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Premier Roadlines IPO vs TGIF Agribusiness IPO

Comparision between Premier Roadlines IPO and TGIF Agribusiness IPO.

IPO Details

Premier Roadlines IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Premier Roadlines IPO TGIF Agribusiness IPO
Logo Premier Roadlines IPO Logo TGIF Agribusiness IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Hem Securities Limited Hem Securities Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

  Premier Roadlines IPO TGIF Agribusiness IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹63.00 per share
Issue Price (Upper) ₹67.00 per share
Issue Price (Final) ₹67.00 per share ₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 60,24,000 shares 6,87,600 shares
Fresh Issue Size (Amount) up to ₹40.36 Cr up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 60,24,000 shares 6,87,600 shares
Issue Size Total (Amount) up to ₹40.36 Cr up to ₹6.39 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Premier Roadlines IPO and TGIF Agribusiness IPO is May 14, 2024, and May 10, 2024, respectively.

  Premier Roadlines IPO TGIF Agribusiness IPO
Anchor Bid Date May 09, 2024
Issue Open May 10, 2024 May 08, 2024
Issue Close May 14, 2024 May 10, 2024
Basis Of Allotment (Tentative) May 15, 2024 May 13, 2024
Initiation of Refunds (Tentative) May 16, 2024 May 14, 2024
Credit of Share (Tentative) May 16, 2024 May 14, 2024
Listing date (Tentative) May 17, 2024 May 15, 2024
Anchor Lockin End date 1 Jun 14, 2024
Anchor Lockin End date 2 Aug 13, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

  Premier Roadlines IPO TGIF Agribusiness IPO
Financial

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,699.127,410.765,144.624,578.82
Revenue17,420.7119,205.6013,868.819,415.78
Profit After Tax874.67718.50388.60155.39
Net Worth3,577.832,703.171,984.671,596.07
Reserves and Surplus1,893.982,550.091,831.591,442.99
Total Borrowing3,707.933,677.262,354.822,379.01
Amount in ₹ Lakhs

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets282.32187.5265.33291.62
Revenue171.79232.28207.14181.59
Profit After Tax81.41130.07115.4838.18
Net Worth190.00175.8945.82257.91
Total Borrowing67.30
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 99.80%
Promoter Shareholding (Post-Issue) 73.65% 73.28%
P/E Ratio 15.7 13.58
Market Cap ₹153.18 Cr. ₹24.06 Cr.
ROE 27.85%%
ROCE 20.05%%
Debt/Equity 1.04
EPS ₹4.27 ₹6.85
RoNW 24.45%% 42.85%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in TGIF Agribusiness IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 0 shares in TGIF Agribusiness IPO.

  Premier Roadlines IPO TGIF Agribusiness IPO
Anchor Investor Reserveration 17,14,000 shares
Market Maker Reserveration 3,04,000 shares 34,800 shares
QIB 11,44,000 shares 0 shares
NII 8,58,000 shares 3,26,400 shares
RII 20,04,000 shares 3,26,400 shares
Employee 0 shares 0 shares
Others
Total 40,06,000 shares 6,52,800 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

  Premier Roadlines IPO TGIF Agribusiness IPO
QIB (times) 89.95x
NII (times) 180.25x 35.35x
Big NII (times)
Small NII (times)
RII (times) 106.50x 32.92x
Employee (times)
Other (times)
Total (times) 117.57x 37.13x

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