Rapid Fleet Management Services Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 20-03-2025 | 24-03-2025 | ₹10 per share | 0 | 600 Shares | NSE SME | 22,84,800 shares (aggregating up to ₹43.87 Cr) | 2025-03-25 18:30:00 | 2025-03-26 18:30:00 | 2025-03-26 18:30:00 | 27-03-2025 |
About The Company
Rapid Fleet IPO is a book built issue of Rs 43.87 crores. The issue is entirely a fresh issue of 22.85 lakh shares.
Rapid Fleet IPO opens for subscription on March 21, 2025 and closes on March 25, 2025. The allotment for the Rapid Fleet IPO is expected to be finalized on Wednesday, March 26, 2025. Rapid Fleet IPO will be list on NSE SME with a tentative listing date fixed as Friday, March 28, 2025.
Rapid Fleet IPO price band is set at ₹183 to ₹192 per share. The minimum lot size for an application is 600. The minimum amount of investment required by retail investors is ₹1,09,800. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,15,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹2,30,400.
Gretex Corporate Services Limited is the book-running lead manager of the Rapid Fleet IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Rapid Fleet IPO is MLB Stock Broking Private Limited.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 75 | 114 | 3 | 7.41 | 7.31 | 27.43 |
| 30-03-2023 | 72 | 106 | 5 | 12.08 | 11.98 | 15.79 |
| 30-03-2024 | 71 | 116 | 8 | 20.15 | 20.05 | 14.93 |
| 29-09-2024 | 101 | 87 | 7 | 28.89 | 23.74 | 34.07 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 115200 |
| Retail (Max) | 1 | 1600 | 115200 |
| HNI (Min) | 2 | 1200 | 230400 |
IPO Listing Details
| Listing Date | 27-03-2025 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
Mr. Anand Poddar and Ms. Shruti Poddar are the promoters of the company.
Contact Information of the Company
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/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Manager
Gretex Corporate Services Limited (Past IPO Performance)