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Rapid Multimodal Logistics IPO is a fixed price issue of Rs 8.49 crores. The issue is entirely a fresh issue of 10.11 lakh shares.
Rapid Multimodal Logistics IPO bidding opened for subscription on August 22, 2024 and will close on August 27, 2024. The allotment for the Rapid Multimodal Logistics IPO is expected to be finalized on Wednesday, August 28, 2024. Rapid Multimodal Logistics IPO will list on BSE SME with tentative listing date fixed as Friday, August 30, 2024.
Rapid Multimodal Logistics IPO price is ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.
Gretex Corporate Services Limited is the book running lead manager of the Rapid Multimodal Logistics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rapid Multimodal Logistics IPO is Gretex Share Broking.
Refer to Rapid Multimodal Logistics IPO RHP for detailed information.
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,011,200 shares (aggregating up to ₹8.49 Cr) |
| Fresh Issue | 1,011,200 shares (aggregating up to ₹8.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,800,000 |
| Share holding post issue | 3,811,200 |
| Market Maker portion | 51,200 shares Gretex Share Broking |
Rapid Multimodal Logistics IPO offers 1,011,200 shares. 480,000 (47.47%) to NII, 480,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 51,200 (5.06%) |
| Other Shares Offered | 480,000 (47.47%) |
| Retail Shares Offered | 480,000 (47.47%) |
| Total Shares Offered | 1,011,200 (100%) |
Rapid Multimodal Logistics IPO opens on August 22, 2024, and closes on August 27, 2024.
| IPO Open Date | Thursday, August 22, 2024 |
| IPO Close Date | Tuesday, August 27, 2024 |
| Basis of Allotment | Wednesday, August 28, 2024 |
| Initiation of Refunds | Thursday, August 29, 2024 |
| Credit of Shares to Demat | Thursday, August 29, 2024 |
| Listing Date | Friday, August 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 27, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Narayan Agarwal, Mr. Manoj Goel, Summit Agarwal and Ms. Nidhi Agarwal.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.
The company offers both single and multimodal transportation services. These services involve using multiple modes of transportation, like road, rail, and sea, in one supply chain to improve efficiency and meet shipment requirements. This includes planning, route optimization, selecting carriers, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation.
The company caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor.
As of January 2024, the company has 17 employees on its payroll.
Rapid Multimodal Logistics Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 839.76 | 699.14 | 673.51 | |||||||||||||||||||||||||||
| Revenue | 7,184.25 | 7,296.17 | 4,774.4 | |||||||||||||||||||||||||||
| Profit After Tax | 179.23 | 200.48 | 95.43 | |||||||||||||||||||||||||||
| Net Worth | 471.55 | 300.59 | 100.11 | |||||||||||||||||||||||||||
| Reserves and Surplus | 191.55 | 295.59 | 95.11 | |||||||||||||||||||||||||||
| Total Borrowing | 201.07 | 227.88 | 357.59 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Rapid Multimodal Logistics IPO is Rs 32.01 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.42% |
| ROCE | 48.98% |
| Debt/Equity | 0.19 |
| RoNW | 38.01% |
| P/BV | 1.36 |
| PAT Margin (%) | 2.5 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.4 | 4.7 |
| P/E (x) | 13.12 | 17.86 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
[Dilip Davda] The company is operating in one stop logistics solutions which is a highly competitive and fragmented segment. The company marked inconsistency in its top and bottom lines. Small paid-up equity capital post-IPO indicates longer gestation period for migration. Based on FY24 earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for medium term. Read detail review...
The Rapid Multimodal Logistics IPO is subscribed 11.50 times on August 23, 2024 7:02:08 PM. The public issue subscribed 18.56 times in the retail category, times in the QIB category, and 4.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 4.44 |
| Retail | 18.56 |
| Total | 11.50 |
Total Application : 6,555 (21.85 times)
Rapid Multimodal Logistics Limited
New No.44, Old No.78
Shrofforchards
Chennai - 600010
Phone: +91 044264 40181
Email: info@rapidlogistics.in
Website: http://www.rapidlogistics.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Rapid Multimodal Logistics IPO is a SME IPO of 1,011,200 equity shares of the face value of ₹10 aggregating up to ₹8.49 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600 Shares.
The IPO opens on August 22, 2024, and closes on August 27, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rapid Multimodal Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Rapid Multimodal Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rapid Multimodal Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rapid Multimodal Logistics IPO opens on August 22, 2024 and closes on August 27, 2024.
Rapid Multimodal Logistics IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.
You can apply in Rapid Multimodal Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rapid Multimodal Logistics IPO will be done on Wednesday, August 28, 2024, and the allotted shares will be credited to your demat account by Thursday, August 29, 2024. Check the Rapid Multimodal Logistics IPO allotment status.
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