Rapid Fleet Management Services Ltd. was incorporated on December 26, 2017. The company specializes in road transportation, ensuring efficient order booking, route planning, and vehicle selection for safe cargo transit. Real-time tracking and secure unloading guarantee reliable delivery
| Bidding Dates |
|---|
| 21 Mar 2025 - 25 Mar 2025 |
| Subscription |
|---|
| 1.49x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,09,800 | 1 | 1 | 600 | 2.3 M | ₹183 - ₹192 | 67.54 % | ₹418.1 M - ₹438.7 M | RHP DOC |
Rapid Fleet Management IPO SUBSCRIPTION STATUS
25 Mar '25Rapid Fleet Management IPO overall subscription rate was 1.49 times the total available shares
Rapid Fleet Management IPO retail subscription rate was 0.88 times in the retail segment
Rapid Fleet Management IPO non-institutional investor subscription rate was 6.35 times in the non-institutional investor category
Rapid Fleet Management IPO Qualified Institutional Bidder subscription rate was 0.46 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Mar 2025 (Day 3) | 0.88x | 6.35x | 0.46x |
24 Mar 2025 (Day 2) | 0.31x | 0.06x | 0.43x |
21 Mar 2025 (Day 1) | 0.14x | 0.03x | - |
Rapid Fleet Management 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 |
| H1FY25 | 70.1 | 850.3 | 36.2 | -84.4 | 13.5% |
| FY24 | 80.7 | 1,155.9 | 64.6 | -17.8 | 14.7% |
| FY23 | 47.1 | 1,055.2 | 74.3 | 41.2 | 11.5% |
| FY22 | 34.0 | 1,137.0 | 243.9 | 78.5 | 7.7% |
Rapid Fleet Management IPO SUBSCRIPTION STATUS DETAILS
Rapid Fleet Management had 2.3 M shares on offer
Rapid Fleet Management IPO offer price was in the range ₹183 - ₹192
Rapid Fleet Management IPO minimum Investment was ₹109800
Rapid Fleet Management IPO issue size was ₹ 418.1 M - ₹ 438.7 M
Rapid Fleet Management had a minimum lot size of 600 Shares per application
Rapid Fleet Management NUMBER OF SHARES ON OFFER
Rapid Fleet Management IPO IMPORTANT DATES
| Issue Open Date | 21 Mar 2025 |
| Issue close Date | 25 Mar 2025 |
| Allotment Date | 26 Mar 2025 |
| Refund Date | 27 Mar 2025 |
| Demat Account Credit Date | 27 Mar 2025 |
| Listing Date | 28 Mar 2025 |
| Listing on Exchange(s) | NSE |
| Rapid Fleet Management Allotment Status | Exchange/ Registrar |
Rapid Fleet Management IPO subscription opened on 21 Mar 2025, and closed on 25 Mar 2025
IPO allotment for Rapid Fleet Management was finalized on Wednesday, 26 Mar 2025
IPO listing for Rapid Fleet Management was on NSE on Friday, 28 Mar 2025
Rapid Fleet Management IPO LISTING GAINS
| Issue Price (adjusted) | 192.0 |
| Listing Open Price | 195.0 |
| Listing Close Price | 200.9 |
| Listing Gain% | 1.6% |
| Current Gain% | -9.2% |
Rapid Fleet Management 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 Fleet Management Services Ltd. | 174.4 | 129.7 | 10.4 | 0.5 | 0.6 | 15.3 | 9.5 | 205.9 | 17.2 | 12.5 | 21.3 | 16.8 | 21.3 |
| 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 Fleet Management INFORMATION ON IPO ISSUE
About Rapid Fleet Management
Rapid Fleet Management Services Ltd. was incorporated on December 26, 2017. The company specializes in road transportation, ensuring efficient order booking, route planning, and vehicle selection for safe cargo transit. Real-time tracking and secure unloading guarantee reliable delivery
Object of the Issue
- Purchase of vehicles
- Working capital requirements
- General corporate purposes
Rapid Fleet Management - PROMOTERS
| Name |
|---|
| Anand Poddar |
| Shruti Poddar |
Rapid Fleet Management Lead Manager to the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Rapid Fleet Management Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Rapid Fleet Management Strengths
TMS integration
The company prioritizes efficiency and technology, integrating TMS - Digitify Book to streamline operations, optimize resources, and enhance service consistency
PAN India services
Implementing PAN India services ensures extensive reach, reliable deliveries, and efficient transportation solutions. A nationwide network enables the company to serve diverse industries with timely deliveries and optimized routes
Quality services
The company's ISO 9001:2015 certification reflects its commitment to quality, customer satisfaction, and process optimization. This ensures adherence to stringent standards, continuous improvement, risk management, and regulatory compliance
Rapid Fleet Management Risks
Dependent on road network
The company's operations rely on an efficient road network and uninterrupted vehicle utilization. Any disruptions or delays could impact reputation and profitability
Licence & approvals
The company operates under various laws requiring statutory and regulatory approvals. Failure to obtain, maintain, or renew these approvals could negatively impact business operations, prospects, and financial condition
Geographically concentrated
A significant portion of revenue comes from Tamil Nadu, making the business vulnerable to regional disruptions that could negatively impact operations, financial condition, and overall performance
IPO FAQs
The promoters of the company are Anand Poddar and Shruti Poddar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 183.0 - 192.0.
The IPO application opens on Mar 21, 2025 and closes on Mar 25, 2025.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 109,800.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Mar 26, 2025.
The refund will be credited to your account on Mar 27, 2025.
The allotted shares will be credited to your demat on Mar 27, 2025.
Rapid Fleet Management Services Ltd.’s shares listed on the stock exchanges on Mar 28, 2025.