IPO

Rapid Mutlimodal Logistics Limited IPO

BSE SME

Listed On: Aug 30, 2024 at ₹ 103.0

₹ 268800 /3200 Shares
*Min Investment

Check Allotment

22 Aug, 2024

Open Date

27 Aug, 2024

Close Date

28 Aug, 2024

Allotment Date

30 Aug, 2024

Listing Date
Rapid Mutlimodal Logistics IPO Issue Details
  • Issue Price ₹84 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 10,11,200 shares(aggregating up to ₹8.49 crore)
  • Fresh Share 10,11,200 shares(aggregating up to ₹8.49 crore)
  • Listing at BSE SME
  • List Price 103.0
  • Listing Date 2024-08-30
  • Lead Manager Gretex Corporate Services Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1600 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.

ApplicationLotsSharesAmount
Retail (min)11600₹1,34,400
Retail(max)11600₹1,34,400
NII (min) 23,200₹2,68,800
Rapid Mutlimodal Logistics IPO Reservation

Rapid Mutlimodal Logistics IPO offers total 10,11,200 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,4,80,000 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered51,200 (5.06%)
Retail Shares Offered4,80,000 (47.47%)
Total Shares Offered10,11,200 (100%)
Rapid Mutlimodal Logistics IPO Documents
DRHP
Rapid Mutlimodal Logistics IPO Details


Rapid Mutlimodal Logistics Limited IPO is an SME IPO, priced at ₹84 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 10,11,200 equity shares, aggregating up to ₹8.49 crores..

The IPO bidding window is open from Aug 22, 2024 to Aug 27, 2024. The allotment is expected to be finalized on Aug 28, 2024, and the tentative listing date is Aug 30, 2024.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,34,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,800.

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 Mutlimodal Logistics IPO Subscription Analysis And Details
Retail
172.55x
Total
350.50x
As onQIB / NIIRetailTotal
Shares Offered / Reserved480,000480,000960,000
Day 1 22-08-24 06:00 PM
0.51 x5.36 x2.94 x
Day 2 23-08-24 06:00 PM
4.44 x18.56 x11.50 x
Day 3 26-08-24 06:00 PM
9.83 x46.73 x28.28 x
Day 4 27-08-24 06:00 PM
512.80 x172.55 x350.50 x
Total No of Applications
63,508
Rapid Mutlimodal Logistics Valuations
EPS Pre IPO ₹6.40/-
EPS Post IPO ₹4.70/-
P/E Pre IPO 13.12
P/E Post IPO 17.86
ROE 46.42%
ROCE 48.98%
Debt/Equity 0.19
RoNW 38.01%
PAT Margin 2.50
Price to Book Value 1.36
Rapid Mutlimodal Logistics Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets839.76699.14673.51
Revenue7,184.257,296.174,774.4
Profit After Tax179.23200.4895.43
Net Worth471.55300.59100.11
Reserves & Surplus191.55295.5995.11
Total Borrowing201.07227.88357.59
About Rapid Mutlimodal Logistics Company

Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.

It also provides single as well as multimodal transportation. In this mode, more than one mode of transportation is applied in a single supply chain for achieving improved efficiency and attaining shipment requirements. Services in single and multimodal transportation include: planning; route optimization; identification of the transporters; documentation; containerization; tracking; communication; last mile delivery; performance evaluation.

It serves Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor industries.

It currently has 17 employees on its payroll as of January 2024.

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Rapid Mutlimodal Logistics - Promoter(s)

Mr. Narayan Agarwal

Mr. Manoj Goel

Summit Agarwal

Ms. Nidhi Agarwal

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.47%

Rapid Mutlimodal Logistics IPO - Issue Objectives
1

Working Capital Requirements.

2

General Corporate Purposes.

Rapid Mutlimodal Logistics IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Rapid Multimodal Logistics Limited6.46.416.8413.1238.015.25Consolidated
Chartered Logistics Ltd.0.190.194.8952.891.482.5Standalone
Shree Vasu Logistics Limited2.722.7228.1884.089.768.25Standalone

Notes:

  1. The figures of Rapid Multimodal Logistics Limited are based on financial statements as restated as on March 31, 2024.
  2. Considering the nature and size of the business of the Company, the peers are not strictly comparable. However, the same has been included for broad comparison.
  3. Current Market Price (CMP) is the closing price of peer group scrips on July 22, 2024.
  4. The figures for the peer group are based on the standalone audited financials for the year ended March 31, 2023.
Contact Details

Rapid Mutlimodal Logistics

New No.44, Old No.78, Shrofforchards, Chennai - 600010

+91 044264 40181

info@rapidlogistics.in

http://www.rapidlogistics.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

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