IPO

Rapid Fleet Management Services Limited IPO

NSE SME

Listed On: Mar 28, 2025 at ₹ 195.0

₹ 230400 /1200 Shares
*Min Investment

Check Allotment

21 Mar, 2025

Open Date

25 Mar, 2025

Close Date

26 Mar, 2025

Allotment Date

28 Mar, 2025

Listing Date
Rapid Fleet Management Services IPO Issue Details
  • Issue Price ₹183-192 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 22,84,800 shares(aggregating up to ₹43.87 crore)
  • Fresh Share 22,84,800 shares(aggregating up to ₹43.87 crore)
  • Listing at NSE SME
  • List Price 195.0
  • Listing Date 2025-03-28
  • Lead Manager Gretex Corporate Services Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 600 ₹1,15,200
Retail(max) 1 600 ₹1,15,200
NII (min) 2 1,200 ₹2,30,400
Rapid Fleet Management Services IPO Reservation

Rapid Fleet Management Services IPO offers total 22,84,800 shares. Out of which 3,72,600 (16.31%) allocated to QIB, 2,79,600 (12.24%) allocated to NII,6,52,200 (28.55%) allocated to RII, NA (NA%) allocated to employees and 5,58,600 (24.45%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 5,58,600 (24.45%)
Market Maker Shares Offered 4,21,800 (18.46%)
QIB Shares Offered 3,72,600 (16.31%)
NII (HNI) Shares Offered 2,79,600 (12.24%)
Retail Shares Offered 6,52,200 (28.55%)
Total Shares Offered 22,84,800 (100%)
Rapid Fleet Management Services IPO Documents
DRHP
RHP
Rapid Fleet Management Services IPO Details


Rapid Fleet Management Services Limited IPO is an SME IPO, priced at ₹183-192 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 22,84,800 equity shares, aggregating up to ₹43.87 crores..

The IPO bidding window is open from Mar 21, 2025 to Mar 25, 2025. The allotment is expected to be finalized on Mar 26, 2025, and the tentative listing date is Mar 28, 2025.

The minimum lot size for Retail investors is 600 shares, with a minimum investment of ₹1,15,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,30,400.

Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.

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Rapid Fleet Management Services IPO Subscription Analysis And Details
Retail
0.81x
Total
1.97x
As on QIB / NII Retail Total
Shares Offered / Reserved 3,72,600 / 2,79,600 6,52,200 13,04,400
Day 1 21-03-25 06:00 PM
0.00 / 0.03 x 0.13 x 0.07 x
Day 2 24-03-25 06:00 PM
1.00 / 0.06 x 0.29 x 0.44 x
Day 3 25-03-25 06:00 PM
1.07 / 5.88 x 0.81 x 1.97 x
Total No of Applications
1,095
Rapid Fleet Management Services Valuations
EPS Pre IPO ₹15.67/-
EPS Post IPO ₹10.86/-
P/E Pre IPO 12.25
P/E Post IPO 17.68
ROE 50.09%
ROCE 43.11%
Debt/Equity 0.74
RoNW 40.06%
PAT Margin 6.98
Price to Book Value 4.76
Rapid Fleet Management Services Company Financials
In Crs.
In Cr.
30-Sep-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 101.3 70.66 71.81 75.37
Revenue 87.39 116.32 106.03 114.02
Profit After Tax 7.01 8.07 4.71 3.4
Net Worth 28.89 20.15 12.08 7.41
Reserves & Surplus 23.74 20.05 11.98 7.31
Total Borrowing 34.07 14.93 15.79 27.43
About Rapid Fleet Management Services Company

Founded in 2006, Rapid Fleet Management Services Limited specializes in offering wide-ranging logistics and road transport solutions to both B2B and B2C customers.

It has grown rapidly, now handling a fleet of more than 200 vehicles. They cater to a wide array of industries like FMCG, automobile, and electronics industries.

The firm has designed its own mobile application for streamlined business functions with 24/7 working. It aims for client compliance in e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.

As of August 14, 2024, the company maintains 68 people on the payroll.

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Rapid Fleet Management Services - Promoter(s)

Mr. Anand Poddar

Ms. Shruti Poddar

Pre Issue Share Holding : 97.50%

Post Issue Share Holding : 67.54%

Rapid Fleet Management Services IPO - Issue Objectives
1

Purchase of Vehicles (Goods carriages)

2

Working Capital Requirements

3

General Corporate Purposes

Rapid Fleet Management Services IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Rapid Fleet Management Services Limited 16.14 16.14 2014.77 12.25 40.05 0.1 Restated
Premier Roadlines Limited 7.5 7.5 3973.69 16.98 31.77 N/A Standalone
AVG Logistics Limited 27.34 27.34 20009.26 17.72 16.35 0.02 Standalone

Notes:

  1. Considering the nature and size of business of the Company, the peers are not strictly comparable. However, the same have been included for broad comparison.
  2. Current Market Price (CMP) is the closing price of peer group scrips as on August 09, 2024.
  3. P/E Ratio has been computed based on the Current Market Price of equity shares divided by the Basic & Diluted EPS.
  4. RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as sum of share capital and reserves and surplus.
  5. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus shares.
Contact Details

Rapid Fleet Management Services

New No. 9, Old No. 5 Coral Merchant Street, Chennai - 600001

044-25210132

info@rapidtransportsystems.in

http://www.rapidfleet.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html