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Rapid Fleet Management IPO is a book build issue of ₹43.87 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹43.87 crore.
Rapid Fleet Management IPO bidding started from Mar 21, 2025 and ended on Mar 25, 2025. The allotment for Rapid Fleet Management IPO was finalized on Mar 26, 2025. The shares got listed on NSE SME on Mar 28, 2025.
Rapid Fleet Management IPO price band is set at ₹192.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,15,200 (600 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,30,400.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is MLB Stock Broking Pvt.Ltd..
Refer to Rapid Fleet Management IPO RHP for detailed Information.
| IPO Date | March 21, 2025 to March 25, 2025 |
| Listing Date | March 28, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹192 per share |
| Issue Price Final | ₹192 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,84,800 shares (aggregating up to ₹43.87 Cr) |
| Reserved for Market Maker | 4,21,800 shares MLB Stock Broking Pvt.Ltd. (aggregating up to ₹8.10 Cr) |
| Net Offered to Public | 18,63,000 shares (aggregating up to ₹35.77 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,50,000 shares |
| Share Holding Post Issue | 74,34,800 shares |
Rapid Fleet Management IPO offers total 22,84,800 shares. Out of which 9,31,200 (40.76%) allocated to QIB, 3,72,600 (16.31%) allocated to QIB (Ex- Anchor), 2,79,600 (12.24%) allocated to NII, 6,52,200 (28.55%) allocated to RII and 5,58,600 (24.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,21,800 (18.46%) |
| QIB Shares Offered | 9,31,200 (40.76%) |
| − Anchor Investor Shares Offered | 5,58,600 (24.45%) |
| − QIB (Ex. Anchor) Shares Offered | 3,72,600 (16.31%) |
| NII (HNI) Shares Offered | 2,79,600 (12.24%) |
| Retail Shares Offered | 6,52,200 (28.55%) |
| Total Shares Offered | 22,84,800 (100.00%) |
Rapid Fleet Management IPO raises ₹10.73 crore from anchor investors. Rapid Fleet Management IPO Anchor bid date is March 20, 2025. Rapid Fleet Management IPO Anchor Investors list
| Bid Date | March 20, 2025 |
| Shares Offered | 5,58,600 |
| Anchor Portion Size (In Cr.) | 10.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 24, 2025 |
Rapid Fleet Management IPO opens on March 21, 2025, and closes on March 25, 2025.
| IPO Open Date | Fri, Mar 21, 2025 |
| IPO Close Date | Tue, Mar 25, 2025 |
| Tentative Allotment | Wed, Mar 26, 2025 |
| Initiation of Refunds | Thu, Mar 27, 2025 |
| Credit of Shares to Demat | Thu, Mar 27, 2025 |
| Tentative Listing Date | Fri, Mar 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 25, 2025 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,15,200 |
| Retail (Max) | 1 | 600 | ₹1,15,200 |
| HNI (Min) | 2 | 1,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Rapid Fleet Management Services Limited is specializes in providing comprehensive logistics and road transportation services tailored to both B2B and B2C clients.
The company has expanded its operations significantly, currently managing a fleet of over 200 vehicles. They serve a diverse range of industries, including FMCG, automobile, and electronics sectors.
The company developed its own mobile app to streamline business processes, ensuring 24/7 operations. It focuses on client compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.
Services:
As of August 14, 2024, the company has 68 employees on payroll.
Competitive Strengths:
| 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 | ||||
The market capitalization of Rapid Fleet Management IPO is ₹142.75 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 50.09% |
| ROCE | 43.11% |
| Debt/Equity | 0.74 |
| RoNW | 40.06% |
| PAT Margin | 6.98% |
| Price to Book Value | 4.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.67 | 10.86 |
| P/E (x) | 12.25 | 17.68 |
The Company Rapid Fleet IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of Vehicles (Goods carriages) | 13.00 |
| 2 | Working Capital Requirements | 19.12 |
| 3 | General Corporate Purposes |
[Dilip Davda] The company is engaged in providing tailor made logistics services on B2B and B2C model. While it posted inconsistency in its top lines for the reported periods, it marked jump in bottom lines from FY24 onwards. Based on its super earnings from FY24 onwards, the IPO appears aggressively priced. It is operating in a highly competitive and fragmented segment. Small equity post-IPO indicates longer gestation period for migration to mainboard. There is no harm in skipping this ”High Risk/Low Return” pricey bet. Read detail review...
| Listing Date | March 28, 2025 |
| BSE Script Code | |
| NSE Symbol | RAPIDFLEET |
| ISIN | INE0QX901013 |
| Final Issue Price | ₹192 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹192.00 |
| Open | ₹195.00 |
| Low | ₹195.00 |
| High | ₹203.75 |
| Last Trade | ₹200.90 |
Rapid Fleet Management Services Ltd.
New No. 9,
Old No. 5
Coral Merchant Street
Chennai, Tamil Nadu, 600001
Phone: 044-25210132
Email: info@rapidtransportsystems.in
Website: http://www.rapidfleet.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rapid Fleet Management IPO is a SME IPO of 22,84,800 equity shares of the face value of ₹10 aggregating up to ₹43.87 Crores. The issue is priced at ₹192 per share. The minimum order quantity is 600.
The IPO opens on March 21, 2025, and closes on March 25, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rapid Fleet Management IPO using UPI as a payment gateway. Zerodha customers can apply in Rapid Fleet Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rapid Fleet Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rapid Fleet Management IPO opens on March 21, 2025 and closes on March 25, 2025.
Rapid Fleet Management IPO lot size is 600, and the minimum amount required for application is ₹1,15,200.
You can apply in Rapid Fleet Management IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rapid Fleet Management IPO will be done on Wednesday, March 26, 2025, and the allotted shares will be credited to your demat account by Thursday, March 27, 2025. Check the Rapid Fleet Management IPO allotment status.
The Rapid Fleet Management IPO listing date is on Friday, March 28, 2025.
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