How To Check Premier Roadlines IPO Allotment Status

Premier Roadlines IPO, aiming to raise ₹40.36 crore, opened for subscription on May 10 and closed on May 14. The IPO included a fresh issue of 60.24 lakh shares. The company will finalize the allotment status for the IPO later today.

If you applied for the IPO, here’s how to check the Premier Roadlines IPO allotment status.

Checking IPO Allotment Status on Registrar’s Website

  1. Go to the Maashitla Securities Private Limited website.
  2. Select “Premier Roadlines Limited” from the drop-down list on the Public Issues page.
  3. Enter your PAN, Application number, or Demat account number.
  4. Click the “SUBMIT” button.
  5. Download or print the allotment status for your records.

If you enter all the details correctly and the allotment is finalized, you will see the IPO allotment status.

See also: Go Digit IPO Latest Subscription Status, GMP, And Key Details

Premier Roadlines IPO Subscription Status

On the final subscription day, the Premier Roadlines IPO was 115 times oversubscribed, with bids for 46.18 crore shares against the 40.06 lakh shares on offer across categories. Non-institutional investors led the subscription, subscribing 180 times in their category, with 15.45 crore shares bid against the 8.58 lakh shares available.

The IPO also saw high demand in the Qualified Institutional Buyer (QIB) category, with a subscription rate of 89.95 times according to NSE data. Investors placed bids for 10.29 crore shares against the 11.44 lakh shares available in this category.

Retail investors subscribed 102 times, bidding for 20.44 crore shares against the 20.04 lakh shares reserved for them.

Premier Roadlines IPO Details

Premier Roadlines Limited plans to use the net proceeds from the IPO to repay or pre-pay certain borrowings, purchase vehicles for commercial use, meet working capital requirements, and allocate funds for general corporate purposes.

The company intends to list the IPO shares on the NSE SME platform, Emerge, with the listing date tentatively set for May 17.

Premier Roadlines Company Details

Premier Roadlines Limited (PRL), an IBA-approved public limited logistics company, has been providing logistics services for four decades. Initially starting operations in Delhi, PRL now offers services to multinationals, small and medium organizations, and various sectors across India. Their services include general transportation, project logistics, and moving oversized or heavy cargo. They serve a variety of industries, including infrastructure, energy, and construction. Notable clients include KEC International, Tata Power, and L&T.

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