Rapid Fleet Management IPO vs Sundrex Oil IPO

Comparison between Rapid Fleet Management IPO and Sundrex Oil IPO.

IPO Details

Rapid Fleet Management IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sundrex Oil IPO is a SME Bookbuilding proposed to list at NSE SME.

	Rapid Fleet Management IPO	Sundrex Oil IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Gretex Corporate Services Ltd.	Affinity Global Capital Market Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	MLB Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Rapid Fleet Management IPO is up to ₹35.77 Cr whereas the issue size of the Sundrex Oil IPO is up to ₹0.00 Cr. The final issue price of Rapid Fleet Management IPO is ₹192.00 per share and of Sundrex Oil IPO is .

	Rapid Fleet Management IPO	Sundrex Oil IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹183.00 per share
Issue Price (Upper)	₹192.00 per share
Issue Price (Final)	₹192.00 per share
Discount (Retail)	₹0.00 per share
Discount (Employee)
Market Lot Size	600 shares
Fresh Issue Size	18,63,000 shares	37,50,400 shares
Fresh Issue Size (Amount)	up to ₹35.77 Cr	up to ₹0.00 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	18,63,000 shares	37,50,400 shares
Issue Size Total (Amount)	up to ₹35.77 Cr	up to ₹0.00 Cr

IPO Timetable

Rapid Fleet Management IPO opens on Mar 21, 2025, while Sundrex Oil IPO opens on . The closing date of Rapid Fleet Management IPO and Sundrex Oil IPO is Mar 25, 2025, and , respectively.

	Rapid Fleet Management IPO	Sundrex Oil IPO
Anchor Bid Date	Mar 20, 2025
Issue Open	Mar 21, 2025
Issue Close	Mar 25, 2025
Basis Of Allotment (Tentative)	Mar 26, 2025
Initiation of Refunds (Tentative)	Mar 27, 2025
Credit of Share (Tentative)	Mar 27, 2025
Listing date (Tentative)	Mar 28, 2025
Anchor Lockin End date 1	Apr 25, 2025
Anchor Lockin End date 2	Jun 24, 2025

Financials & KPIs

Rapid Fleet Management IPO P/E ratio is 12.25, as compared to Sundrex Oil IPO P/E ratio of .

Rapid Fleet Management IPO

Sundrex Oil IPO

Financials

Rapid Fleet Management Services Limited Financial Information (Restated)

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	101.3	70.66	71.81	75.37
Total Income	87.39	116.32	106.03	114.02
Profit After Tax	7.01	8.07	4.71	3.4
Net Worth	28.89	20.15	12.08	7.41
Reserves and Surplus	23.74	20.05	11.98	7.31
Total Borrowing	34.07	14.93	15.79	27.43
Amount in ₹ Crore

Sundrex Oil Company Limited Financial Information (Restated)

Sundrex Oil Company Limited's revenue increased by 41% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	38.43	24.15	14,93,300.00
Total Income	69.12	49.19	27.79
Profit After Tax	5.45	2.57	0.40
Net Worth	15.28	3.96	1.39
Reserves and Surplus	5.63	2.79	0.41
Total Borrowing	17.38	13.63	9.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.50

100.00

Promoter Shareholding (Post-Issue)

67.54

P/E Ratio

12.25

Market Cap

₹142.75 Cr.

ROE

50.09%

35.63%

ROCE

43.11%

27.13%

Debt/Equity

0.74

1.13

EPS

₹15.67

RoNW

40.06%

35.63%

Shares Offered

In the Rapid Fleet Management IPO Retail Individual Investors (RII) are offered 6,52,200 shares while in Sundrex Oil IPO retail investors are offered 6,52,200 shares. Qualified Institutional Buyers (QIB) are offered 3,72,600 shares in Rapid Fleet Management IPO and in Sundrex Oil IPO.

	Rapid Fleet Management IPO	Sundrex Oil IPO
Anchor Investor Reserveration	5,58,600 shares
Market Maker Reserveration	4,21,800 shares
QIB	3,72,600 shares
NII	2,79,600 shares
RII	6,52,200 shares
Employee	0 shares
Others
Total	18,63,000 shares

Bids Received (Subscription)

Rapid Fleet Management IPO subscribed 1.65x in total, whereas Sundrex Oil IPO subscribed .

	Rapid Fleet Management IPO	Sundrex Oil IPO
QIB (times)	1.07x
NII (times)	4.38x
Big NII (times)
Small NII (times)
RII (times)	0.81x
Employee (times)
Other (times)
Total (times)	1.65x

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