Premier Roadlines Launches at ₹87, Soars 30% on Market Debut!

Premier Roadlines launched strongly on NSE SME, opening at ₹87, a 30% increase from the issue price of ₹67, highlighting significant investor interest on its debut day.
Premier Roadlines Launches at ₹87, Soars 30% on Market Debut!

Premier Roadlines had a strong market debut on the NSE SME, opening at ₹87, marking a 30% increase over the issue price of ₹67. This impressive initial performance underscores the robust investor interest in the company’s stock on its first day.

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The Premier Roadlines IPO, priced between ₹63 and ₹67 per share with a face value of ₹10, was open from May 10 to May 14. The offering, consisting of 2,000 shares per lot, was heavily subscribed at 117.57 times by the close of bidding.

Premier Roadlines Limited, a B2B logistics specialist, provides surface transportation across India and neighboring regions. In FY 2022-23, they completed 26,000 orders using a network of third-party operators and containerized vehicles. Their operations are supported by an IT network for real-time monitoring, with major clients like KEC International, ThyssenKrupp, and Tata Project.

Premier Roadlines Ltd aims to use its IPO to repay debts, purchase commercial vehicles, and boost working capital to enhance operational efficiency and support sustained business growth.

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Share Market Opening रिकॉर्ड ऊंचाई पर खुला बाजार, सेंसेक्स-निफ्टी अबतक की ऑल टाइम हाई पर!

Share Market Opening: रिकॉर्ड ऊंचाई पर खुला बाजार, सेंसेक्स-निफ्टी अबतक की ऑल टाइम हाई पर!

सकारात्मक वैश्विक रुझानों और मजबूत विदेशी निवेश के चलते सेंसेक्स और निफ्टी ने बढ़त के साथ शुरुआत करते हुए नई ऊंचाई को छुआ। सेंसेक्स में 242.08 अंकों की बढ़त हुई, जबकि निफ्टी में 71.90 अंकों की बढ़त हुई।

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