Rapid Multimodal Logistics IPO: Review, Valuation, Date & GMP

Rapid Multimodal Logistics IPO-Complete Overview

Rapid Mutlimodal Logistics IPO an SME IPO is a fixed price issue of Rs.8.49 crore by Rapid Mutlimodal Logistics Ltd. founded in July 2020. The company based in Chennai, began offering its clients a one-stop logistical solution. The company's primary market is the industry's B2B sector. 

The company provides services for both single and multimodal transportation. These services include integrating several forms of transportation such as land, air, and sea into a single supply chain to increase productivity and satisfy cargo demands. Planning, route optimization, carrier selection, paperwork, containerization, tracking, communication, last-mile delivery, and performance assessment are all included in this.

Glass, plywood, paper, edible oil, gypsum boards, iron and steel, scraps, tiles, sanitary, and liquor are among the few that the company serves.

The company plans to launch its SME IPO on August 22, 2024.

Rapid Multimodal Logistics IPO Overview

The Rs.8.49 crore Rapid Multimodal Logistics Ltd. IPO consists of a wholly fresh issue of 10.11 lac Shares, out of which 50% is to retail investors, and 50% to other investors' portion is reserved.

The IPO date is from August 22 to August 27, 2024. The IPO listing is on Friday, August 30, 2024, on BSE and SME. Rapid Mutlimodal Logistics IPO price is Rs.84 for each Share.

To open a demat account and apply for the IPO, Click Here.

Company Financial

Below is the synopsis of the company's financial data for the period that concluded on 31 March 2024.

• The total assets of the company are Rs.839.76 lac.

• The total revenue of the company is Rs.7,184.25 lac.

• The company's PAT is Rs.179.23 lac.

• The net worth of the company is Rs.471.55 lac.

• The company’s EBITDA is Rs.275.78 lac.
  
  

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

State-wise Revenue Breakdown

(Amount in lac)

 

The Objective of The Issue

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

• To meet needs for working capital.

• General corporate purposes.

Peers of Rapid Mutlimodal Logistics Ltd. 

 

 

Evaluation

The IPO price is Rs.84 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.6.40 from the last year, the resulting P/E ratio is 13.12x.

Considering the weighted average EPS of Rs.6.16 for the last three years, the P/E ratio is 13.65x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is not available in the DRHP & RHP of the company.

 

IPO's Strengths 

• Flexible selection of transportation options

• Model route optimization

• Building sturdy partnerships with lorry vendors and encouraging resilient collaborations

• Optimal cost management

• Word-of-mouth praise

• Informal lobbying client accessibility and closeness.

 

IPO’s Weaknesses

• Since the company doesn't own any cars, it relies a lot on its vendors to supply transportation for the logistics services it offers. The company's operations and profitability may be negatively impacted if the vendors were to disappear or significantly reduce their services.

• For the year ended March 31, 2022, the company's investing activities had a negative cash flow. Similarly, for the years ended March 31, 2023, and 2022, and for the years ended March 31, 2024, and 2023, its financing activities had a negative cash flow.

• Significant fraud, internal control gaps, or system malfunctions could harm the company's operations.

• Claims concerning personal injury, cargo loss or damage, and other operating hazards that are underinsured may be brought against the company.

• Its reliance on the consigner's documents and the incomplete verification of the contents of the commodities it transports exposes it to the risks involved in transporting products against statutory restrictions.

 

Rapid Mutlimodal Logistics IPO GMP Today

IPO GMP today is not yet available.

IPO Timetable (Tentative)

The IPO date is from August 22 to August 27, 2024, with allotment on August 28, refund initiation on August 29, and listing on August 30, 2024.

Rapid Mutlimodal Logistics IPO Details

The IPO with a Face Value of Rs.10 per Share is set to start on August 22, 2024, close on August 27, 2024, and offer a total issue size of 1,011,200 Shares (aggregating up to Rs.8.49 Cr) comprising a whole fresh issue size of 1,011,200 Shares (totaling up to Rs.8.49 Cr).

 

 

Rapid Mutlimodal Logistics IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.134,400 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.268,800.

 

Rapid Mutlimodal Logistics IPO Reservation

 

Promoters And Management of Rapid Mutlimodal Logistics Ltd.

• Mr. Narayan Agarwal

• Mr. Manoj Goel

• Mr. Summit Agarwal

• Ms. Nidhi Agarwal
  
  

 

IPO Lead Managers

• Gretex Corporate Services Ltd.
  
  

Dividend Policy

The company has not declared dividends in the last three years.

Conclusion

The company has experienced negative cash flow in operating, financing, and investing activities in the last fiscal years. The company’s total assets and net worth have increased in the period FY 31 Mar 2023 to 31 Mar 2024, but revenue, total borrowings, reserves & surplus, and PAT have decreased. So the company has performed well in terms of gaining net worth and total assets and reducing borrowings but on the other side performed poorly considering factors like revenue, reserves & surplus, and PAT. To achieve its goals, the company is currently launching an IPO for the general public

We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

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.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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