Rapid Fleet IPO Allotment Status

Summary

Rapid Fleet Management Services Limited, incorporated in 2006, specializes in providing comprehensive logistics and road transportation services tailored to both B2B and B2C clients. The Rapid Fleet IPO comes with a total issue size of ₹43.87 crore, comprising entirely a fresh issue of 22.85 lakh shares. The IPO opened on March 21, 2025, and closed on March 25, 2025. The allotment date for the Rapid Fleet IPO is expected to be finalized on Wednesday, March 26, 2025.

Steps to Check Rapid Fleet IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "Rapid Fleet IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Rapid Fleet IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Rapid Fleet IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Rapid Fleet IPO Subscription Status 

Rapid Fleet IPO received moderate investor interest, being subscribed 1.65 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on March 25, 2025:

• Retail Category: 0.81 times
• Qualified Institutional Buyers (QIB): 1.07 times
• Non-Institutional Investors (NII): 4.38 times

As of 6:19:59 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Purchase of Vehicles: Acquisition of goods carriages
• Working Capital Requirements: Funding working capital needs of the company
• General Corporate Purposes: Supporting various business initiatives

Business Overview 

The company has expanded its operations significantly, currently managing a fleet of over 200 vehicles. They serve a diverse range of industries, including FMCG, automobile, and electronics sectors. Rapid Fleet offers services including Full or Partial Load transport, Exim Services, and Renewable Transportation Services, with a team of 68 employees on payroll.