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May 10, 2024 - May 14, 2024

Premier Roadlines IPO Subscription Details

Premier Roadlines IPO Subscription Status Live

Premier Roadlines IPO subscribed 117.57 times. The public issue subscribed 106.50 times in the retail category, 89.95 times in QIB, and 180.25 times in the NII category by May 14, 2024 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions89.951,144,00010,29,08,000689.48
Non-Institutional Buyers*180.25816,00015,46,52,0001,036.17
Retail Investors106.502,004,00021,34,22,0001,429.93
Employees[.]000
Others[.]000
Total *117.574,006,00047,09,82,0003,155.58

Total Application : 106,711 (106.50 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 304,000 equity shares not included.


Premier Roadlines IPO (Day-wise) Subscription Details (times)

DateQIBNII*RetailTotal
Day 1
May 10, 2024
2.184.771.251.42
Day 2
May 13, 2024
2.184.7710.917.05
Day 3
May 14, 2024
89.95180.25106.50117.57

Premier Roadlines IPO Shares Offered

Premier Roadlines IPO is a public issue of 6,024,000 equity shares. The issue offers 2,004,000 shares to retail investors, 1,144,000 shares to qualified institutional buyers, and 816,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
Anchor Investor1,714,00011.4828.45%
Market Maker304,0002.045.05%
QIB1,144,0007.6618.99%
NII*816,0005.4713.55%
Retail2,004,00013.4333.27%
Total6,024,00040.36100%

Premier Roadlines IPO Anchor Investor Allocation

A total of 1,714,000 shares at a price of Rs 67 per share will be allotted to the anchor investors.

S.No.Name of Anchor InvestorNo. of Shares AllocatedBid Price Per Share (Rs.)Anchor Investor Portion (%)Total Amount Allocated (Rs.)
1SB Opportunities Fund I522,0006730.4634,974,000
2Rajasthan Global Securities Pvt. Limited226,0006713.1915,142,000
3Meru Investment Fund PCC-Cell 1300,0006717.520,100,000
4Persistent Growth Fund- Varsu India Growth Story Scheme 1216,0006712.614,472,000
5Moneywise Financial Investments Limited150,000678.7510,050,000
6Saint Capital Fund150,000678.7510,050,000
7FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND150,000678.7510,050,000
1,714,000100114,838,000

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Premier Roadlines IPO Subscription FAQs

The Premier Roadlines IPO is subscribed 117.57 by May 14, 2024.

Premier Roadlines IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional89.95
Non Institutional180.25
Retail Individual106.50
Employee Reservations[.]
Others[.]
Total Subscription117.57

Retail category of Premier Roadlines IPO subscribed 106.50 times as of date May 14, 2024. The public issue closes on May 14, 2024 for bidding.

An investor can apply in Premier Roadlines IPO online via bank (using ASBA) or the broker (using UPI). The Premier Roadlines IPO shares are offered online only.

The Premier Roadlines IPO is subscribed 117.57 by May 14, 2024.

The Premier Roadlines IPO allotment status is expected on or around May 15, 2024. Visit Premier Roadlines IPO allotment status to check.

The Premier Roadlines IPO listing date is Friday, May 17, 2024. The equity share of Premier Roadlines Limited will list on NSE SME.

Visit Premier Roadlines IPO subscription status page for real-time bidding information about Premier Roadlines IPO.

Premier Roadlines IPO Timetable

IPO Opens OnMay 10, 2024
IPO Closes OnMay 14, 2024
Finalisation of Basis of AllotmentMay 15, 2024
Initiation of RefundsMay 16, 2024
Credit of Shares to Demat AccountMay 16, 2024
IPO Listing DateMay 17, 2024