Rapid Fleet IPO Details
The Rapid Fleet IPO is a book build issue with a total issue size of ₹43.87 cr, comprising of fresh issue of 2284800 equity shares. Rapid Fleet IPO opened for subscription on Mar 21, 2025 and closed on Mar 25, 2025. Rapid Fleet IPO is set price band at ₹183 to ₹192 per share, with a lot size of 600 shares. Minimum investment for Retail investors was ₹230,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Mar 26, 2025, and listed on the NSE on Mar 28, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Gretex Corporate Services Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Rapid Fleet IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 183 – 192
- Lot Size
- 600
- Issue Size
- ₹43.87 Cr
- Minimum Investment
- ₹230400 (1200 Shares)
- Listing Date
- 28 March 2025
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
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 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.
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 per share.
Rapid Fleet IPO lot size is 600 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
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.
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.
Rapid Fleet IPO issue size is ₹43.87 crores.
Rapid Fleet IPO allotment date is Wed, Jul 1, 2026.
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.