What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Premier Roadlines Limited IPO?

Premier Roadlines Limited IPO has received a total subscription of 115.29 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Premier Roadlines Limited

ListedSME

Emerging SME Services · NSE

Founded in 2008, Premier Roadlines Limited is a leading logistics provider specializing in land transportation solutions for cargo ranging from 1 MT to 250 MT. The company offers general transportation, project logistics, and oversized/overweight cargo transport across India, catering to industries like infrastructure, energy, oil & gas, construction, and renewables. With top clients such as KEC International, ThyssenKrupp Industrial Solutions, Tata Projects, GR Infraprojects, Tata Power Solar, and Sterlite Power Transmission, Premier Roadlines has established itself as a trusted logistics partner. The company operates mainly in India but also serves neighboring countries like Nepal and Bhutan. Relying on third-party fleet providers, including small fleet owners and agents, the company sources container trucks, trailers, and hydraulic axles to ensure efficient transportation. Headquartered in Delhi, Premier Roadlines maintains a strong presence with 28 branches in major cities such as Ahmedabad, Bengaluru, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, Nashik, and Pune. As of December 31, 2023, the company employs 204 full-time staff, including senior executives, reinforcing its commitment to operational excellence and customer satisfaction.

Price Band

₹63 – ₹67

Issue Size

₹40.36 Cr

Lot Size

2000 shares

GMP

₹20

+29.9%

Est. Listing

₹87

at current GMP

Subscribed

115.29x

overall

Open

10 May 2024

14 May 2024

Allotment

15 May 2024

Refund

16 May 2024

Demat Credit

17 May 2024

Listing

17 May 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

115.29x

Total Demand

QIB Multiplier

89.95x

Institutions & Funds

NII / HNI

180.09x

High Net-Worth

Retail (RII)

102.01x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 115.29x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,144,000	102,908,000	89.95x
NIB	858,000	154,520,000	180.09x
RETAIL	2,004,000	204,424,000	102.01x
Total	4,006,000	461,852,000	115.29x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 104.80x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,054	107,519	102.01x
HNIs (10L +)	7	1,261	180.09x
HNIs (2-10L)	32	5,763	180.09x
Total Applications	1,093	114,543	104.80x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Premier Roadlines Limited Public Issue & Market Profile

Premier Roadlines Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹40.36 Crores. The shares are offered at a price band of ₹63 to ₹67 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2024-05-14, the basis of allotment is scheduled to be finalized on 2024-05-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Premier Roadlines Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Premier Roadlines Limited IPO is ₹20 per equity share. Based on the upper price band of ₹63 to ₹67 per equity share, the estimated listing price is ₹87 (+29.9% expected listing gain).

What is the expected profit per lot for Premier Roadlines Limited IPO?

With a lot size of 2000 shares and current GMP of ₹20, the expected profit per application lot is approx ₹40,000 (+29.9% gain). Minimum application cost is approx ₹1,34,000.

What is the issue size and price band for Premier Roadlines Limited IPO?

The Premier Roadlines Limited IPO aggregate issue size is ₹40.36 Crores with an equity price band set at ₹63 to ₹67 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,34,000.

How can I check Premier Roadlines Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 115.29x (Retail: 102.01x, QIB: 89.95x, NII: 180.09x). You can track live multiples directly on our dedicated subscription page.

Where and when will Premier Roadlines Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2024-05-15. Investors can verify status using PAN card or application number.

When is the listing date for Premier Roadlines Limited IPO?

Premier Roadlines Limited shares are scheduled to list on NSE on 2024-05-17.