Rapid Fleet Management Services Ltd
Price Range
₹183 - ₹192
Min. Quantity
600
Closes on
25 March 2025
Min. investment
₹1,15,200/600 Shares
Rapid Fleet Management Services Ltd IPO Timeline
Rapid Fleet Management Services Limited was originally incorporated on December 26, 2017 as a Private Limited Company in the name of 'Rapid Fleet Management Services Private Limited' with the Registrar of Companies, Central Registration Centre. Subsequently, the status converted from Private Limited to Public Limited and the name of Company was changed to Rapid Fleet Management Services Limited' issued on August 30, 2023 by the Registrar of Companies, Chennai.
| Event | Date |
|---|---|
| Rapid Fleet Management Services Ltd IPO Opening Date | 21 March 2025 |
| Rapid Fleet Management Services Ltd IPO Closing Date | 25 March 2025 |
| Basis of Allotment | 26 March 2025 |
| Initiation of Refunds | 27 March 2025 |
| Credit of Shares to Demat | 27 March 2025 |
| Rapid Fleet Management Services Ltd IPO Listing Date | 28 March 2025 |
Rapid Fleet Management Services Ltd IPO Details
| Rapid Fleet Management Services Ltd IPO Date | 21 March 2025 to 25 March 2025 |
| Rapid Fleet Management Services Ltd IPO Face Value | ₹10 per share |
| Rapid Fleet Management Services Ltd IPO Price | ₹183 to ₹192 per share |
| Rapid Fleet Management Services Ltd IPO Lot Size | 600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹41.81 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹43.87 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than 3,72,600 of the Net Offer |
| Retail Shares Offered | Not less than 6,52,050 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 2,79,450 of the Net Offer |
| Company Promoters | Anand Poddar, Shruti Poddar, Rajkumar Poddar |
Rapid Fleet Management Services Ltd IPO Lot Size
The Rapid Fleet Management Services Ltd IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹1,15,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 600 | ₹1,15,200 |
| Maximum | 1 | 600 | ₹1,15,200 |
- Strengths
- Risks
- Opportunities
- Implementation of an integrated TMS - Digitify Book.
- In house Vehicle Fleet and its Safety for smooth operations and delivery.
- Supply Chain Efficiency.
- PAN India Transport.
- Pride in catering to an esteemed clientele.
- Dynamic Approach to Market Fluctuations.
- Not compromising Quality Services.
Company Financials
Rapid Fleet Management Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 70.66 | 116.32 | 8.07 |
| 03-2023 | 71.81 | 106.03 | 4.71 |
| 03-2022 | 75.37 | 114.02 | 3.40 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of Vehicles (Goods Carriages)
- Working Capital Requirements
- General Corporate Purposes
Rapid Fleet Management Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 39.31% |
| Post Issue Share Holding | 26.99% |
Rapid Fleet Management Services Ltd IPO Subscription Status (Bidding Detail)
The Rapid Fleet Management Services Ltd IPO is subscribed 0.3337 times on 25 March 2025 05:00:00 PM. The public issue subscribed 0.2862 times in the retail category, 1 times in the QIB category, and 0.0601 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1 | 0.0601 | 0.2862 | - | 0.3337 |
Rapid Fleet Management Services Ltd IPO Prospectus
Rapid Fleet Management Services Ltd IPO Listing Date
| Listing Date | 28 March 2025 |
| BSE Script | - |
| NSE Symbol | - |
| Listing In | NSE - SME |
| ISIN | INE0QX901013 |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
New No.9 Old No. 5Coral Merchant Street,Chennai-600001
Phone: 044 - 2521 0132
Email: info@rapidtransportsystems.in
Website: www.rapidfleet.in
Rapid Fleet Management Services Ltd IPO Registrar
Rapid Fleet Management Services Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
FAQ
What is the issue size of Rapid Fleet Management Services Ltd IPO?
I have pre-applied for Rapid Fleet Management Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.