Rapid Fleet IPO is scheduled to open on March 21, 2025, and will close on March 25, 2025. The IPO allotment is expected to be finalized on March 26, 2025, with a tentative listing date set for March 28, 2025, on the NSE. This book-built issue aims to raise approximately ₹43.87 crores through a fresh issue of equity shares.
The IPO has been structured with a price band of ₹183 to ₹192 per share. Investors can apply for a minimum lot size, requiring an investment based on the final price band. The retail investor quota is 35%, Qualified Institutional Buyers (QIB) are allocated 50%, and High Net-worth Individuals (HNI) have 15%.
Overview of Contents
About Rapid Fleet Management IPO
Founded in 2006, Rapid Fleet Management Services Limited is a Chennai-based logistics and road transportation company specializing in B2B and B2C services. The company owns a fleet of 174 trucks and serves diverse industries, including Tyre, Logistics, Electronics, FMCG, Renewable Energy, Durables, Chemicals, and F&B.
Rapid Fleet Management is an ISO 9001:2015 certified company, committed to providing efficient and technology-driven logistics solutions. The company has also developed its own mobile application to enhance operational efficiency, enabling real-time tracking, e-bidding, portal-enabled RFQ processes, e-POD uploading, and customer TMS management.
With a strong focus on customer satisfaction, the company offers a range of logistics services, including Full and Partial Load Services. Backed by 68 employees, Rapid Fleet Management has consistently expanded its operations by leveraging cutting-edge technology and professional expertise, ensuring timely and reliable transportation solutions for its clients.
Rapid Fleet IPO Prospectus
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Rapid Fleet IPO Overview
| IPO Details | Information |
|---|---|
| IPO Open Date | March 21, 2025 |
| IPO Close Date | March 25, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹183 – ₹192 per share |
| Total Issue Size | ₹43.87 Crores (23,52,000 shares) |
| Fresh Issue | ₹43.87 Crores (23,52,000 shares) |
| Offer for Sale (OFS) | NIL |
| Issue Type | Book Built Issue |
| Lot Size (Minimum Bid) | 600 shares (₹1,15,200) |
| Retail Investor Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 15% |
| Listing Exchange | NSE SME (NSE Emerge) |
Rapid Fleet IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | March 21, 2025 |
| IPO Closing Date | March 25, 2025 |
| Allotment Finalization | March 26, 2025 |
| Refund Initiation | March 27, 2025 |
| Demat Account Credit | March 27, 2025 |
| Expected Listing Date | March 28, 2025 |
Rapid Fleet IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,15,200 |
| Retail Maximum | 1 | 600 | ₹1,15,200 |
| S-HNI Minimum | 2 | 1200 | ₹2,30,400 |
Peer Comparison – Rapid Fleet IPO vs Industry Players
| Company Name | Earnings Per Share (EPS) | Price-to-Earnings (P/E) Ratio | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Total Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Premier Roadlines Ltd. | 7.50 | 16.98 | 31.77% | ₹3,973.69 | ₹228.54 Cr. |
| AVG Logistics Ltd. | 27.34 | 17.72 | 16.35% | ₹20,009.26 | ₹479.76 Cr. |
Objects of the Issue
- Purchase of Vehicles (Goods carriages)
- Working Capital Requirements
- General corporate purposes.
Rapid Fleet IPO Review
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- Capital Market –
- BP Wealth –
- ICICIdirect –
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- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
Rapid Fleet Management IPO – Financial Performance (₹ in Crores)
| Year | Revenue | Expenses | Profit After Tax | Total Assets |
|---|---|---|---|---|
| 2024 (Sep) | ₹87.39 | ₹78.13 | ₹7.01 | ₹101.30 |
| 2024 | ₹116.32 | ₹105.18 | ₹8.07 | ₹70.66 |
| 2023 | ₹106.03 | ₹99.60 | ₹4.71 | ₹71.81 |
| 2022 | ₹114.02 | ₹109.42 | ₹3.40 | ₹75.37 |
Rapid Fleet IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 50.09% |
| Return on Capital (ROCE) | 32.59% |
| Earnings Per Share (EPS) | ₹807.19 (Basic) |
| Price-to-Earnings (P/E) | 11.34 |
| Profit After Tax Margin | 6.98% |
| EBITDA Margin | 14.68% |
| Debt-to-Equity Ratio | 0.74 |
| Net Asset Value (NAV) | ₹2,014.98 |
| Return on Net Worth (RoNW) | 40.06% |
Rapid Fleet IPO – Key Contacts 📞📩
📌 IPO Registrar
📍 Bigshare Services Pvt Ltd
📞 Phone: +91-22-6263 8200
📧 Email: [email protected]
🌐 Website: Bigshare IPO Status
💼 IPO Lead Managers (Merchant Bankers)
🏢 Gretex Corporate Services Limited
📍 Company Address – Rapid Fleet Management
🏢 Rapid Fleet Management Services Limited
📍 Address: New No. 9, Old No. 5 Coral Merchant Street, Chennai – 600001
📞 Phone: 044-25210132
📧 Email: [email protected]
🌐 Website: www.rapidfleet.in
FAQs – Rapid Fleet IPO
When will the Rapid Fleet IPO open and close?
The Rapid Fleet IPO opens on March 21, 2025, and closes on March 25, 2025. Investors can apply within this period.
What is the price band and lot size for the Rapid Fleet IPO?
The price band is set at ₹183 to ₹192 per share. The minimum lot size is 600 shares, requiring an investment of ₹1,15,200 at the lower band.
When will the Rapid Fleet IPO allotment be finalized?
The basis of allotment will be finalized on March 26, 2025. Refunds will be processed on March 27, 2025, and shares will be credited to Demat accounts on the same day.
When will the Rapid Fleet IPO be listed on the stock exchange?
The IPO is set to list on the NSE SME platform on March 28, 2025.
How can I check my IPO allotment status?
Investors can check their IPO allotment status on the Bigshare Services Pvt Ltd website:
Bigshare IPO Status