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Allotment

Rapid Fleet Management Services Limited

Rapid Fleet Management IPO is a book-built issue aggregating to ₹43.87 crore, comprising an entirely fresh issue of 0.23 crore equity shares.

The IPO opened for subscription on March 21, 2025, and closed on March 25, 2025. The basis of allotment was finalized on March 26, 2025, and the equity shares were listed on the NSE SME platform on March 28, 2025.

The price band for the IPO was fixed at ₹192 per share, with a lot size of 600 shares. Retail investors were required to invest a minimum of ₹1,15,200 (600 shares, calculated at the upper price band). For HNI investors, the minimum application size was two lots (1,200 shares), amounting to ₹2,30,400.

Gretex Corporate Services Ltd. acted as the Book Running Lead Manager for the issue, while Bigshare Services Pvt. Ltd. served as the registrar. The market maker for the IPO was MLB Stock Broking Pvt. Ltd.

Rapid Fleet Management Services Limited IPO & Charts
₹192

0%

Open

₹192

HIgh - Low

₹192

Previous Close

₹192

Total Traded Value

0

52 Weeks High

₹192

52 Weeks Low

₹192

Updates On

Mar 15, 2025

IPO. Open

Mar 21, 2026

IPO. Close

Mar 25, 2026

IPO. Price

₹192.00

IPO Market price

₹142.75 Cr

IPO Details

IPO Date 28 Mar
IPO Listing Date 28 Mar
IPO Face Value ₹10 per share
IPO Price Range ₹192.00
IPO Issue Size 22,84,800 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 51,50,000 shares

IPO Timeline

IPO Open Date 21 Mar
IPO Close Date 25 Mar
IPO Allotment (Tentative) 26 Mar
Refunds 27 Mar
Credit to Demat Account 27 Mar
IPO Listing Date 28 Mar

IPO Reservation

Category Offer
QIB Shares Offered 9,31,200 Shares
NII (HNI) Shares Offered 2,79,600 Shares
Retail Shares Offered 6,52,200 Shares

IPO Lot Size

Investors can apply for a minimum of 600 shares and in multiples of 600 shares thereafter.

Application Lots Share Amount
Retail (Min) 1 600 ₹1,15,200
Retail (Max) 1 600 ₹1,15,200
S-HNI (Min) 2 1,200 ₹2,30,400
S-HNI (Max) - - -
B-HNI (Min) - - -
About Company

Rapid Fleet Management Services Limited, incorporated in 2006, specializes in providing end-to-end logistics and road transportation solutions for both B2B and B2C clients.

The company has grown significantly and currently manages a fleet of over 200 vehicles, serving diverse industries including FMCG, automobile, and electronics sectors. To streamline operations, Rapid Fleet Management has developed its own mobile application, enabling 24/7 business operations and ensuring compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.

Services Offered:

Full and Partial Load Services: Efficient and cost-effective transport of goods and raw materials with flexible solutions to meet diverse cargo requirements.

Exim Services: Comprehensive export-import logistics including customs clearance, inland transport, and optimized cross-border delivery solutions.

Renewable Transportation Services: Specialized transport for Wind Turbine Generators (WTG) using extendable telescopic trailers for large blades, reflecting the company’s expansion into the renewable energy sector.

As of August 14, 2024, the company employed 68 personnel.

Competitive Strengths:

Implementation of an integrated Transport Management System (TMS) – Digitify Book

Ownership of in-house vehicle fleet ensuring operational efficiency and safety

PAN India transportation network

Reputation for catering to an esteemed clientele

Adaptive and dynamic approach to market fluctuations

Commitment to high-quality service delivery

-

Company Financials (Consolidated)

Assets 101.3 70.66 71.81
Total Income 87.39 116.32 106.03
Profit After Tax 7.01 8.07 4.71
EBITDA - - -
NET Worth 28.89 20.15 12.08
Reserves and Surplus 23.74 20.05 11.98
Total Borrowing 34.07 14.93 15.79

Key Performance Indicator (KPI)

ROE 50.09%
ROCE 43.11%
Debt/Equity 0.74
RoNW 40.06%
PAT Margin 6.98%
EBITDA Margin -
Price to Book Value 4.76
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 19.12
3 To meet out the General Corporate Purposes; -
4 Offer for Sale (OFS) -

Contact Details

Rapid Fleet Management Services Ltd. Address
New No. 9,
Old No. 5
Coral Merchant Street
Chennai, Tamil Nadu, 600001
044-25210132
info@rapidtransportsystems.in

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Detail Registrar

IPO Registrar

Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html

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