Rapid Fleet Management Services IPO Details
Rapid Fleet Management Services IPO Summary
Rapid Fleet Management Services IPO opens for subscription on 21 Mar 2025 and closes on 25 Mar 2025.The IPO will be listed on NSE with the tentative listing date set for 28 Mar 2025.
Rapid Fleet Management Services IPO price band has been fixed at ₹183 – ₹192 per share. The face value is ₹10 per share with a lot size of 600.
Rapid Fleet Management Services IPO total issue size comprises 22,84,800 shares (aggregating up to ₹43.87 Cr). This includes a fresh issue of 22,84,800 shares (aggregating up to ₹43.87 Cr). Pre-issue shareholding stands at 51,50,000, which will increase to 74,34,800 post-issue.
Rapid Fleet Management Services IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Rapid Fleet Management Services IPO Lot Size :Retail Minimum is 1 lot (600 shares) amounting to ₹115,200. Retail Maximum is 1 lot (600 shares) amounting to ₹115,200. SHNI Minimum is 2 lots (1,200 shares) amounting to ₹230,400.
The Lead Managers for Rapid Fleet Management Services IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Gretex Corporate Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Gretex Share Broking Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Rapid Fleet Management Services Limited RHP.
Rapid Fleet Management Services IPO Details
Rapid Fleet Management Services IPO Subscription
Rapid Fleet Management Services IPO Application Wise Breakup
Rapid Fleet Management Services IPO Dates
- 21 Mar 2025Opening dateOpen
- 25 Mar 2025Closing dateClose
- 26 Mar 2025Allotment Date Allotment
- 27 Mar 2025Initiation of RefundsRefund
- 27 Mar 2025Credit of SharesCredit
- 28 Mar 2025Listing dateListing
Rapid Fleet Management Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹115,200 |
| Retail Maximum | 1 | 600 | ₹115,200 |
| SHNI Minimum | 2 | 1200 | ₹230,400 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Rapid Fleet Management Services IPO Reservation
Promoter Holding
Documents
Rapid Fleet Management Services IPO Valuations
Rapid Fleet Management Services Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 101.3 | 70.66 | 71.81 | 75.37 |
| Revenue | 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 | ||||
About Rapid Fleet Management Services IPO
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:
- Full or Partial Load: The company offers Full and Partial Load services, ensuring efficient, cost-effective transport of goods and raw materials. It supports seamless logistics, timely deliveries, and flexible solutions for diverse cargo needs.
- Exim Services: The company provides comprehensive Exim services, handling efficient customs clearance, optimized logistics, and cross-border transactions. It specializes in inland transport, connecting ports, production facilities, and ensuring timely delivery of goods.
- Renewable Transportation Services: The company has expanded into the renewable energy logistics sector, specializing in transporting Wind Turbine Generators (WTG). It invested in extendable telescopic trailers to efficiently move large wind turbine blades.
As of August 14, 2024, the company has 68 employees on payroll.
Strength Of Rapid Fleet Management Services IPO
1. Implementation of an integrated TMS - Digitify Book.
2. In house Vehicle Fleet and its Safety for smooth operations and delivery.
3. Supply Chain Efficiency.
4. PAN India Transport.
5. Pride in catering to an esteemed clientele.
6. Dynamic Approach to Market Fluctuations.
7. Not compromising Quality Services.
Risk Of Rapid Fleet Management Services IPO
1. Our business is dependent on the road network and our ability to utilize our vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect us and lead to a loss of reputation and/ or profitability.
2. Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
3. There are outstanding legal proceedings involving our Company, Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
4. Significant dependence of revenue on Full Load and Exim Services and impact of lack of experience in renewable transportation services.
5. Majority of our revenues are generated from the State of Tamil Nadu Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.
6. Our inability to pass on any increase in operating expenses, particularly fuel costs, to our customers which may adversely affect our business and results of operations.
7. Claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured may adversely affect our business, results of operations and financial condition.
8. Our Registered Office is not owned by us. The same is occupied by us on a rental basis. Disruption of our rights as tenant or termination of the agreements with our landlord would adversely impact our operations and, consequently, our business.
9. We rely on third party service provider for setting and maintenance of the Digitify TMS platform to handle the complete lifecycle of full truck operations, from indent creation to invoicing and any shortcomings in the services they offer could have an impact on our Company's operations.
10. Our business is highly dependent on technology and any disruption or failure of our technology systems may affect our operations.
Objectives Rapid Fleet Management Services IPO
- Purchase of Vehicles (Goods carriages).
- Working Capital Requirements.
- General Corporate Purposes
Company Contact Details
Rapid Fleet Management Services Limited
New No. 9, Old No. 5 Coral Merchant Street,
Chennai - 600001, Tamil Nadu, India
Phone: 044-25210132
Email: info@rapidtransportsystems.in
Website: https://rapidfleet.in/
Registrar Contact Details
Rapid Fleet Management Services FAQs
The Rapid Fleet Management Services IPO is a SME public issue comprising 2284800 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹43.87 Cr. The issue price has been fixed at ₹192 per equity share, and the minimum application size is 600 shares.
The IPO opens for subscription on 21 Mar 2025, and closes on 25 Mar 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹0 (0%).
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