Rapid Fleet Management Limited IPO is fully book build issue and total IPO size is ₹43.87 crores . The total offering consists of 2284800 shares.
The subscription period for the Rapid Fleet Management IPO starts on March 21, 2025, and ends on March 25, 2025. The allotment process is expected to be finalized by March 26, 2025.
The Rapid Fleet Management IPO is scheduled to list on NSE Emerge, with a listing date of March 28, 2025. The price band for the Rapid Fleet Management IPO is ₹183 to ₹192 Per Share.
Registrar for this IPO is Bigshare Services Private Limited and lead managers for Rapid Fleet Management IPO are Gretex Corporate Services Limited.
IPO Schedule
| IPO Open Date | Friday, 21 Mar, 2025 |
|---|---|
| IPO Close Date | Tuesday, 25 Mar, 2025 |
| IPO Allotment Date | Wednesday, 26 Mar, 2025 |
| Refund Initiation | Thursday, 27 Mar, 2025 |
| Share credit in Demat | Thursday, 27 Mar, 2025 |
| Listing Date | Friday, 28 Mar, 2025 |
Key Details
| Price Band | ₹183 to ₹192 Per Share |
|---|---|
| Lot Size | 600 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹43.87 Crores |
| Fresh Issue | ₹43.87 Crores |
| Issue Type | Fresh Issue |
| Listing At | NSE Emerge |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 115,200 |
| Retail (Max) | 1 | 600 | 115,200 |
| S-HNI (Min) | 2 | 1200 | 230,400 |
| S-HNI (Max) | 8 | 4800 | 921,600 |
About Rapid Fleet Management Limited Company
Rapid Fleet Management Services Limited is a Chennai-based logistics company providing tailored services to B2B and B2C clients. We specialize in road transportation, offering comprehensive solutions from order booking and route planning to real-time tracking via GPS and FAST-TAG SIM TRACKING navigation systems, ensuring safe and timely delivery.
Our services include Full or Partial Load, Exim Services connecting ports to production facilities, and Renewable Transportation Services, including specialized logistics for Wind Turbine Generators. We operate our own fleet of 226 vehicles, offering a reliable and adaptable service to diverse industries like Tyre, Logistics, Electronics, FMCG, and more.
We leverage technology such as our mobile app and Digitify, an advanced Transport Management System (TMS), to enhance operational efficiency. Digitify streamlines processes, integrates stakeholders, and provides real-time monitoring and analytics. Our commitment extends to maintaining high safety standards and aligning with customer-designed processes. For the six months period ended September 30, 2024, we generated a total revenue of ₹85.02 crore.
Rapid Fleet Management Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1012.99 | 706.62 | 718.13 | 753.71 |
| Revenue | 850.26 | 1155.86 | 1055.23 | 1136.99 |
| Profit After Tax | 70.13 | 80.72 | 47.13 | 33.96 |
| Net Worth | 28.89 | 21.05 | 12.08 | 7.41 |
| Reserves and Surplus | 23.74 | 20.05 | 11.98 | 7.31 |
| Total Borrowing | 340.65 | 149.32 | 157.88 | 274.30 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 16.14 | 40.06% | 40.30 | 50.09% | 32.59% |
Offer Objectives
The company is launching a fresh issue of up to 22,84,800 Equity Shares. The net proceeds from this fresh issue will be utilized for several key objectives.
Use of Proceeds:
- Purchase of Vehicles: The company plans to invest ₹13.00 crore for purchasing 9 extendable telescopic trailers (TT) and 8 trucks for port operations.
- Working Capital Requirements: ₹19.12 crore will be allocated to meet the increasing working capital needs, projected at ₹36.78 crore for FY 2025-26. The remaining portion will be financed through internal accruals.
- General Corporate Purposes: A portion, not exceeding 15% of the gross proceeds or ₹10 crore (whichever is lower), is earmarked for general corporate purposes. This amount is subject to finalization based on the issue price.
The company aims to expand its logistics services, especially in the renewable energy sector, and improve operational efficiency by reducing reliance on third-party fleets. The issue will also help in enhancing the visibility of our brand and our Company among our existing and potential customers.
The company confirms compliance with SEBI (ICDR) Regulations, ensuring at least 75% of the stated means of finance (excluding net proceeds and internal accruals) are arranged through verifiable means.
The fund requirements are based on internal management estimates and are subject to change based on external conditions.
Company Details
Address:
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 Registrar Details
Bigshare Services Private Limited
Phone: +91 22 6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
