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Rapid Fleet Management Services IPO

  • Status: Live
  • RHP:
  • ₹ 109,800 / 600 shares

    Minimum Investment

IPO Details

  • Bidding starts

    21 Mar 2025

  • Bidding ends

    25 Mar 2025

  • Listing

    28 Mar 2025

  • IPO Price Range

    ₹ 183 to ₹ 192

  • IPO Size

    ₹ 43.87 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Rapid Fleet Management Services IPO Subscription Status

Last Updated: 21 March 2025 11:11 AM by 5Paisa

Rapid Fleet is launching a ₹43.87 crore IPO, offering 0.23 Cr. fresh shares. Specializing in logistics and road transport for B2B and B2C clients, it manages over 200 vehicles across FMCG, automobile, and electronics sectors. Its mobile app supports e-bidding, invoicing, and TMS management. Services include Full/Partial Load, Exim for customs and cross-border logistics, and renewable energy transport using specialized trailers for wind turbine components.

Established in: 2006
Managing Director: Mr. Anand Poddar

Peers

Premier Roadlines Limited
AVG Logistics Limited
 

Objectives

1. Purchase of vehicles.
2. Funding working capital requirements.
3. General corporate purposes.
 

Rapid Fleet IPO Size

Types Size
Total IPO Size ₹43.87 Cr.
Offer For Sale -
Fresh Issue ₹43.87 Cr.

 

Rapid Fleet IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 109,800
Retail (Max) 1 600 109,800
HNI (Min) 2 1,200 219,600

Rapid Fleet IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 0 3,72,600 0 0
NII (HNI) 0 2,79,600 0 0
Retail 0.04 6,52,200 26,400 0.507
Total** 0.02 13,04,400 26,400 0.507

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Rapid Fleet IPO Anchor Allocation

Anchor Bid Date 20 March 2025
Shares Offered 5,58,600
Anchor portion Size (In ₹ Cr.) 10.73
Anchor lock-in period end date for 50% shares (30 Days) 25 April 2025
Anchor lock-in period end date for remaining shares (90 Days) 24 June 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 114.02 106.03 116.32
EBITDA 8.72 12.13 16.97
PAT 3.40 4.71 8.07
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 75.37 71.81 70.66
Share Capital 0.10 0.10 0.10
Total Borrowings 27.43 15.79 14.93
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 24.39 7.43 6.46
Net Cash Generated From / (used in) investing activities -17.54 -4.39 -9.81
Net Cash Generated From / (used in) financing activities -8.07 -13.14 -2.04
Net Increase (Decrease) In Cash And Cash Equivalents 14.92 -10.11 -5.39


Strengths

1. Integrated TMS (Digitify Book) enhances real-time tracking and efficiency.
2. Own vehicle fleet ensures better safety and delivery control.
3. Strong PAN-India transport network covers diverse regions effectively.
4. Established relationships with prestigious clients ensure stable business.
5. Adaptive to market changes, ensuring business continuity.
 

Risks

1. High operational costs due to fleet ownership.
2. Dependence on market demand fluctuations.
3. Competitive pressure from established logistics players.
4. Potential delays from regulatory and customs issues.
5. Limited international expansion opportunities.
 

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FAQs

Rapid Fleet IPO opens from 21 March 2025 to 25 March 2025.

The size of Rapid Fleet IPO is ₹43.87 Cr.

The price of Rapid Fleet IPO is fixed at ₹183 to ₹192 per share. 

To apply for Rapid Fleet IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Rapid Fleet  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Rapid Fleet IPO is 600 shares and the investment required is ₹109,800.
 

The share allotment date of Rapid Fleet IPO is 26 March 2025

The Rapid Fleet IPO will likely be listed on 28 March 2025.

Gretex Corporate Services Ltd is the book running lead manager for Rapid Fleet IPO.

Rapid Fleet plans to utilise the raised capital from the IPO for:

1.  Purchase of vehicles.
2. Funding working capital requirements.
3. General corporate purposes.