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Rapid Multimodal IPO

  • Status: Closed
  • RHP:
  • ₹ 134,400 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    22 Aug 2024

  • Close Date

    27 Aug 2024

  • IPO Price Range

    ₹ 84

  • IPO Size

    ₹ 8.49 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    30 Aug 2024

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IPO Timeline

Rapid Multimodal IPO Subscription Status

Last Updated: 27th August 2024, 5:45 PM by 5paisa

Rapid Mutlimodel Logistics IPO is set to open on 22 August 2024 and will close on 27 August 2024. The company specializes in delivering comprehensive logistical solutions for its clients, focusing on the B2B sector.

The IPO includes a fresh issue of 10,11,200 shares aggregating up to ₹8.49 Cr. The price is ₹84 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 28 August 2024. It will go public on BSE SME, with a tentative listing date of 30 August 2024.

Gretex Corporate Services Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. 

Rapid IPO Size

Types Size (₹Cr)
Total IPO size 8.49
Offer for sale -
Fresh issue 8.49

 

Rapid IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 1600 1,34,400
Retail (Max) 1 1600 1,34,400
HNI (Min) 2 3200 2,68,800

 

Rapid IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 512.80 4,80,000 24,61,45,600 2,067.62
Retail 172.55 4,80,000 8,28,22,400 695.71
Total 350.50 9,60,000 33,64,80,000 2,826.43

 

1. Working Capital Requirements.
2. General Corporate Purpose.

Established in July 2020, Rapid Multimodal Logistics Limited, based in Chennai, specializes in delivering comprehensive logistical solutions for its clients, focusing on the B2B sector.

The company offers both single-mode and multimodal transportation services, combining road, rail, and sea routes within a single supply chain to enhance efficiency and meet diverse shipping needs. These services encompass every aspect of logistics, including planning, route optimization, carrier selection, documentation, containerization, shipment tracking, communication, last-mile delivery, and performance analysis.

Rapid Multimodal Logistics Limited serves a wide range of industries, including Glass, Plywood, Paper, Edible Oil, Gypsum Boards, Iron and Steel, Scrap, Tiles, Sanitary Products, and Liquor.

As of January 2024, the company employs 17 staff members.

Peers

1. Chartered Logistics Ltd 

2. Shree Vasu Logistics Ltd 
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 72.96 47.74 0.00
EBITDA 2.67 1.42 -0.01
PAT 2.00 0.95 -0.01
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 6.99 6.74 0.05
Share Capital 0.05 0.05 0.05
Total Borrowings 2.28 3.58 0.00
Particulars (in Rs. Crores) FY23 FY22 FY21
Net Cash Generated From / (used in) operating activities 1.73 -3.12 0.00
Net Cash Generated From / (used in) investing activities -0.19 -0.25 0.00
Net Cash Generated From / (used in) financing activities -1.47 3.44 0.05
Net Increase (Decrease) In Cash And Cash Equivalents 0.07 0.07 0.05


Strengths

1. The company provides end-to-end logistical solutions making it a one-stop solution for B2B clients.

2. The ability to integrate road, rail, and sea transportation within one supply chain allows for flexible and optimized routes.

3. Serving diverse industries like glass, plywood, paper, edible oil, and steel, among others, helps mitigate dependency on any single sector.

4. The company offers tailored logistics solutions which can give it a competitive edge in meeting specific client requirements.

5. Being a Chennai-based company with a focus on B2B services gives it a strategic advantage in catering to the needs of South Indian industries.
 

Risks

1. The company may face challenges in scaling operations quickly or handling larger, more complex logistical demands.

2. The company is exposed to risks associated with industry-specific downturns which could affect demand for logistics services.

3. While multimodal logistics is a strength, it also poses risks due to dependencies on multiple transportation networks.

4. The logistics sector is highly competitive, with numerous well-established players offering similar services. 

5. The logistics industry is subject to various regulations, including those related to transportation, environmental laws, and customs. 
 

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FAQs

Rapid Mutlimodel Logistics IPO opens from 22nd August to 27th August 2024.

The size of Rapid Mutlimodel Logistics IPO is ₹8.49 Cr.

The price of Rapid Mutlimodel Logistics IPO is fixed at ₹84 per share. 

To apply for Rapid Mutlimodel Logistics 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 Mutlimodel Logistics 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 Mutlimodel Logistics IPO is 1,600 shares and the investment required is ₹1,34,400.

The share allotment date of Rapid Mutlimodel Logistics IPO is 28th August 2024

The Rapid Mutlimodel Logistics IPO will be listed on 30th August 2024.

Gretex Corporate Services Ltd is the book-running lead manager for Rapid Mutlimodel Logistics IPO.
 

Rapid Mutlimodel Logistics plans to utilize the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purpose.