Rapid Multimodal Logistics Ltd. was incorporated on July 4, 2020. The company offers comprehensive logistics solutions to manufacturers and traders for transporting raw materials and finished goods. It provides both single and multimodal transportation services, which involve coordinating various modes of transport (such as road, rail, and sea) within a unified supply chain.
| Bidding Dates |
|---|
| 22 Aug 2024 - 27 Aug 2024 |
| Subscription |
|---|
| 332.8x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,34,400 | 1 | 1 | 1600 | 1.0 M | ₹84 | 73.47 % | ₹84.9 M | RHP DOC |
Rapid Multimodal IPO SUBSCRIPTION STATUS
27 Aug '24Rapid Multimodal IPO overall subscription rate was 332.8 times the total available shares
Rapid Multimodal IPO retail subscription rate was 163.81 times in the retail segment
Rapid Multimodal IPO non-institutional investor subscription rate was 501.8 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Aug 2024 (Day 4) | 163.81x | 501.8x | - |
26 Aug 2024 (Day 3) | 44.36x | 9.44x | - |
23 Aug 2024 (Day 2) | 17.62x | 4.32x | - |
22 Aug 2024 (Day 1) | 5.09x | 0.48x | - |
Rapid Multimodal FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 17.9 | 718.2 | 7.3 | 7.1 | 3.8% |
| FY23 | 20.0 | 727.3 | 17.3 | 15.8 | 3.7% |
| FY22 | 9.5 | 477.1 | -31.2 | -33.7 | 3.0% |
Rapid Multimodal IPO SUBSCRIPTION STATUS DETAILS
Rapid Multimodal had 1.0 M shares on offer
Rapid Multimodal IPO offer price was ₹84
Rapid Multimodal IPO minimum Investment was ₹134400
Rapid Multimodal IPO issue size was ₹ 84.9 M
Rapid Multimodal had a minimum lot size of 1600 Shares per application
Rapid Multimodal NUMBER OF SHARES ON OFFER
Rapid Multimodal IPO IMPORTANT DATES
| Issue Open Date | 22 Aug 2024 |
| Issue close Date | 27 Aug 2024 |
| Allotment Date | 28 Aug 2024 |
| Refund Date | 29 Aug 2024 |
| Demat Account Credit Date | 29 Aug 2024 |
| Listing Date | 30 Aug 2024 |
| Listing on Exchange(s) | BSE |
| Rapid Multimodal Allotment Status | Exchange |
Rapid Multimodal IPO subscription opened on 22 Aug 2024, and closed on 27 Aug 2024
IPO allotment for Rapid Multimodal was finalized on Wednesday, 28 Aug 2024
IPO listing for Rapid Multimodal was on BSE on Friday, 30 Aug 2024
Rapid Multimodal IPO LISTING GAINS
| Issue Price (adjusted) | 84.0 |
| Listing Open Price | 103.0 |
| Listing Close Price | 108.1 |
| Listing Gain% | 22.6% |
| Current Gain% | 57.1% |
Rapid Multimodal Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rapid Multimodal Logistics Ltd. | 132 | 50.3 | 26.7 | -1.6 | 0.4 | 11.7 | 8.5 | 143.2 | 39 | 1.9 | -16.7 | 4.9 | -16.7 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Rapid Multimodal INFORMATION ON IPO ISSUE
About Rapid Multimodal
Rapid Multimodal Logistics Ltd. was incorporated on July 4, 2020. The company offers comprehensive logistics solutions to manufacturers and traders for transporting raw materials and finished goods. It provides both single and multimodal transportation services, which involve coordinating various modes of transport (such as road, rail, and sea) within a unified supply chain.
Object of the Issue
- Working capital requirements
- General corporate purposes.
Rapid Multimodal - PROMOTERS
| Name |
|---|
| Narayan Agarwal |
| Manoj Goel |
| Summit Agarwal |
| Nidhi Agarwal |
Rapid Multimodal Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Rapid Multimodal Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Rapid Multimodal Strengths
Long-Term Partnerships
The company focuses on building long-lasting relationships with its partners. It fosters a mutually beneficial relationship with its clients by maintaining open communication, understanding their evolving needs, and consistently fulfilling its commitments.
Cost Management
The company reduces operational expenses by adopting advanced technologies, streamlining processes, and forming strategic partnerships, all while maintaining high quality and reliability standards.
Rapid Multimodal Risks
Dependent on Vendors
The company does not own any vehicles for logistics services and relies on third-party vendors for transportation. This reliance exposes the company to risks related to the performance and stability of these vendors.
Permit Approvals
The company's business requires obtaining and periodically renewing various approvals, licenses, registrations, and permits. Failure to obtain, maintain, or renew these statutory and regulatory permits and approvals could impact its business, operations, and financial condition.
IPO FAQs
The promoters of the company are Narayan Agarwal, Manoj Goel, Summit Agarwal and Nidhi Agarwal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 84.0 - 84.0.
The IPO application opens on Aug 22, 2024 and closes on Aug 27, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 134,400.0, the maximum value for this IPO is Rs 134,400.0.
This IPO will be allotted on Aug 28, 2024.
The refund will be credited to your account on Aug 29, 2024.
The allotted shares will be credited to your demat on Aug 29, 2024.
Rapid Multimodal Logistics Ltd.’s shares listed on the stock exchanges on Aug 30, 2024.