Rapid Fleet IPO is a book built issue of Rs 43.87 crore. The issue is entirely a fresh issue of 22.85 lakh shares.
The Rapid Fleet IPO bidding opened for subscription on March 21, 2025 and will close on March 25, 2025. Allotment for Rapid Fleet IPO is expected to be finalized on Wednesday, March 26, 2025. Rapid Fleet IPO will be listed on NSE SME with a tentative listing date fixed as Friday, March 28, 2025.
The price band of Rapid Fleet IPO has been fixed at ₹183 to ₹192 per share. The minimum lot size for application is 600. The minimum investment amount required by retail investors is ₹1,09,800. But investors are suggested to bid at the cutoff price, which is around ₹1,15,200, to avoid an oversubscription scenario. The minimum lot size investment for HNIs is 2 lots (1,200 shares), which amounts to ₹2,30,400.
Greatex Corporate Services Limited is the book-running lead manager of Rapid Fleet IPO, while Bigshare Services Private Limited is the registrar to the issue. The market maker for Rapid Fleet IPO is MLB Stock Broking Private Limited.
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Rapid Fleet IPO Details
| IPO Date | March 21, 2025 to March 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹192 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 22,84,800 shares (aggregating up to ₹43.87 Cr) |
| Fresh Issue | 22,84,800 shares (aggregating up to ₹43.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,50,000 shares |
| Share Holding Post Issue | 74,34,800 shares |
| Market Maker Portion | 4,21,800 shares |
Rapid Fleet IPO Timeline (Tentative Schedule)
Rapid Fleet IPO opens on March 21, 2025, and closes on March 25, 2025.
| IPO Open Date | Fri, Mar 21, 2025 |
| IPO Close Date | Tue, Mar 25, 2025 |
| Tentative Allotment | Wed, Mar 26, 2025 |
| Initiation of Refunds | Thu, Mar 27, 2025 |
| Credit of Shares to Demat | Thu, Mar 27, 2025 |
| Tentative Listing Date | Fri, Mar 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 25, 2025 |
Rapid Fleet IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,15,200 |
| Retail (Max) | 1 | 600 | ₹1,15,200 |
| HNI (Min) | 2 | 1,200 | ₹2,30,400 |
| Lot Size Calculator | |||
Rapid Fleet IPO Reservation
Rapid Fleet IPO offers total 22,84,800 shares. Out of which 3,72,600 (16.31%) allocated to QIB, 2,79,600 (12.24%) allocated to NII, 6,52,200 (28.55%) allocated to RII and 5,58,600 (24.45%) allocated to Anchor investors.
Rapid Fleet IPO Promoter Holding
Mr. Anand Poddar and Ms. Shruti Poddar are the promoters of the company.
| Share Holding Pre Issue | 97.50% |
| Share Holding Post Issue | 67.54% |
Rapid Fleet IPO Anchor Investors Details
| Bid Date | March 20, 2025 |
| Shares Offered | 5,58,600 |
| Anchor Portion Size (In Cr.) | 10.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 24, 2025 |
Company Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 101.3 | 70.66 | 71.81 | 75.37 |
| Revenue | 87.39 | 116.32 | 106.03 | 114.02 |
| Profit After Tax | 7.01 | 8.07 | 4.71 | 3.4 |
| 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 | ||||
conclusion : The company is engaged in providing tailor made logistics services on B2B and B2C model. While it posted inconsistency in its top lines for the reported periods, it marked jump in bottom lines from FY24 onwards. Based on its super earnings from FY24 onwards, the IPO appears aggressively priced. It is operating in a highly competitive and fragmented segment. Small equity post-IPO indicates longer gestation period for migration to mainboard. There is no harm in skipping this ”High Risk/Low Return” pricey bet. Review By Neeraj chaurasiya on March 21, 2025
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