Rapid Fleet IPO: Price, Date, GMP & Details

Rapid Fleet IPO-Complete Overview

Rapid Fleet IPO under the SME IPO category is a book-build issue of Rs.43.87 Cr by Rapid Fleet Management Services Limited that was incorporated in 2006. The company provides a full spectrum of logistics and road transportation services to B2B and B2C clients.

The company has grown significantly since then, offering fleet management for over 200 vehicles, thereby servicing a variety of industries such as FMCG, automobile, and electronics.

In order to improve business processing, the company evolved its mobile app to maintain 24/7 operations while focusing on client compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.

Services: 

Full or Partial Load- The company provides Full and Partial Load services to ensure cost-effective and speedy transportation of goods and raw materials, with proper logistics support and timely deliveries, and flexible solutions for diverse cargo requirements. 

Exim Services- Provides all-around Exim services dealing with Customs clearance, Logistics, and cross-border transactions. It specializes in inland movements connecting ports and production facilities and assuring timely good deliveries. 

Renewable Transportation Service- The company has branched into renewable energy logistics, dealing in the transportation of Wind Turbine Generators (WTG). It specializes in large wind turbine blade transportation through its investment in extendable telescopic trailers.

This Rapid Fleet IPO date is on 21 Mar 2025, and its ‘initial public offering’ will end on 25 Mar 2025.

Rapid Fleet IPO Overview

The Rs.43.87 crore new SME IPO comprises an entirely fresh issue of 22.85 lac Shares.

This upcoming IPO date is from March 21 to March 25, 2025. Rapid Fleet IPO share price is Rs.183 to Rs.192 for each Share. 

The expected IPO listing date is Friday, 28 March 2025, and listing at NSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in lac)

 

Service-wise Revenue Breakdown  

(Amount in lac)

 

State-wise Revenue Breakdown

(Amount in lac)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Purchasing Automobiles (Goods Carriers).

• Requirements for working capital.

• General corporate purposes.
  
  

Click for the IPO application status check.

 

 

Peers of Rapid Fleet Management Services Ltd.

 

Evaluation

The Rapid Fleet IPO price is Rs.183 to Rs.192 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.16.14 from the last year, the resulting P/E ratio is 11.89x.

Considering the weighted EPS of Rs.12.35 for the last three years, the P/E ratio is 15.55x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is NA.

IPO's Strengths 

• Implementing a bring-your-own-device system in an integrated TMS - Digitify Book

• It is a safe vehicle to ensure seamless operations and delivery of the in-house vehicle fleet.

• Transporting all over India.

• All these say mainly one thing - pride in catering to an esteemed clientele.

• Always Flexible to Fluctuations in the Market.

 

IPO’s Weaknesses

• The industry is characterized by heavy road transport dependence, and any disruptions caused by weather, political turmoil, or accident occurrences may hurt operations and reputation. 

• The majority of revenue comes from Tamil Nadu. Any adverse developments in that region may affect the business and financial affairs adversely. 

• Failure to pass on higher prices of fuel and other operating expenses to customers can severely dent profitability and operating performance.

 

Rapid Fleet IPO GMP

IPO GMP today has not started yet as of 18 Mar 2025. Hence, the Rapid Fleet Management Services Limited IPO listing price (estimated) is Rs.192.

Rapid Fleet Management Services Limited IPO Timetable (Tentative)

The Rapid Fleet Management opening date is from March 21 to March 25, 2025, with allotment on March 26, refund initiation on March 27, and listing on March 28, 2025.

 

Rapid Fleet IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 22,84,800 Shares (Rs.43.87 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (600 Shares) amounting to Rs.1,15,200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1200 Shares) amounting to Rs.2,30,400.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Rapid Fleet Management Services Ltd.

• Mr. Anand Poddar

• Ms. Shruti Poddar.
  
  

 

IPO Lead Managers

• Gretex Corporate Services Limited.
  
  
  

Dividend Policy

The company has not paid any dividends in the last three years.

 

Conclusion

The Rapid Fleet IPO is from a company that is diversifying into areas such as energy transportation. The financial results are exhibiting steady growth but with risks, including fuel price changes and regional dependence. Before applying, investors should carefully weigh opportunities and risks.

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in any investment or trading activities.