Rapid Fleet Management Services Ltd

Rapid Fleet Management Services Ltd IPO

IPO Price Range: ₹183 - 192

We are a Chennai based company who provides road transportation logistics services tailored to the diverse needs of our B2B and B2C clientele. Our process begins with order booking, followed by route planning to optimize efficiency. Each shipment is carefully matched with an appropriate vehicle, factoring in cargo specifics for safe transit. Whether loading from designated stops or our warehouse, our team ensures goods are secured for the journey ahead. Utilizing GPS, FASTTAG SIM TRACKING navigation systems, we track and monitor every movement, providing real-time updates. Upon arrival at the destination, our unloading procedures guarantee safe delivery.

Min Investment

₹1,15,200

IPO Size

₹43 Cr

IPO Status

Closed

Quantity in 1 Lot

600

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Rapid Fleet Management Services Ltd

passed
Open Date21 Mar 2025
passed
Close Date25 Mar 2025
passed
Allotment Date26 Mar 2025
passed
Listing Date28 Mar 2025

IPO subscribed over

🚀 1.4918x

This IPO has been subscribed by 0.8144x in retail and 1.0709x in QIB.

Subscription Rate

Total Subscription1.4918x
Retail Individual Investors0.8144x
Qualified Institutional Buyers1.0709x
Non Institutional Investors5.8873x

Key Statistics

Bid Opening DateBid Opening Date21 Mar 2025
Bid Closing DateBid Closing Date25 Mar 2025
Allotment DateAllotment Date26 Mar 2025
Issue SizeIssue Size₹43.87Cr
Quantity in 1 lotQuantity in 1 lot600

Strengths and Risks of Rapid Fleet Management Services Ltd IPO

Strengths

Strengths

  • Implementation of an integrated TMS - Digitify Book.

  • In house Vehicle Fleet and its Safety for smooth operations and delivery.

  • Supply Chain Efficiency.

  • PAN India Transport.

  • Pride in catering to an esteemed clientele.

  • Dynamic Approach to Market Fluctuations.

  • Not compromising Quality Services.


Risks

Risks

  • The company business is dependent on the road network and its ability to utilize the company vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/ or profitability.

  • The company business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the company business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

  • There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • Significant dependence of revenue on Full Load and Exim Services and impact of lack of experience in renewable transportation services.

  • Majority of its revenues are generated from the State of Tamil Nadu Any adverse development affecting the company operations in this region could have an adverse impact on its business, financial condition and results of operations.

  • The company inability to pass on any increase in operating expenses, particularly fuel costs, to its customers which may adversely affect the company business and results of operations.

  • Claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured may adversely affect its business, results of operations and financial condition.

  • Its Registered Office is not owned by the company. The same is occupied by it on a rental basis. Disruption of its rights as tenant or termination of the agreements with the company landlord would adversely impact its operations and, consequently, the company business.

  • The company relies on third party service provider for setting and maintenance of the Digitify TMS platform to handle the complete lifecycle of full truck operations, from indent creation to invoicing and any shortcomings in the services they offer could have an impact on the Companys operations.

  • Its business is highly dependent on technology and any disruption or failures of the company technology systems may affect its operations.

Promoters Holding

Investors Holdings %
Anand Poddar39.31%
Shruti Poddar56.78%
Rajkumar Poddar0.49%
Shila Poddar0.49%
Radhika Modi0.45%

Frequently Asked Questions of Rapid Fleet Management Services Ltd IPO

  • What is the size of the Rapid Fleet Management Services Ltd IPO?

    The size of the Rapid Fleet Management Services Ltd IPO is ₹43.87Cr .

  • What is 'pre-apply' for Rapid Fleet Management Services Ltd IPO?

    'Pre-apply' for Rapid Fleet Management Services Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Rapid Fleet Management Services Ltd IPO order be placed?

    Your Rapid Fleet Management Services Ltd IPO order will be placed on 21 Mar 2025.

  • What are the open and close dates of the Rapid Fleet Management Services Ltd IPO?

    The open and close dates of the Rapid Fleet Management Services Ltd IPO are 21 Mar 2025 to 25 Mar 2025.

  • What is the lot size and minimum order quantity of the Rapid Fleet Management Services Ltd IPO?

    The lot size and minimum order quantity of the Rapid Fleet Management Services Ltd IPO are 600 and 600 respectively.

  • What would be the listing gains on the Rapid Fleet Management Services Ltd IPO?

    The potential listing gains on the Rapid Fleet Management Services Ltd IPO will depend on various market factors and cannot be predicted with certainty.