Rapid Fleet Management Services Limited IPO Overview

Rapid Fleet IPO is a book-built issue worth ₹43.87 crores, consisting entirely of a fresh issue of 22.85 lakh shares.

The IPO will be open for subscription from March 21, 2025, to March 25, 2025. The allotment is expected to be finalized on March 26, 2025, with the listing scheduled on NSE SME on March 28, 2025.

The price band for Rapid Fleet IPO is set between ₹183 and ₹192 per share. The minimum application lot size is 600 shares, requiring a retail investment of ₹1,09,800. However, to avoid oversubscription risks, investors are advised to bid at the cutoff price, which amounts to ₹1,15,200. High Net-worth Individuals (HNI) need to apply for at least 2 lots (1,200 shares), requiring an investment of ₹2,30,400.

Gretex Corporate Services Limited is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is handling the registrar services. Gretex Share Broking Private Limited is the market maker for the issue.

Refer to  Rapid Fleet IPO RHP for detailed information.

Rapid Fleet Management Services Limited IPO Important dates

Rapid Fleet IPO opens on March 21, 2025, and closes on March 25, 2025.

IPO Open Date Fri, Mar 21, 2025
IPO Close Date Tue, Mar 25, 2025
Tentative Allotment Wed, Mar 26, 2025
Initiation of Refunds Thu, Mar 27, 2025
Credit of Shares to Demat Thu, Mar 27, 2025
Tentative Listing Date Fri, Mar 28, 2025
Cut-off time for UPI mandate confirmation 5 PM on March 25, 2025

Rapid Fleet Management Services Limited IPO Financial Performance

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 101.3 70.66 71.81 75.37
Revenue 87.39 116.32 106.03 114.02
Profit After Tax 7.01 8.07 4.71 3.4
Net Worth 28.89 20.15 12.08 7.41
Reserves and Surplus 23.74 20.05 11.98 7.31
Total Borrowing 34.07 14.93 15.79 27.43
Amount in ₹ Crore

Rapid Fleet Management Services Limited IPO Key Performance Indicator

The market capitalization of Rapid Fleet IPO is Rs 142.75 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 50.09%
ROCE 43.11%
Debt/Equity 0.74
RoNW 40.06%
PAT Margin 6.98
Price to Book Value 4.76
Pre IPO Post IPO
EPS (Rs) 15.67 10.86
P/E (x) 12.25 17.68

 

Rapid Fleet Management Services Limited IPO Objectives

S.No. Objects of the Issue Expected Amount (in Millions)
1 Purchase of Vehicles (Goods carriages) 130
2 Working Capital Requirements 191.2
3 General Corporate Purposes

 

Rapid Fleet Management Services Limited IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹1,15,200
Retail (Max) 1 600 ₹1,15,200
HNI (Min) 2 1,200 ₹2,30,400

Rapid Fleet Management Services Limited IPO Details

PO Date March 21, 2025 to March 25, 2025
Listing Date [.]
Face Value ₹10 per share
Issue Price Band ₹183 to ₹192 per share
Lot Size 600 Shares
Total Issue Size 22,84,800 shares
(aggregating up to ₹43.87 Cr)
Fresh Issue 22,84,800 shares
(aggregating up to ₹43.87 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share Holding Pre Issue 51,50,000 shares
Share Holding Post Issue 74,34,800 shares
Market Maker Portion 4,21,800 shares

 

Rapid Fleet Management Services Limited IPO Company Overview and Services

Incorporated in 2006, Rapid Fleet Management Services Limited specializes in providing end-to-end logistics and road transportation solutions for both B2B and B2C clients.

Over the years, the company has expanded its operations significantly and now manages a fleet of more than 200 vehicles, catering to industries such as FMCG, automobiles, and electronics. To enhance efficiency, Rapid Fleet has developed its own mobile app, ensuring seamless 24/7 operations. The company emphasizes compliance and transparency through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.

Service Offerings:

  • Full or Partial Load Services: Provides cost-effective logistics solutions for transporting goods and raw materials, ensuring timely deliveries and flexible cargo handling.
  • Exim Services: Facilitates smooth customs clearance, optimized logistics, and efficient cross-border transactions, connecting ports with production facilities for seamless transportation.
  • Renewable Energy Transportation: Specializes in transporting Wind Turbine Generators (WTG), utilizing extendable telescopic trailers to move large wind turbine blades efficiently.

As of August 14, 2024, Rapid Fleet Management Services Limited employs 68 professionals.

Competitive Strengths:

  • Integrated Transport Management System (TMS) – Digitify Book
  • Own fleet with a strong focus on vehicle safety and operational efficiency
  • Nationwide presence with PAN-India transport services
  • Trusted by a reputed clientele across various industries
  • Adaptive strategies to navigate market fluctuations
  • Commitment to delivering high-quality services without compromise

Rapid Fleet Management Services Limited IPO SWOT Analysis

Strengths:

  • Strong Fleet Management – Owns and operates a fleet of over 200 vehicles, ensuring reliability and control over operations.
  • Technology Integration – Developed an in-house mobile app and Digitify Book (TMS) for seamless logistics, real-time tracking, and automation.
  • Diverse Service Portfolio – Offers Full & Partial Load, Exim Services, and Renewable Energy Transportation, catering to multiple industries.
  • Established Market Presence – Serves reputed clients in FMCG, automobile, and electronics sectors across PAN-India.
  • Compliance & Transparency – Uses e-bidding, portal RFQs, e-POD, and customer TMS management to streamline processes.

Weaknesses:

  • High Operational Costs – Managing a large fleet requires significant investments in fuel, maintenance, and compliance.
  • Limited Global Presence – Primarily focused on the Indian market, with minimal international expansion.
  • Dependence on Key Clients – A significant portion of revenue may rely on a few major clients, making it vulnerable to contract losses.
  • Workforce Dependency – The company has 68 employees, which may limit rapid scalability compared to competitors with larger workforces.

Opportunities:

  • Expansion into International Markets – Growing demand for cross-border logistics and Exim services presents an opportunity for expansion.
  • E-commerce Boom – Increasing online shopping trends drive demand for efficient and tech-enabled transportation solutions.
  • Sustainability & Green Logistics – Rising focus on renewable energy transportation, including Wind Turbine Generators (WTG), positions the company for future growth.
  • Strategic Partnerships – Collaborations with major manufacturing and logistics companies can drive long-term contracts and revenue growth.

Threats:

  • Market Competition – Faces stiff competition from established logistics giants and emerging tech-driven startups.
  • Fuel Price Fluctuations – Rising fuel costs can impact profitability and operational efficiency.
  • Regulatory Challenges – Changes in transportation laws, taxation, or environmental regulations may increase compliance costs.
  • Economic Slowdowns – Any downturn in the economy could reduce demand for logistics services, affecting revenue.

Rapid Fleet Management Services Limited IPO GMP Details

The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
17-03-2025 192.00 ₹0  — ₹ (%) 17-Mar-2025

Rapid Fleet Management Services Limited IPO Subscription Status 

Live subscription information for Rapid Fleet SME IPO is not available now.

Rapid Fleet Management Services Limited IPO Allotment status 

Rapid Fleet IPO allotment is expected on Wednesday, March 26, 2025.

Rapid Fleet Management Services Limited IPO Contact Details

Rapid Fleet Management Services Limited
New No. 9,
Old No. 5 Coral Merchant Street,
Chennai – 600001
Phone: 044-25210132
Email: info@rapidtransportsystems.in
Website: http://www.rapidfleet.in/

 

Disclaimer

Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.