Rapid Mutlimodal Logistics IPO
GMP, Subscription, Price, Dates & Financial Details
Established in July 2020, Rapid Multimodal Logistics Limited, based in Chennai, specializes in delivering comprehensive logistical solutions for its clients, focusing on the B2B sector.The company offers both single-mode and multimodal transportation services, combining road, rail, and sea routes…
Open Date
Thu, 22 Aug 2024
Close Date
Tue, 27 Aug 2024
Issue Price
₹ 84
Lot Size
1600
Issue Size
₹ 8.49 Cr
Minimum Investment
₹ 268,800 (3200 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 Mutlimodal Logistics IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹8 Crore, comprising a fresh issue of 10.11 Lakh equity shares aggregating to ₹8.49 Crore.
The Rapid Mutlimodal Logistics IPO remained open for subscription from August 22, 2024, to August 27, 2024. The basis of allotment was finalized on August 28, 2024, and the company's shares were listed on BSE SME Platform on August 30, 2024.
The company had fixed the price at ₹84 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹268,800 (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 Mutlimodal Logistics Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Rapid Mutlimodal Logistics IPO Timeline (Tentative)
- IPO Open Date
- Thu, 22 Aug 24
- IPO Close Date
- Tue, 27 Aug 24
- Basis of Allotment
- Wed, 28 Aug 24
- Initiation of Refunds
- Thu, 29 Aug 24
- Credit of Shares to Demat
- Thu, 29 Aug 24
- Listing Date
- Fri, 30 Aug 24 — NSE & BSE
Open Date
22 August 2024
Close Date
27 August 2024
Basis Of Allotment
28 August 2024
Listing Date
30 August 2024
IPO Subscription
Check Live Subscription →The Rapid Mutlimodal Logistics IPO has received bids for 0 shares against 0 shares offered, resulting in an overall subscription of 0x. .
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,80,000 shares, representing 47.47% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 4,80,000 shares (47.47%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Market Maker | 51,200 | 5.06% |
| Qualified Institutions | 480,000 | 47.47% |
| Retail Investors | 480,000 | 47.47% |
| Total | 1,011,200 | 100% |
Financials Details(₹ in Crores)
| Particular | 20 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1132.34 | 699.14 | 673.51 | 4.96 |
| Revenue | 3474.05 | 7296.17 | 4774.4 | 0 |
| Profit After Tax | 106.38 | 200.48 | 95.43 | -0.32 |
| Net Worth | 406.58 | 300.59 | 100.11 | 4.68 |
| Reserve & Surplus | 401.58 | 295.59 | 95.11 | -0.32 |
| Total Borrowings | 508.18 | 227.88 | 357.59 | 0 |
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 Mutlimodal Logistics Limited KPI Information
| Particular | KPI As on 30.09.2023 |
|---|---|
| ROE % | 30.43 |
| ROCE % | 32.59 |
| RoNW % | 66.7 |
| Pat Margin % | 2.75 |
Peers Comparison
No Peer Comparision Available
About Rapid Mutlimodal Logistics Limited
Established in July 2020, Rapid Multimodal Logistics Limited, based in Chennai, specializes in delivering comprehensive logistical solutions for its clients, focusing on the B2B sector.
The company offers both single-mode and multimodal transportation services, combining road, rail, and sea routes within a single supply chain to enhance efficiency and meet diverse shipping needs. These services encompass every aspect of logistics, including planning, route optimization, carrier selection, documentation, containerization, shipment tracking, communication, last-mile delivery, and performance analysis.
Rapid Multimodal Logistics Limited serves a wide range of industries, including Glass, Plywood, Paper, Edible Oil, Gypsum Boards, Iron and Steel, Scrap, Tiles, Sanitary Products, and Liquor.
As of January 2024, the company employs 17 staff members.
Peers
1. Chartered Logistics Ltd
2. Shree Vasu Logistics Ltd
Rapid Mutlimodal Logistics IPO Promoters
- Mr. Narayan Agarwal
- Mr. Manoj Goel
- Summit Agarwal
- Ms. Nidhi Agarwal
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
0.00%
Rapid Mutlimodal Logistics IPO Objective
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
- Working Capital Requirements
- General Corporate Purposes.
Rapid Mutlimodal Logistics Limited Address / Contact Details
Rapid Mutlimodal Logistics Limited
New No.44, Old No.78
Shrofforchards
Chennai - 600010
Phone: +91 044264 40181
Email: info@rapidlogistics.in
Website: http://www.rapidlogistics.in
IPO Snapshot
Rapid Mutlimodal Logistics IPO Lot Size
The Rapid Mutlimodal Logistics IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,34,400 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,34,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 134,400.00 |
| Retail (Max) | 1 | 1,600 | 134,400.00 |
| S-HNI (Min) | 2 | 3,200 | 268,800.00 |
Issue Reservation
- Market Maker — 5.06%
- QIB — 47.47%
- RII — 47.47%
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 Mutlimodal Logistics IPO?
Rapid Mutlimodal Logistics IPO is a Fixed price IPO with a total issue size of ₹8.49 crore. The Rapid Mutlimodal Logistics IPO price band is ₹84 to 84 per share. The Rapid Mutlimodal Logistics IPO subscription opens on Thu, Aug 22, 2024, and closes on Tue, Aug 27, 2024. The Rapid Mutlimodal Logistics IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Rapid Mutlimodal Logistics IPO.
When will the Rapid Mutlimodal Logistics IPO open for subscription?
The Rapid Mutlimodal Logistics IPO opens on Thu, Aug 22, 2024 and closes on Tue, Aug 27, 2024
What is Rapid Mutlimodal Logistics IPO Price Band?
Rapid Mutlimodal Logistics IPO Price Band is ₹84 to 84 per share.
What is Rapid Mutlimodal Logistics IPO Lot Size?
Rapid Mutlimodal Logistics IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
What is the minimum investment for Rapid Mutlimodal Logistics IPO?
The minimum investment for Rapid Mutlimodal Logistics IPO is ₹268800, based on one lot of 1600 shares at the upper price band of ₹84 per share.
How to apply for Rapid Mutlimodal Logistics IPO?
Investors can apply for the Rapid Mutlimodal Logistics 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, Aug 27, 2024. The application amount remains blocked until the Rapid Mutlimodal Logistics IPO allotment is finalized.
What is Rapid Mutlimodal Logistics IPO Issue Size?
Rapid Mutlimodal Logistics IPO issue size is ₹8.49 crores.
What is the Rapid Mutlimodal Logistics IPO Allotment Date?
Rapid Mutlimodal Logistics IPO allotment date is Wed, Aug 28, 2024.
Who is the Rapid Mutlimodal Logistics IPO Registrar?
The registrar for Rapid Mutlimodal Logistics IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Rapid Mutlimodal Logistics IPO allotment status, refund processing, and other IPO-related information.
What is the Rapid Mutlimodal Logistics IPO GMP?
The Rapid Mutlimodal Logistics IPO GMP (Grey Market Premium) is ₹0 as of Fri, Aug 23, 2024. Based on the upper price band of ₹84 per share, the estimated Rapid Mutlimodal Logistics IPO listing price is ₹84, indicating a potential listing gain of approximately 0.00% over the issue price.
Who is the Rapid Mutlimodal Logistics IPO Lead Manager?
The book-running lead managers (BRLMs) for the Rapid Mutlimodal Logistics IPO are . 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 Mutlimodal Logistics IPO Red Herring Prospectus (RHP).