Exciting News Alert! GMP IPO Price Band Revealed 🚀
📈 Premier Roadlines has set the price band for its IPO at ₹63-67 per share. The IPO will open for subscription on May 10th, giving investors an opportunity to invest until May 14th.
🤑 The company aims to raise ₹40.36 crore through the IPO, with shares being listed on the NSE SME platform. A total of 60.24 lakh new shares will be issued under this IPO, with no offer for sale.
🎯 The lot size for Premier Roadlines IPO is 2,000 shares, requiring retail investors to invest a minimum of ₹1,34,000. Allocation of shares will be done on May 15th, with the refund process starting on May 16th.
💼 The funds raised through the IPO will be used to repay loans, commercial use, working capital requirements, and general corporate purposes. Hem Securities Limited is the book running lead manager for Premier Roadlines IPO.
🚚 Established in 2008, Premier Roadlines Limited provides logistics solutions for companies, offering transportation services, project funding, and heavy cargo transportation across India. The company caters to B2B customers in the contract logistics segment, transporting goods to neighboring countries like Nepal and Bhutan.
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