Bookbuilding IPO | ₹44 Cr | Listed at NSE SME | Fri, Mar 21, 2025 - Tue, Mar 25, 2025
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 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 for investment in 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 Open
Fri, Mar 21, 2025
IPO Close
Tue, Mar 25, 2025
Issue Price
₹192 per share
Market Cap (Pre-IPO)
₹142.75 Cr
| IPO Date | 21 to 25 Mar, 2025 |
| Listed on | Fri, Mar 28, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹183 to ₹192 |
| Issue Price | ₹192 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,84,800 shares (agg. up to ₹44 Cr) |
| Reserved for Market Maker | 4,21,800 shares MLB Stock Broking Pvt.Ltd. (agg. up to ₹8 Cr) |
| Fresh Issue (Ex Market Maker) | 18,63,000 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 18,63,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 51,50,000 shares |
| Share Holding Post Issue | 74,34,800 shares |
| NSE Symbol | RAPIDFLEET |
| ISIN | INE0QX901013 |
Rapid Fleet Management IPO comprises a total issue size of 22,84,800 shares. The net offer to the public is 18,63,000 shares, after excluding 4,21,800 shares allotted on a firm basis. Of the Net offer 9,31,200 (49.98%) are allocated to QIB, 2,79,600 (15.01%) allocated to NII 6,52,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,31,200 | 49.98% | 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 | 15.01% | 12.24% |
| Retail Shares Offered | 6,52,200 | 35.01% | 28.55% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,21,800 | 18.46% | |
| Total Shares Offered | 22,84,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
Rapid Fleet Management IPO raises ₹10.73 crore from anchor investors. Rapid Fleet Management IPO Anchor bid date is March 20, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Mar 20, 2025 |
| Shares Offered | 5,58,600 |
| Anchor Portion (₹ Cr.) | 10.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 24, 2025 |
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 | 101.30 | 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 | 3.40 |
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Vehicles (Goods carriages) | 13.02 |
| 2 | Working Capital Requirements | 19.12 |
| 3 | General Corporate Purposes | 6.50 |
| Total | 38.65 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 15.67 | 10.86 |
| P/E (x) | 12.25 | 17.68 |
| Promoter Holding | 97.5% | 67.54% |
| Market Cap | ₹142.75 Cr. |
The Rapid Fleet IPO is subscribed 1.65 times on March 25, 2025 6:19:59 PM (Day 3). The public issue subscribed 0.81 times in the retail category, 1.07 times in the QIB category, and 4.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 1.07 | 3,72,600 | 3,99,000 | 3 |
| NII* | 4.38 | 2,79,600 | 12,23,400 | 209 |
| Retail | 0.81 | 6,52,200 | 5,29,800 | 883 |
| Total | 1.65 | 13,04,400 | 21,52,200 | 1,095 |
Total Application : 1,095
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Book Running Lead Manager | 2.75 |
| 2 | Market Making Fees | 0.05 |
| 3 | Fees payable to Registrar to Issue | 0.02 |
| 4 | Fees to Legal Advisor | 0.02 |
| 5 | Advertisement Expenses | 0.06 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.09 |
| 7 | Printing & Distribution Expenses | 0.00 |
| 8 | Marketing & Selling Expenses | 2.22 |
| 9 | Payment to Sponsor Bank | 0.02 |
| 10 | Statutory & Other Reports | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹192.00 |
| Open | ₹195.00 |
| Low | ₹195.00 |
| High | ₹203.75 |
| Last Trade | ₹200.90 |
Lead Manager Reports
Rapid Fleet Management IPO is a SME IPO of 22,84,800 equity shares of the face value of ₹10 aggregating up to ₹44 Crores. The issue is priced at ₹192 per share. The minimum order quantity is 600.
The IPO opens on Fri, Mar 21, 2025, and closes on Tue, Mar 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 Fri, Mar 21, 2025 and closes on Tue, Mar 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 Thu, Mar 27, 2025. Check the Rapid Fleet Management IPO allotment status.
The Rapid Fleet Management IPO listing date is on Fri, Mar 28, 2025.
