Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Thu, Aug 22, 2024 - Tue, Aug 27, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Aug 22, 2024
IPO Close
Tue, Aug 27, 2024
Issue Price
₹84 per share
Market Cap (Pre-IPO)
₹32.01 Cr
| IPO Date | 22 to 27 Aug, 2024 |
| Listed on | Fri, Aug 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,11,200 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 51,200 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.4301 Cr) |
| Fresh Issue (Ex Market Maker) | 9,60,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 9,60,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 38,11,200 shares |
| BSE Script Code | 544237 |
| ISIN | INE0QA901010 |
Rapid Multimodal Logistics IPO comprises a total issue size of 10,11,200 shares. The net offer to the public is 9,60,000 shares, after excluding 51,200 shares allotted on a firm basis. Of the Net offer 4,80,000 (50.00%) allocated to NII 4,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,80,000 | 50.00% | 47.47% |
| Retail Shares Offered | 4,80,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 51,200 | 5.06% | |
| Total Shares Offered | 10,11,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 8.40 | 6.99 | 6.74 |
| Total Income | 71.84 | 72.96 | 47.74 |
| Profit After Tax | 1.79 | 2.00 | 0.95 |
| NET Worth | 4.72 | 3.01 | 1.00 |
| Reserves and Surplus | 1.92 | 2.96 | 0.95 |
| Total Borrowing | 2.01 | 2.28 | 3.58 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 5.50 |
| 2 | General Corporate Purpose | 1.75 |
| Total | 7.25 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.40 | 4.70 |
| P/E (x) | 13.12 | 17.86 |
| Promoter Holding | 100% | 73.47% |
| Market Cap | ₹32.01 Cr. |
The Rapid Multimodal Logistics IPO is subscribed 350.5 times on August 27, 2024 6:19:08 PM (Day 4). The public issue subscribed 172.55 times in the retail category, [.] times in the QIB category, and 512.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 512.8 | 4,80,000 | 24,61,45,600 |
| Retail | 172.55 | 4,80,000 | 8,28,22,400 |
| Total | 350.5 | 9,60,000 | 33,64,80,000 |
Total Application : 63,508
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.30 |
| 2 | Underwriting Fees | 0.34 |
| 3 | Market Making Fees | 0.40 |
| 4 | Fees payable to Registrar to Issue | 0.02 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.04 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.07 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.04 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹103.00 |
| Low | ₹99.00 |
| High | ₹108.15 |
| Last Trade | ₹108.10 |
Lead Manager Reports
Rapid Multimodal Logistics IPO is a SME IPO of 10,11,200 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Aug 22, 2024, and closes on Tue, Aug 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 Thu, Aug 22, 2024 and closes on Tue, Aug 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 Thu, Aug 29, 2024. Check the Rapid Multimodal Logistics IPO allotment status.
The Rapid Multimodal Logistics IPO listing date is on Fri, Aug 30, 2024.
