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Rapid Fleet IPO

Open Sme
NSE 21 March - 25 March 2025
Rapid Fleet Management Services Limited IPO is a book build issue of 43.87 Cr. The issue is entirely a fresh issue of 2284800 shares aggregating to 43.87 Cr. Rapid Fleet Management Services Limited IPO opened for subscription on Mar 21, 2025 and closed on Mar 25, 2025. The allotment for the this IPO was finalized on Mar 26, 2025. IPO was listed on NSE and BSE on Mar 28, 2025. Rapid Fleet Management Services Limited IPO is set issue price band at ₹183 to ₹192 per share.

Current GMP

₹0 (0.00%)

Price Band

₹ 183 – 192

Lot Size

600

Issue Size

₹43.87 Cr

Minimum Investment

₹230400 (1200 Shares)

Listing Date

28 March 2025

Subscription

1.97x

About the Company

Rapid Fleet Management Services Limited is a Chennai-based logistics company that provides road transportation services tailored to the needs of both B2B and B2C clients. The company owns a fleet of 226 vehicles, which it uses to provide efficient and reliable transportation solutions across various industries, including Tyres, Logistics, Electronics, FMCG, Renewable Energy, and Chemicals.

The company operates with a focus on process optimization, ensuring safe and efficient shipment handling from order booking to delivery. Their operations include route planning, GPS tracking, and real-time updates through advanced navigation systems. They also emphasize secure loading and unloading procedures to ensure the safety of goods during transit.

Rapid Fleet Management Services is ISO 9001:2015 certified and uses a proprietary mobile app and Transport Management System (TMS) called Digitify. This system integrates various operations such as order management, vendor management, and freight operations, driving operational efficiency and real-time monitoring of performance. Digitify also helps improve transparency and collaboration by unifying all stakeholders – including the company's team, suppliers, truck owners, and drivers – on a single platform.

The company's mission is to offer transparent, efficient, and predictable logistics services. Its vision is to be a tech-driven leader in the logistics industry, constantly adopting the latest upgrades for customer satisfaction. Rapid Fleet Management Services prides itself on its adaptability and reliability in meeting clients' transportation needs.

Key Services Offered:

  1. Full or Partial Load: The company offers flexible full and partial load services, optimizing resource use and ensuring timely deliveries for various cargo types. This includes both primary and secondary transportation operations, from raw material transport to distribution from warehouses.
  2. Exim Services: Specializing in inland transportation for export and import operations, the company ensures smooth customs clearance and adherence to international regulations. It focuses on optimizing global supply chains and reducing delays for cross-border trade.
  3. Renewable Transportation Services: Rapid Fleet Management Services has expanded into the renewable energy sector, focusing on the logistics of Wind Turbine Generators (WTGs). They use specialized telescopic trailers for the transportation of wind blades, capitalizing on the growing demand in Tamil Nadu, a key producer of wind turbine components.

Rapid Fleet Management Services is dedicated to continuously evolving its logistics solutions and providing custom-tailored services to meet diverse business requirements.

Promoters

  1. Mr. Anand Poddar
  2. Ms. Shruti Poddar
Promoters Holding

Holding Pre Issue

97.50%

Holding Post Issue

67.54%

Objects of the Issue

Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

  1. Purchase of Vehicles (Goods Carriages)
  2. Working Capital Requirements
  3. General Corporate Purposes

Address / Contact Info

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: http://www.rapidfleet.in/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 183 – 192
Lot Size600
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 43.87 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 43.87 Cr
Listing AtNSE
Industry
Sector
QIB Quota28.59%
Retail Quota49.99%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Rapid Fleet IPO is a Book-building IPO worth ₹43.87 crores. The price band is ₹183 to 192 per share. The IPO opens on Fri, Mar 21, 2025 and closes on Tue, Mar 25, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Rapid Fleet IPO opens on Fri, Mar 21, 2025 and closes on Tue, Mar 25, 2025

Rapid Fleet IPO Price Band is ₹183 to 192.

Rapid Fleet IPO lot size is 600, and the minimum amount required for application is ₹230400.

The minimum investment for Rapid Fleet IPO is approximately ₹230400 based on the upper price band.

To apply for the Rapid Fleet IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Mar 25, 2025. After submission, funds are blocked until the basis of allotment of Rapid Fleet IPO is finalised.

Rapid Fleet IPO issue size is ₹43.87 crores.

Rapid Fleet IPO allotment date is Sat, Jun 27, 2026.

The registrar for Rapid Fleet IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Rapid Fleet IPO through their official website or helpline.