Rapid Fleet IPO Details
The key details of Rapid Fleet’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹43.87 Cr |
| Price Range | ₹183 - ₹192 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 600 |
| Investment (cut-off price) | ₹1,15,200 |
| Pre IPO Promotor Holding | 97.50% |
| Post IPO Promotor Holding | 67.54% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Rapid Fleet IPO Timelines
The IPO process for Rapid Fleet includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
21/03/2025
Start Date25/03/2025
End Date27/03/2025
Refund Initiation27/03/2025
Credit of Shares to Demat Ac28/03/2025
Listing DateRapid Fleet IPO Lot Size
The Rapid Fleet IPO has a fixed lot size of 600 shares, at an upper price band of ₹192 per share, requiring ₹115,200 per lot for retail investors. For HNI investors, the minimum application is 1,200 shares (2 lots) amounting to ₹230,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,15,200 |
| Retail Maximum | 1 | 600 | ₹1,15,200 |
| HNI Minimum | 2 | 1200 | ₹2,30,400 |
Rapid Fleet IPO Subscription Status
The subscription status for Rapid Fleet IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.07x | 4.38x | 0.80x | -- | 1.65x |
IPO Performance on Listing Day
On the listing day (March 28, 2025), Rapid Fleet Management Services made a modest debut on the stock exchange. The stock opened at ₹195, registering a small premium of 1.6% over its issue price of ₹192. Throughout the trading session, the stock showed steady upward momentum, climbing to a high of ₹203.75 while maintaining support at its opening price. The shares concluded their first trading day at ₹200.50, securing a solid gain of 4.4% over the issue price, indicating stable investor interest in this fleet management solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹195.00 | ₹200.50 | ₹203.75 | ₹195.00 |
Rapid Fleet IPO Company Financials
Rapid Fleet IPO reports robust performance in FY2024 with Total Income of ₹116.32 crores, managing expenses at ₹105.18 crores, and achieving a strong PAT (Profit After Tax) of ₹8.07 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹114.02 | ₹109.42 | ₹3.40 |
| FY 2023 | ₹106.03 | ₹99.60 | ₹4.71 |
| FY 2024 | ₹116.32 | ₹105.18 | ₹8.07 |
| FY 2025 (6 M) | ₹87.39 | ₹78.13 | ₹7.01 |
About Company
Rapid Fleet Management Services Limited, founded in 2006, is a prominent logistics and road transportation provider serving both B2B and B2C clients. Based in Chennai, the company owns 174 trucks, catering to various industries such as Tyre, Logistics, Electronics, FMCG, Renewable, Durables, FNB, and Chemicals. With a strong focus on customer satisfaction, the company offers tailored solutions to meet the specific needs of each client. Their services include Full and Partial Load options, ensuring a broad range of cargo requirements are met. As of August 14, 2024, Rapid Fleet employs 68 staff members, demonstrating its commitment to efficient and reliable service.
The company is ISO 9001:2015 certified and has continuously worked to enhance its services through technological innovations. One of its key developments is the creation of its own Mobile App, which supports seamless operations and business processes 24/7. This app facilitates key activities such as E-bidding, portal-enabled RFQ processes, E-POD uploading, portal invoicing, and Customer TMS management. These digital advancements ensure that Rapid Fleet Management stays ahead in compliance and service delivery, streamlining operations and enhancing customer experience.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2017 | Logistics | Anand Poddar |
Know Before Investing
Rapid Fleet IPO Strengths
- Rapid Fleet Management Services is ahead of its contemporaries in adopting and implementing tech-enabled processes, which enhances operational efficiency and customer satisfaction.
- The company serves a wide range of prestigious clients, including Coca-Cola, Pepsi, Michelin Tyres, Samsung, and Aditya Birla Group, indicating a strong and stable customer base.
- Rapid Fleet offers a full spectrum of logistics services, including full or partial load transport, bonded storage, and packaging, which can attract clients seeking integrated solutions.
- The company’s innovative BiModel Services integrate road and rail transport, offering a sustainable and cost-effective solution that optimizes logistics efficiency.
- The company operates with a significant fleet of over 200 vehicles, supported by a network of attached vehicles, ensuring reliable and extensive coverage.
- Rapid Fleet focuses on client compliance and customer satisfaction, aligning its processes with client needs to ensure high service standards.
- The company emphasizes sustainability through eco-friendly technologies and fuel-efficient route optimization, contributing to a greener environment while maintaining service standards.
Rapid Fleet IPO Risks
- Rapid Fleet Management Services may rely heavily on a few key clients, which poses a risk if any of these clients reduce their business or switch to competitors.
- The logistics industry is susceptible to operational risks such as vehicle breakdowns, accidents, and logistical errors, which can impact service quality and profitability.
- Changes in transportation regulations or policies can increase operational costs and compliance requirements, affecting profitability.
- Fluctuations in fuel prices can significantly impact operational costs, as logistics companies often have limited ability to pass these costs on to customers.
- The need to adopt new technologies for efficiency and compliance can be costly and may require significant investment in training and infrastructure.
- Geopolitical tensions can disrupt supply chains, impacting the company’s ability to maintain consistent operations and profitability.
- Economic downturns can reduce demand for logistics services, impacting revenue and profitability.
Swot Analysis for Rapid Fleet IPO
Strengths
Advanced analytics, Comprehensive services, Strong reputation
Weaknesses
High initial costs, Internet dependency, Limited brand recognition
Opportunities
Global demand growth, International expansion, Value-added services
Threats
Intense competition, Technological risks, Cybersecurity threats
Company Details
Rapid Fleet Management Services Limited
New No. 9,Old No. 5 Coral Merchant Street, Chennai – 600001,Tamil Nadu-India
Phone: 044-25210132
Email: [email protected]
Website: http://www.rapidfleet.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Rapid Fleet IPO are:
- Purchase of Vehicles (Goods carriages)
- Working Capital Requirements
- General Corporate Purposes
Gretex Corporate Services Limited is the book-running lead managers for the Rapid Fleet IPO.
Rapid Fleet Management’s growth potential is supported by its financial performance, with revenue growth from ₹113.70 crore in FY 2022 to ₹115.59 crore in FY 2024, and a significant increase in net income from ₹3.40 crore to ₹8.07 crore over the same period. The company’s growth strategy involves leveraging its ISO 9001:2015 certification and a mobile app for efficient logistics services, which could enhance customer satisfaction and expand its client base. However, risk factors include a high debt-to-equity ratio in earlier years, though it has decreased significantly to 0.74 by FY 2024.
The issue price for the Rapid Fleet IPO is set between ₹183 and ₹192 per share.
To invest in one lot of Rapid Fleet IPO, you need ₹1,09,800 at the lower price band (₹183 per share) or ₹1,15,200 at the upper price band (₹192 per share) for a lot size of 600 shares.
Rapid Fleet IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on March 28, 2025.
Refund/unblocking of funds for Rapid Fleet IPO will begin on March 27, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Rapid Fleet IPO shares on listing day (March 28, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.