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Rapid Multimodal Logistics IPO is a fixed price issue of ₹8.49 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹8.49 crore.
Rapid Multimodal Logistics IPO bidding started from Aug 22, 2024 and ended on Aug 27, 2024. The allotment for Rapid Multimodal Logistics IPO was finalized on Aug 28, 2024. The shares got listed on BSE SME on Aug 30, 2024.
Rapid Multimodal Logistics IPO price is ₹84.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,34,400 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,68,800.
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 Gretex Share Broking Pvt.Ltd..
Refer to Rapid Multimodal Logistics IPO RHP for detailed Information.
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | August 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,11,200 shares (aggregating up to ₹8.49 Cr) |
| Reserved for Market Maker | 51,200 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.4301 Cr) |
| Net Offered to Public | 9,60,000 shares (aggregating up to ₹8.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 38,11,200 shares |
Rapid Multimodal Logistics IPO offers total 10,11,200 shares. Out of which 4,80,000 (47.47%) allocated to NII, 4,80,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 51,200 (5.06%) |
| NII (HNI) Shares Offered | 4,80,000 (47.47%) |
| Retail Shares Offered | 4,80,000 (47.47%) |
| Total Shares Offered | 10,11,200 (100.00%) |
Rapid Multimodal Logistics IPO opens on August 22, 2024, and closes on August 27, 2024.
| IPO Open Date | Thu, Aug 22, 2024 |
| IPO Close Date | Tue, Aug 27, 2024 |
| Tentative Allotment | Wed, Aug 28, 2024 |
| Initiation of Refunds | Thu, Aug 29, 2024 |
| Credit of Shares to Demat | Thu, Aug 29, 2024 |
| Tentative Listing Date | Fri, Aug 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 27, 2024 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,34,400 |
| Retail (Max) | 1 | 1,600 | ₹1,34,400 |
| HNI (Min) | 2 | 3,200 | ₹2,68,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.
The company offers both single and multimodal transportation services. These services involve using multiple modes of transportation, like road, rail, and sea, in one supply chain to improve efficiency and meet shipment requirements. This includes planning, route optimization, selecting carriers, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation.
The company caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor.
As of January 2024, the company has 17 employees on its payroll.
Rapid Multimodal Logistics Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 839.76 | 699.14 | 673.51 |
| Total Income | 7,184.25 | 7,296.17 | 4,774.4 |
| Profit After Tax | 179.23 | 200.48 | 95.43 |
| Net Worth | 471.55 | 300.59 | 100.11 |
| Reserves and Surplus | 191.55 | 295.59 | 95.11 |
| Total Borrowing | 201.07 | 227.88 | 357.59 |
| Amount in ₹ Lakhs | |||
The market capitalization of Rapid Multimodal Logistics IPO is ₹32.01 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.42% |
| ROCE | 48.98% |
| Debt/Equity | 0.19 |
| RoNW | 38.01% |
| PAT Margin | 2.50% |
| Price to Book Value | 1.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.40 | 4.70 |
| P/E (x) | 13.12 | 17.86 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
[Dilip Davda] The company is operating in one stop logistics solutions which is a highly competitive and fragmented segment. The company marked inconsistency in its top and bottom lines. Small paid-up equity capital post-IPO indicates longer gestation period for migration. Based on FY24 earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for medium term. Read detail review...
| Listing Date | August 30, 2024 |
| BSE Script Code | 544237 |
| NSE Symbol | |
| ISIN | INE0QA901010 |
| Final Issue Price | ₹84 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹103.00 |
| Low | ₹99.00 |
| High | ₹108.15 |
| Last Trade | ₹108.10 |
Rapid Multimodal Logistics Ltd.
New No.44, Old No.78
Shrofforchards
Chennai - 600010
Chennai, Tamil Nadu
Phone: +91 044264 40181
Email: info@rapidlogistics.in
Website: http://www.rapidlogistics.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rapid Multimodal Logistics IPO is a SME IPO of 10,11,200 equity shares of the face value of ₹10 aggregating up to ₹8.49 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on August 22, 2024, and closes on August 27, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rapid Multimodal Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Rapid Multimodal Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rapid Multimodal Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rapid Multimodal Logistics IPO opens on August 22, 2024 and closes on August 27, 2024.
Rapid Multimodal Logistics IPO lot size is 1600, and the minimum amount required for application is ₹1,34,400.
You can apply in Rapid Multimodal Logistics 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 Multimodal Logistics IPO will be done on Wednesday, August 28, 2024, and the allotted shares will be credited to your demat account by Thursday, August 29, 2024. Check the Rapid Multimodal Logistics IPO allotment status.
The Rapid Multimodal Logistics IPO listing date is on Friday, August 30, 2024.
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