Premier Roadlines IPO Gains Momentum with 6.49x Subscription on Day Two!

Premier Roadlines Limited IPO attracted strong interest, achieving a 6.49 times subscription on day two, reflecting positive market reception and high investor enthusiasm for its future prospects.
Premier Roadlines IPO Gains Momentum with 6.49x Subscription on Day Two!

Premier Roadlines Limited IPO demonstrated steady interest on its second day, achieving a subscription rate of 6.49 times. This solid performance reflects a positive market reception and investor enthusiasm for the company’s prospects.

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How To Check Premier Roadlines Limited IPO Subscription Status? 

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Premier Roadlines Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Premier Roadlines Limited IPO Allotment Status

The allotment date for the Premier Roadlines Limited IPO is set for May 15, 2024, with shares priced at a range of ₹63 to ₹67 per share and a face value of ₹10. The offering consists of lots of 2000 shares, with bids accepted for these lots or their multiples.

Premier Roadlines Limited IPO Subscription Status

Premier Roadlines Limited IPO saw a subscription of 0.89 times on Day 1, showing a modest uptake by investors. This reflects an initial lukewarm response as the market assesses the company’s potential and prospects.

Premier Roadlines Limited IPO Listing Date 

Premier Roadlines Limited IPO is expected to be listed on the NSE SME on May 17, 2024.

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