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Rapid Fleet Management Services Ltd IPO

The Company is a Chennai based company who provides road transportation logistics services tailored to the diverse needs of its B2B and B2C clientele. Its process begins with order booking, followed by route planning to optimize efficiency. Each shipment is carefully matched with an appropriate vehicle, factoring in cargo specifics for safe transit. Whether loading from designated stops or its warehouse, our team ensures goods are secured for the journey ahead. Utilizing GPS, FASTTAG SIM TRACKING navigation systems, we track and monitor every movement, providing real-time updates. Upon arrival at the destination, our unloading procedures guarantee safe delivery.

Rapid Fleet Management Services Ltd IPO Details

Total Shares Offered

₹ 22,84,800

Offer to Public

TBA

Retail Max (Shares)

₹ 6,52,050

Pre Issue Promoters Holding

₹ 50,21,500

Exchange

NSE

Issue size

₹ 43.87 Cr

IPO Open Date

Mar 21, 2025

Close Date

Mar 25, 2025

Lot Size

600

Min Investment

₹ 1,09,800

Issue Type

Book Building - SME

Listing Date

Mar 28, 2025

Rapid Fleet Management Services Ltd IPO Dates

Mar 21, 2025

Opening date

Mar 25, 2025

Closing date

Mar 26, 2025

Basis of Allotment

Mar 27, 2025

Initiation of Refunds

Mar 27, 2025

Credit of Shares

Mar 28, 2025

Listing date

Details

Sector	Type
Sector	Miscellaneous
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	0.43x	931500	399000
NII	5.89x	279450	1645200
Retail	0.81x	652050	531000
Employee	0x	0	0
Total	1.13x	2284800	2575200

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

0.43x

5.89x

0.81x

1.13x

931500

279450

652050

2284800

399000

1645200

531000

2575200

Rapid Fleet Management Services Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	21.14	16.53	11.18
EBITDA	28.72	22.07	16.03
PAT	10.28	8.07	4.71
Total Assets	82.72	39.03	44.55
Share Capital	7.43	0.10	0.10
Total Borrowings	33.26	19.97	22.31
Operating Activities (Net Cash)	17.86	13.61	9.56
Investing Activities (Net Cash)	0.00	4.70	2.90
Financing Activities (Net Cash)	33.26	19.97	22.31
Net Cashflow	40.52	5.62	10.64

About Rapid Fleet Management Services Ltd

Rapid Fleet Management Services Limited was originally incorporated on December 26, 2017 as a Private Limited Company in the name of Rapid Fleet Management Services Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on July 06, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to `Rapid Fleet Management Services Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on August 30, 2023 by the Registrar of Companies, Chennai.

The Indian logistics industry is growing, due to a flourishing e-commerce market and technological advancement. The logistics sector in India is predicted to account for 14.4% of the GDP. The industry has progressed from a transportation and storage-focused activity to a specialised function that now encompasses end-to-end product planning and management, value-added services for last-mile delivery, predictive planning, and analytics, among other things. One of the key drivers of this expansion is projected to be the rise of India's logistics industry, which employs 22 million people and serves as the backbone for various businesses. The logistics sector in India was valued at US$ 250 billion in 2021, with the market predicted to increase to an astounding US$ 380 billion by 2025, at a healthy 10%-12% year-on-year growth rate. Moreover, the government is planning to reduce the logistics and supply chain cost in India from 13-14% to 10% of the GDP as per industry standards.

Peer Comparison:

Premier Roadlines Ltd
AVG Logistics Ltd

Rapid Fleet Management Services Ltd Key Points

Strengths

Implementation of an integrated TMS - Digitify Book.

In house Vehicle Fleet and its Safety for smooth operations and delivery.

Supply Chain Efficiency.

PAN India Transport.

Pride in catering to an esteemed clientele.

Risk

The company business is dependent on the road network and its ability to utilize the company vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/ or profitability.

The company business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the company business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Strategy

Accelerating Efficiency with Tomorrow's Technology.

Geographic Expansion and Diversification across PAN India.

Continuous Improvement and Innovation Through Digital Transformation.

Customer Focus.

How To Apply for Rapid Fleet Management Services Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rapid Fleet Management Services Ltd IPO?

Rapid Fleet Management Services Ltd's IPO offers shares for up to 43.87 It begins on Mar 21, 2025 and ends on Mar 25, 2025.

What is the price of the Rapid Fleet Management Services Ltd IPO?

The price of Rapid Fleet Management Services Ltd IPO ranges between ₹183 to ₹192 per share.

What are the open and close dates for the Rapid Fleet Management Services Ltd IPO?

The Rapid Fleet Management Services Ltd IPO opens on Mar 21, 2025 and closes on Mar 25, 2025.

When will the Rapid Fleet Management Services Ltd IPO be allotted?

The allotment for the Rapid Fleet Management Services Ltd IPO will be finalised on Mar 26, 2025. The shares will be listed on BSE and NSE on Mar 28, 2025.

What is the minimum lot size required for Rapid Fleet Management Services Ltd IPO?

The minimum lot size for Rapid Fleet Management Services Ltd IPO is 600 shares, priced between ₹183 to ₹192 per share.

What is the GMP of Rapid Fleet Management Services Ltd IPO?

The GMP (Grey Market Premium) of Rapid Fleet Management Services Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rapid Fleet Management Services Ltd IPO?

To check the allotment status of Rapid Fleet Management Services Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rapid Fleet Management Services Ltd IPO getting listed?

The Rapid Fleet Management Services Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 21, 2025, and closes on Mar 25, 2025. The allotment is finalised on Mar 26, 2025.

How do you apply for the Rapid Fleet Management Services Ltd IPO?

To apply for the Rapid Fleet Management Services Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.