Rapid Fleet IPO
Open SmeCurrent 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:
- 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.
- 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.
- 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
- Mr. Anand Poddar
- 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”):
- Purchase of Vehicles (Goods Carriages)
- Working Capital Requirements
- 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
IPO Timeline (Tentative)
IPO Open Date
Friday, 21 March 2025
IPO Close Date
Tuesday, 25 March 2025
Basis of Allotment
Wednesday, 26 March 2025
Initiation of Refunds
Thursday, 27 March 2025
Credit of Shares to Demat
Thursday, 27 March 2025
Listing Date
Friday, 28 March 2025 — NSE & BSE
Important Dates
Open Date
21 March 2025
Close Date
25 March 2025
Basis Of Allotment
26 March 2025
Listing Date
28 March 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 23.74 | 20.05 | 11.98 | 7.31 |
| Total Borrowings | 34.07 | 14.93 | 15.79 | 27.43 |
EPS Pre
15.67%
EPS Post
10.86%
P/E Pre
12.25
P/E (Post Issue)
17.68x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 50.09 |
| ROCE % | 43.11 |
| Debt / Equity | 0.74 |
| RoNW % | 40.06 |
| PbW | 0 |
| Pat Margin % | 6.98 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 372900 | 28.59 | 0 |
| Non-Institutional | 279450 | 21.42 | 0 |
| Retail Investors | 652050 | 49.99 | 0 |
| Total | 1304400 | 100 | 0 |
Subscription Status ( Tue, 25 Mar 25 11:35 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 372900 | 399000 | 1.07x |
| Non-Institutional | 279450 | 1645200 | 5.89x |
| Retail Investors | 652050 | 529800 | 0.81x |
| Total | 1304400 | 2574000 | 1.97x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 115,200.00 |
| Retail (Max) | 1 | 600 | 115,200.00 |
| S-HNI (Min) | 2 | 1,200 | 230,400.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
RHP Document
DRHP Document
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.