Rapid Multimodal Logistics Ltd IPO

Rapid Multimodal Logistics Limited was incorporated as a Private Limited Company on July 04, 2020, as Rapid Multimodal Logistics Private Limited Vide Registration No. 136171 and Certificate of Incorporation Dated July 04, 2020, Under the Provisions of The Companies Act, 2013 Issued by 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 October 14, 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 Multimodal Logistics Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on November 06, 2023 by the Registrar of Companies, Chennai. The Corporate Identification Number of the Company Is U63030TN2020PLC136171.

The Indian logistics industry includes all inbound and outbound components of the manufacturing and service supply chains. Significant factors that will increase the demand for India's logistics sector include the country's anticipated GDP growth of US$ 26 trillion by fiscal year 2048 (US$ 6 trillion by 2030) and its objective to accelerate merchandise exports to US$ 1 trillion by 2030. This would open a huge opportunity for India's transport and logistics sector, which is expected to increase at a CAGR of 4.5% from 2022 to 2050, reaching 15.6 trillion tonnes kilometres. The Indian transport and logistics business is expected to be around Rs. 13-16 lakh crore (US$ 156.18-192.23 billion) in 2022. By 2030, India wants to lower its logistics expenditures from 13-14% of GDP to 8-10% of the GDP. It is projected that a 10% reduction in indirect logistics costs is expected to result in a 5% to 8% increase in exports. According to the Logistics Performance Index (LPI) of the World Bank, India has climbed six positions to reach the position of 38th rank out of 139 nations. The improvement is attributed to a variety of factors, including technological advancement, data-driven decisionmaking, and legislative initiatives targeted at promoting world-class infrastructure. The National Logistics Policy (NLP) and the PM Gati Shakti programme are significant overarching policy moves taken by the central government in this area to deliver outcomes by 2024-25.

Rapid Multimodal Logistics Limited is a Chennai based company engaged in the business of providing one-stop logistical solution to its clients. The Company caters to the B2B segment of the industry. It provides an end-to-end logistics solution to manufacturers/ traders to transport raw materials or finished goods. The Company is involved in the management and coordination of the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination. It provides single as well as multimodal transportation services which involves the coordinated use of multiple modes of transportation (such as road, rail, sea) within a single, integrated supply chain to optimize efficiency and meet the unique requirements of shipments. Right from shipment planning, Route Optimization, Carrier Selection, Documentation, Containerization, Tracking and to Communication and Coordination, Last-Mile Delivery, Performance Evaluation.