IPO Issue Details
Issue Price / Price Band₹192 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size22,84,800 shares (aggregating up to ₹43.87 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 21 Mar 2025
Subscription CloseTue, 25 Mar 2025
Anchor AllotmentThu, 20 Mar 2025
Basis of AllotmentWed, 26 Mar 2025
Initiation of RefundsThu, 27 Mar 2025
Credit of Shares to DematThu, 27 Mar 2025
Listing DateFri, 28 Mar 2025
UPI Mandate Deadline2025-03-25
Application & Investment Details
Retail — Min (1 Lots)₹1,15,200 — 600 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (2 Lots)₹2,30,400 — 1200 shares
EPS (Pre-IPO)₹15.67
EPS (Post-IPO)₹10.86
P/E Ratio (Pre-IPO)12.25x
P/E Ratio (Post-IPO)17.68x
Net Offer to Public18,63,000 shares (aggregating up to ₹35.77 Cr)
Reserved for Market Maker4,21,800 shares (aggregating up to ₹8.10 Cr)
Pre-IPO Promoter Holding51,50,000 shares
Post-IPO Promoter Holding74,34,800 shares
About Rapid Fleet Management Services Ltd
Incorporated in 2006, Rapid Fleet Management Services Limited is specializes in providing comprehensive logistics and road transportation services tailored to both B2B and B2C clients.The company has expanded its operations significantly, currently managing a fleet of over 200 vehicles. They serve a diverse range of industries, including FMCG, automobile, and electronics sectors.The company developed its own mobile app to streamline business processes, ensuring 24/7 operations. It focuses on client compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.Services:Full or Partial Load: The company offers Full and Partial Load services, ensuring efficient, cost-effective transport of goods and raw materials. It supports seamless logistics, timely deliveries, and flexible solutions for diverse cargo needs.Exim Services: The company provides comprehensive Exim services, handling efficient customs clearance, optimized logistics, and cross-border transactions. It specializes in inland transport, connecting ports, production facilities, and ensuring timely delivery of goods.Renewable Transportation Services: The company has expanded into the renewable energy logistics sector, specializing in transporting Wind Turbine Generators (WTG). It invested in extendable telescopic trailers to efficiently move large wind turbine blades.As of August 14, 2024, the company has 68 employees on payroll.Competitive Strengths:Implementation of an integrated TMS - Digitify BookIn house Vehicle Fleet and its Safety for smooth operations and deliveryPAN India TransportPride in catering to an esteemed clienteleDynamic Approach to Market FluctuationsNot compromising Quality Services
Objects of the Issue
Rapid Fleet Management Services Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Purchase of Vehicles (Goods carriages)
13.00
2
Working Capital Requirements
19.12
3
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
51,50,000 shares
Post-IPO Promoter Holding
74,34,800 shares