Rapid Fleet IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 21 Mar 2025
Close Date
Tue, 25 Mar 2025
Price Band
₹ 183 – 192
Lot Size
600
Issue Size
₹ 43.87 Cr
Minimum Investment
₹ 230,400 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Rapid Fleet IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹43.87 Crore, comprising a fresh issue of 22.85 Lakh equity shares aggregating to ₹43.87 Crore.
The Rapid Fleet IPO remained open for subscription from March 21, 2025, to March 25, 2025. The basis of allotment was finalized on March 26, 2025, and the company's shares were listed on NSE SME Platform on March 28, 2025.
The company had fixed the price band at ₹183 to ₹192 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹230,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Gretex Corporate Services Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Rapid Fleet Management Services Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Rapid Fleet IPO Timeline (Tentative)
- IPO Open Date
- Fri, 21 Mar 25
- IPO Close Date
- Tue, 25 Mar 25
- Basis of Allotment
- Wed, 26 Mar 25
- Initiation of Refunds
- Thu, 27 Mar 25
- Credit of Shares to Demat
- Thu, 27 Mar 25
- Listing Date
- Fri, 28 Mar 25 — NSE & BSE
Open Date
21 March 2025
Close Date
25 March 2025
Basis Of Allotment
26 March 2025
Listing Date
28 March 2025
IPO Subscription
Check Live Subscription →The Rapid Fleet IPO has received bids for 25,74,000 shares against 13,04,400 shares offered, resulting in an overall subscription of 1.97x. the NII category is subscribed 5.89x, Retail Investors 0.81x, and QIBs 1.07x.
QIB
1.07x
NII
5.89x
RII
0.81x
Total
1.97x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,52,050 shares, representing 49.99% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,72,900 shares (28.59%), while Non-Institutional Investors (NIIs) receive 2,79,450 shares (21.42%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 372,900 | 28.59% |
| Non-Institutional | 279,450 | 21.42% |
| Retail Investors | 652,050 | 49.99% |
| Total | 1,304,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Rapid Fleet Management Services Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 50.09 |
| ROCE % | 43.11 |
| Debt / Equity | 0.74 |
| RoNW % | 40.06 |
| Pat Margin % | 6.98 |
Peers Comparison
No Peer Comparision Available
About Rapid Fleet Management Services Limited
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.
Rapid Fleet IPO Promoters
- Mr. Anand Poddar
- Ms. Shruti Poddar
Promoters Holding
Holding Pre Issue
97.50%
Holding Post Issue
67.54%
Rapid Fleet IPO Objective
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
Rapid Fleet Management Services Limited Address / 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: http://www.rapidfleet.in/
IPO Snapshot
Rapid Fleet IPO Lot Size
The Rapid Fleet IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹1,15,200 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 1 lots (600 shares), requiring an investment of ₹1,15,200.
| 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 |
Issue Reservation
- QIB — 28.59%
- NII — 21.42%
- RII — 49.99%
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Rapid Fleet IPO?
Rapid Fleet IPO is a Book-building IPO with a total issue size of ₹43.87 crore. The Rapid Fleet IPO price band is ₹183 to 192 per share. The Rapid Fleet IPO subscription opens on Fri, Mar 21, 2025, and closes on Tue, Mar 25, 2025. The Rapid Fleet IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Rapid Fleet IPO.
When will the Rapid Fleet IPO open for subscription?
The Rapid Fleet IPO opens on Fri, Mar 21, 2025 and closes on Tue, Mar 25, 2025
What is Rapid Fleet IPO Price Band?
Rapid Fleet IPO Price Band is ₹183 to 192 per share.
What is Rapid Fleet IPO Lot Size?
Rapid Fleet IPO lot size is 600 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
What is the minimum investment for Rapid Fleet IPO?
The minimum investment for Rapid Fleet IPO is ₹230400, based on one lot of 600 shares at the upper price band of ₹192 per share.
How to apply for Rapid Fleet IPO?
Investors can apply for the Rapid Fleet IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Mar 25, 2025. The application amount remains blocked until the Rapid Fleet IPO allotment is finalized.
What is Rapid Fleet IPO Issue Size?
Rapid Fleet IPO issue size is ₹43.87 crores.
What is the Rapid Fleet IPO Allotment Date?
Rapid Fleet IPO allotment date is Wed, Mar 26, 2025.
Who is the Rapid Fleet IPO Registrar?
The registrar for Rapid Fleet IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Rapid Fleet IPO allotment status, refund processing, and other IPO-related information.
Who is the Rapid Fleet IPO Lead Manager?
The book-running lead managers (BRLMs) for the Rapid Fleet IPO are Gretex Corporate Services Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Rapid Fleet IPO Red Herring Prospectus (RHP).