Allotment

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.
₹1920%
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| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | 9,31,200 Shares |
| NII (HNI) Shares Offered | 2,79,600 Shares |
| Retail Shares Offered | 6,52,200 Shares |
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) | - | - | - |
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
| 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 |
| 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 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) | - |
Rapid Fleet Management Services Ltd. Address
New No. 9,
Old No. 5
Coral Merchant Street
Chennai, Tamil Nadu, 600001
044-25210132
info@rapidtransportsystems.in
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html