Premier Roadlines IPO Allotment Out; Here's How You Can Check Allotment Status
A step-by-step guide on how to check Premier Roadlines IPO allotment status is provided below. The issue was subscribed 117.57 times on the final day of subscription.
On the last day of bidding, the Premier Roadlines IPO received a tremendous response with an overall subscription of 117.57 times led by solid demand from Non-institutional buyers (NII) who subscribed the issue 180.25 times. Retail investors subscribed 106.50 times and qualified institutions (QIB) subscribed to the issue 89.95 times, as per chittorgarh.com.
The SME IPO started accepting applications on May 10 has closed for bidding on May 14. It's an initial public offering where the company plans to raise Rs 40.36 crore by issuing 60.24 lakh fresh shares. The price band was set between Rs 63 to Rs 67 per share. For investors, the minimum lot size was 2000 shares, requiring a minimum investment of Rs 134,000.
The allotment for the Premier Roadlines IPO was finalised on Wednesday, May 15.
Investors can check the Premier Roadlines IPO allotment status on the official website of Maashitla Securities Private Limited, the registrar for the issue.
How to check Premier Roadlines IPO allotment status on Maashitla Securities?
Visit the Maashitla Securities Private Limited website here: https://maashitla.com/allotment-status/public-issues
Select "Premier Roadlines Limited" from the drop-down list on the Public Issues page.
Select and Enter your PAN, Application number or Demat account number.
Click on the "SUBMIT" button.
Download or print the allotment status for your records.
Premier Roadlines IPO Listing Date
Premier Roadlines Limited will list at NSE SME on Friday, May 17.(likely listing date)
Premier Roadlines IPO Timeline (Tentative Schedule)
IPO Open Date: Friday, May 10
IPO Close Date: Tuesday, May 14
Basis of Allotment: Wednesday, May 15
Initiation of Refunds: Thursday, May 16
Credit of Shares to Demat: Thursday, May 16
Listing Date: Friday, May 17
Investors who received shares will have their demat accounts credited on May 16. The refund procedure will begin on the same day, as soon as the Premier Roadlines IPO allotment is finalised.
About Premier Roadlines Limited
PRL (Premier Roadlines Limited) is an IBA-approved public limited logistics company that provides logistics services. PRL is a four-decade-old company that started its operations in Delhi. It now serves multinationals, small and medium organizations, and various sectors on a pan-India basis for all logistics requirements. Their services include general transportation, project logistics, and moving oversized or heavy cargo. They serve various industries like infrastructure, energy, and construction, with clients including KEC International, Tata Power, and L&T.
