Rapid Multimodal Logistics IPO Allotment Status

Summary

The Rapid Multimodal Logistics IPO concluded on 27th August 2024 with an impressive overall subscription rate of 350.50 times. The company's shares will be listed on the BSE SME platform on 30th August 2024. By the end of the subscription period, the IPO had received bids for 33,64,80,000 shares, significantly surpassing the 9,60,000 shares on offer.

The IPO garnered substantial interest across various investor categories. Non-institutional investors (NII) led the charge with a subscription rate of 512.80 times, followed closely by retail investors at 172.55 times. The market maker portion was fully subscribed at 1 time.

Investors who have applied for the Rapid Multimodal Logistics IPO can check their allotment status through the official website of the registrar, Bigshare Services Pvt Ltd, or through the BSE website.

How to Check Rapid Multimodal Logistics IPO Allotment Status:

How do you Check Resourceful Automobile IPO Allotment Status on the Registrar's Site?

Here's a step-by-step guide to checking the allotment status:

Step 1: Visit the Bigshare Services website: https://www.bigshareonline.com/ipo_allotment.html

Step 2: Select "Rapid Multimodal Logistics Limited" from the company dropdown menu.

Step 3: Enter your PAN number, application number, or DP Client ID.

Step 4: Click on the "Search" button to view your allotment status.

Step 5: Download or print the allotment status for your records.

How to Check Rapid Multimodal Logistics IPO Allotment Status on BSE?

Step 1: Go to the official BSE website: https://www.bseindia.com/

Step 2: Navigate to the "Investors" section and select "Public Issues" from the dropdown menu.

Step 3: Click on the "Check Application Status" option.

Step 4: Choose "Equity" as the issue type and "Rapid Multimodal Logistics Limited" as the issue name.

Step 5: Enter your PAN number and application number.

Step 6: Complete the captcha verification.

Step 7: Click on "Search" to view your allotment status.

Step 8: Download or print the allotment status for your records.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Rapid Multimodal Logistics IPO Timeline:

Investors who received company shares will have their demat accounts credited on 29th August 2024. As soon as the allotment is finalised, the refund procedure will begin on Thursday.
 

Rapid Multimodal Logistics IPO Subscription Status:

The IPO was subscribed 350.50 times overall. As of 5:28 pm on August 27, 2024:

Subscription Day 4
Qualified Institutional Buyers (QIBs): 0 times
Non-Institutional Investors (NII): 512.80 times
Retail Investors: 172.55 times
Total Subscription: 350.50 times
 
Subscription Day 3
Qualified Institutional Buyers (QIBs): 0 times
Non-Institutional Investors (NII): 9.83 times
Retail Investors: 46.53 times
Total Subscription: 28.28 times
 
Subscription Day 2
Qualified Institutional Buyers (QIBs): 0 times
Non-Institutional Investors (NII): 4.44 times
Retail Investors: 18.56 times
Total Subscription: 11.50 times
 
Subscription Day 1
Qualified Institutional Buyers (QIBs): 0 times
Non-Institutional Investors (NII): 0.51 times
Retail Investors: 5.36 times
Total Subscription: 2.94 times

About Rapid Multimodal Logistics IPO:

The Rapid Multimodal Logistics IPO is a fixed-price issue with a total size of ₹8.49 crores and a fresh issue of 10,11,200 shares. It was open for subscription from 22 August 2024 and closed on 27th August 2024.

The allotment is anticipated to be finalised on 28th August 2024, with the listing scheduled on the BSE SME platform on 30th August 2024. The price for the IPO is set at ₹84 per share, with a minimum lot size of 1,600 shares, requiring a minimum investment of ₹134,400 for retail investors. For High-Net-Worth Investors (HNIs), the minimum lot size is 2 lots (3,200 shares), amounting to ₹268,800.

Bigshare Services Pvt Ltd is the registrar for the IPO, and Gretex Corporate Services Limited is the book-running lead manager for the issue. Gretex Share Broking is the market maker. The IPO will use the proceeds primarily to support the company's working capital requirements and cover general corporate expenses.

Established in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company that provides a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry, offering both single and multimodal transportation services. These services involve using multiple modes of transportation, like road, rail, and sea, in one supply chain to improve efficiency and meet shipment requirements.

Rapid Multimodal Logistics IPO allotment date: 28th August 2024.