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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹43.87 Cr |
| Reserved for Market Maker | ₹8.10 Cr |
| Net Issue Size | ₹43.87 Cr |
| Fresh Issue | ₹35.77 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹183.00-192.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | RAPIDFLEET |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Gretex Corporate Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 600 shares and in multiples thereof
Incorporated in 2006, Rapid Fleet Management Services Limited is specializes in providing comprehensive logistics and road transportation services tailored to both B2B and B2C clients.
The company has expanded its operations significantly, currently managing a fleet of over 200 vehicles. They serve a diverse range of industries, including FMCG, automobile, and electronics sectors.
The company developed its own mobile app to streamline business processes, ensuring 24/7 operations. It focuses on client compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.
Services:
As of August 14, 2024, the company has 68 employees on payroll.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Vehicles (Goods carriages) | 13.02 |
| 2 | Working Capital Requirements | 19.12 |
| 3 | General Corporate Purposes | 6.50 |
| 4 | Issue Expenses | 5.25 |
| Total | 43.89 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 101.30 | 70.66 | 71.81 | 75.37 |
| Total Income | 87.39 | 116.32 | 106.03 | 114.02 |
| Profit After Tax | 7.01 | 8.07 | 4.71 | 3.40 |
| NET Worth | 28.89 | 20.15 | 12.08 | 7.41 |
| Reserves and Surplus | 23.74 | 20.05 | 11.98 | 7.31 |
| Total Borrowing | 34.07 | 14.93 | 15.79 | 27.43 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 50.09% |
| ROCE | 43.11% |
| Debt / Equity | 0.74% |
| RoNW | 40.06% |
| PAT Margin | 6.98% |
| Price to Book Value | 4.76 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 15.67 | 10.86 |
| P/E (x) | 12.25 | 17.68 |
| Promoter Holding | 97.5% | 67.54% |
| Market Cap | ₹142.75 Cr. | |
