Rapid Fleet IPO: Key Details, Financials, and Investment Insights
Summary of Rapid Fleet IPO
Rapid Fleet IPO is set to open for subscription on March 21, 2025, and will close on March 25, 2025. It is a Book Built Issue IPO, with a total issue size of ₹43.87 crores, consisting of a fresh issue worth ₹43.87 crores. The IPO price band has been set between ₹183 to ₹192 per share. The company has reserved 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. The IPO allotment will be finalized on March 26, 2025, with shares being listed on the NSE SME platform on March 28, 2025.
Rapid Fleet IPO Details
| IPO Details | Information |
|---|---|
| IPO Open Date | March 21, 2025 |
| IPO Close Date | March 25, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹183 – ₹192 per share |
| Issue Size | ₹43.87 crores |
| Fresh Issue | ₹43.87 crores |
| Offer for Sale (OFS) | Not specified |
| Issue Type | Book Built Issue |
| Listing Platform | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Market Lot and Investment Details
The minimum lot size for retail investors is 600 shares, requiring an investment of ₹1,15,200.
| Investor Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail – Minimum | 1 | 600 | ₹1,15,200 |
| Retail – Maximum | 1 | 600 | ₹1,15,200 |
| S-HNI – Minimum | 2 | 1200 | ₹2,30,400 |
Important Dates for Rapid Fleet IPO
| Event | Date |
|---|---|
| IPO Open Date | March 21, 2025 |
| IPO Close Date | March 25, 2025 |
| Basis of Allotment | March 26, 2025 |
| Refund Initiation | March 27, 2025 |
| Shares Credit to Demat | March 27, 2025 |
| Listing Date | March 28, 2025 |
Company Overview: Rapid Fleet Management Services Ltd.
Rapid Fleet Management Services Limited was founded in 2006 and is a logistics company specializing in road transportation services. The company caters to both B2B and B2C clients, providing customized logistics solutions.
Key Business Highlights
- Owns 174 trucks serving industries like Tyres, FMCG, Electronics, Chemicals, and Renewable Energy.
- Developed a mobile app for better business operations.
- Focuses on supply chain efficiency and customer satisfaction.
- Offers Full and Partial Load Services.
- Employee Strength: 68 employees (as of August 14, 2024).
Financial Performance of Rapid Fleet
The company has shown consistent financial growth over the past three years.
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Total Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹114.02 | ₹109.42 | ₹3.40 | ₹75.37 |
| 2023 | ₹106.03 | ₹99.60 | ₹4.71 | ₹71.81 |
| 2024 | ₹116.32 | ₹105.18 | ₹8.07 | ₹70.66 |
| Sept 2024 | ₹87.39 | ₹78.13 | ₹7.01 | ₹101.30 |
Financial Highlights
- Revenue increased from ₹106.03 crores (2023) to ₹116.32 crores (2024).
- Net profit increased from ₹4.71 crores (2023) to ₹8.07 crores (2024).
- Strong return ratios indicate financial stability.
Rapid Fleet IPO Valuation Metrics
The financial valuation of the company looks promising.
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 50.09% |
| Return on Capital Employed (ROCE) | 32.59% |
| EBITDA Margin | 14.68% |
| PAT Margin | 6.98% |
| Debt to Equity Ratio | 0.74 |
| Earnings Per Share (EPS) | ₹807.19 |
| Price-to-Earnings Ratio (P/E) | 11.34 |
| Return on Net Worth (RoNW) | 40.06% |
| Net Asset Value (NAV) | ₹2,014.98 |
Peer Comparison
Rapid Fleet competes with other logistics companies. Below is a comparison of key metrics:
| Company | EPS | PE Ratio | RoNW % | NAV (₹) | Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Premier Roadlines Ltd. | 7.50 | 16.98 | 31.77% | 3,973.69 | 228.54 |
| AVG Logistics Ltd. | 27.34 | 17.72 | 16.35% | 20,009.26 | 479.76 |
| Rapid Fleet Ltd. | 807.19 | 11.34 | 40.06% | 2,014.98 | 116.32 |
Objects of the Issue
The funds raised from the IPO will be used for:
- Purchase of Vehicles (Goods Carriages) – To expand their logistics fleet.
- Working Capital Requirements – To support operational growth.
- General Corporate Purposes – Business expansion and enhancement.
Lead Managers & Registrar
- Lead Manager: Gretex Corporate Services Limited
- Registrar: Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare Services IPO Status
Rapid Fleet IPO: FAQs
1. What is the Rapid Fleet IPO issue size?
The IPO issue size is ₹43.87 crores.
2. When does Rapid Fleet IPO open for subscription?
The IPO will open on March 21, 2025, and close on March 25, 2025.
3. What is the price band for Rapid Fleet IPO?
The price band is ₹183 to ₹192 per share.
4. How to apply for Rapid Fleet IPO?
Investors can apply via ASBA (Application Supported by Blocked Amount) through their bank or UPI-enabled stockbrokers.
5. When will Rapid Fleet IPO be listed?
The shares will be listed on NSE SME on March 28, 2025.
Final Thoughts
Rapid Fleet IPO presents a good investment opportunity with strong financials, solid growth, and a promising logistics sector outlook. Investors looking for long-term gains may find this IPO attractive.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing.
