Rapid Multimodal Logistics Limited IPO Overview

Rapid Multimodal Logistics IPO is a fixed price issue of Rs 8.49 crores. The issue is entirely a fresh issue of 10.11 lakh shares.

Rapid Multimodal Logistics IPO opens for subscription on August 22, 2024, and closes on August 27, 2024. The allotment for the Rapid Multimodal Logistics IPO is expected to be finalized on Wednesday, August 28, 2024. Rapid Multimodal Logistics IPO will list on BSE SME with a tentative listing date fixed as Friday, August 30, 2024.

Rapid Multimodal Logistics IPO price is ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.

Gretex Corporate Services Limited is the book-running lead manager of the Rapid Multimodal Logistics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rapid Multimodal Logistics IPO is Gretex Share Broking.

Refer to Rapid Multimodal Logistics IPO RHP for detailed information.

Rapid Multimodal Logistics  IPO Important dates

Rapid Multimodal Logistics IPO opens on August 22, 2024, and closes on August 27, 2024.

IPO Open Date Thursday, August 22, 2024
IPO Close Date Tuesday, August 27, 2024
Basis of Allotment Wednesday, August 28, 2024
Initiation of Refunds Thursday, August 29, 2024
A credit of Shares to Demat Thursday, August 29, 2024
Listing Date Friday, August 30, 2024
Cut-off time for UPI mandate confirmation 5 PM on August 27, 2024

Rapid Multimodal Logistics Limited IPO Financial Performance

Rapid Multimodal Logistics Limited’s revenue decreased by -2% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 839.76 699.14 673.51
Revenue 7,184.25 7,296.17 4,774.4
Profit After Tax 179.23 200.48 95.43
Net Worth 471.55 300.59 100.11
Reserves and Surplus 191.55 295.59 95.11
Total Borrowing 201.07 227.88 357.59

Key Performance Indicator

The market capitalization of Rapid Multimodal Logistics IPO is Rs 32.01 Cr.

KPI as of March 31, 2024.

KPI Values
ROE 46.42%
ROCE 48.98%
Debt/Equity 0.19
RoNW 38.01%
PAT Margin (%) 2.5

Rapid Multimodal Logistics  IPO Objectives

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

  • Working Capital Requirements
  • General Corporate Purposes.

Rapid Multimodal Logistics Limited IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹134,400
Retail (Max) 1 1600 ₹134,400
HNI (Min) 2 3,200 ₹268,800

Rapid Multimodal Logistics  IPO Details

IPO Date August 22, 2024 to August 27, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹84 per share
Lot Size 1600 Shares
Total Issue Size 1,011,200 shares
(aggregating up to ₹8.49 Cr)
Fresh Issue 1,011,200 shares
(aggregating up to ₹8.49 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Shareholding pre-issue 2,800,000
Shareholding post issue 3,811,200
Market Maker portion 51,200 shares

Rapid Multimodal Logistics Limited IPO: Company Overview and Services

Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.

The company offers 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. This includes planning, route optimization, selecting carriers, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation.

The company caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor.

As of January 2024, the company has 17 employees on its payroll.

Rapid Multimodal Logistics  IPO GMP Details

Rapid Multimodel Logistics SME IPO last GMP is ₹10, last updated Aug 28th 2024 10:59 AM. With a price band of 84.00, Rapid Multimodel Logistics SME IPO’s estimated listing price is ₹94 (cap price + today’s GMP). The expected percentage gain/loss per share is 11.90%

The lowest GMP is ₹0, while the highest GMP is ₹10. Stay with us to know the daily price trend of Rapid Multimodel Logistics SME IPO GMP with an expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
28-08-2024 Allotment 84.00 ₹10  12200 ₹94 (11.9%) 28-Aug-2024
27-08-2024 Close 84.00 ₹10   12200 ₹94 (11.9%) 27-Aug-2024
26-08-2024 84.00 ₹0  — ₹84 (0%) 26-Aug-2024
25-08-2024 84.00 ₹0  — ₹84 (0%) 25-Aug-2024
24-08-2024 84.00 ₹0  — ₹84 (0%) 24-Aug-2024
23-08-2024 84.00 ₹0  — ₹84 (0%) 23-Aug-2024
22-08-2024 Open 84.00 ₹0  — ₹84 (0%) 22-Aug-2024

Rapid Multimodal Logistics Limited IPO subscription status 

Rapid Multimodal Logistics IPO subscribed 350.50 times. The public issue subscribed 172.55 times in the retail category, and 512.80 times in the Other category by August 27, 2024.

Investor Category Subscription (times) Shares Offered Shares Bid for Total Amount (Rs Cr.)*
Others 512.80 480,000 24,61,45,600 2,067.62
Retail Investors 172.55 480,000 8,28,22,400 695.71
Total * 350.50 960,000 33,64,80,000 2,826.43

Total Application: 63,508 (211.69 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 51,200 equity shares not included.

 

Rapid Multimodal Logistics IPO (Day-wise) Subscription Details (times)

Date Other Retail Total
Day 1
August 22, 2024		 0.51 5.36 2.94
Day 2
August 23, 2024		 4.44 18.56 11.50
Day 3
August 26, 2024		 9.83 46.73 28.28
Day 4
August 27, 2024		 512.80 172.55 350.50

Rapid Multimodal Logistics  IPO Allotment status 

Rapid Mutlimodal Logistics IPO allotment is expected on August 28, 2024.

Rapid Mutlimodal Logistics IPO allotment status is not available at this time. Rapid Mutlimodal Logistics IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Rapid Mutlimodal Logistics Limited’s IPO allotment status.

To check Rapid Mutlimodal Logistics IPO allotment status, follow the steps below:

  1. Click on the allotment status check button below.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Rapid Multimodal Logistics  IPO Contact Details

Rapid Mutlimodal Logistics Limited
New No.44, Old No.78
Shrofforchards
Chennai – 600010
Phone: +91 044264 40181
Email: info@rapidlogistics.in
Website: http://www.rapidlogistics.in/

 

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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.