Premier Roadlines Ltd - IPO

Premier Roadlines Ltd IPO Details

Initial public offer of upto 60,24,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Premier Roadlines Limited (The Company or The Issuer) at an issue price of Rs. 67 per equity share (including share premium of Rs. 57 per equity share) for cash, aggregating up to Rs. 40.36 crores (Public Issue) out of which 3,04,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 67 per equity share for cash, aggregating Rs. 2.04 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 57,20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 67 per equity share for cash, aggregating upto Rs. 38.32 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.35% and 25.02% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs. 10 eacha and issue price is Rs. 67 each. The issue price is 6.70 times of the face value of the equity share.

Objective of issue

Repayment and/or pre-payment in full or part of certain borrowings availed by the company. Purchase of vehicle for commercial purposes. To meet working capital requirements. General corporate purposes.

Premier Roadlines Ltd Contact Details

Premier Roadlines Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@prlindia.com

Website - www.prlindia.com