Rapid Multimodal IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Table of Contents

What is the business of Rapid Multimodal?

The company is in collaboration with one of the leading players in Logistics Industry. It has a tie up agreement with them on yearly renewal of contract of railway shipments for our clients. For Railway and Coastal transport orders, it deals with their authorized designated person.

The Company carries its logistics operation via three routes i.e. by road, by rail and by sea route. Vehicles involved in its business are Light Commercial Vehicle, Heavy Commercial Vehicle, Tippers, Open Body Vehicles, Closed Body Vehicles, Containerized Load, Cargo / goods train, Container / Cargo ship, etc. The Company solely relies on third party logistics that enables the company to focus on core activities, scale operations efficiently, and access specialized expertise and technology, while mitigating risks and enjoying cost savings associated with vehicle ownership and maintenance.

Get more information about the company @ http://www.rapidlogistics.in

Who are the Promoters of Rapid Multimodal IPO?

Mr. Naryan Agarwal, Mr. Manoj Goel, Mr. Summit Agarwal and Ms. Nidhi Agarwal
 are the promoters of the company

What are the Objects of Rapid Multimodal IPO?

The Offer comprises of only fresh issue of shares.

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects 
a) Working Capital Requirements
b) General Corporate Purposes

Rapid Multimodal IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Rapdi Multimodal IPO Review

The company is in collaboration with one of the leading players in Logistics Industry. It has a tie up agreement with them on yearly renewal of contract of railway shipments for our clients. For Railway and Coastal transport orders, it deals with their authorized designated person.

Size:  Net size of the IPO is Rs.8.06 crore, comprising of 960000 shares. The size of the IPO is very small and hence huge oversubscription is possible.
Financial Snapshot: The company has strong topline and bottom-line.  The shares are offered at reasonable valuation and there is scope for listing gains.
+ from fundamental angle: May Apply
+ from grey market angle: ?

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Rapid Multimodal IPO GMP today allotment, review?

Rapid Multimodal IPO GMP grey market premium

Rapid Multimodal IPO FAQs

What is Rapid Multimodal IPO?

This is a SME IPO of 1011,200 equity shares of the face value of Rs. 10 aggregating up to Rs.8.49 Crores. The issue is priced at Rs.84 per share. The minimum order quantity is 1600 Shares.

When will Rapid Multimodal IPO subscription open?

Rapid Multimodal IPO opens on August 22, 2024, and closes on August 27, 2024.

What is the lot size of Rapid Multimodal IPO?

Rapid Multimodal IPO lot size is 1600 Shares, and the minimum amount required is Rs.134400

How to apply for Rapid Multimodal IPO?

You can apply in Rapid Multimodal 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.

When is Rapid Multimodal IPO allotment?

The finalization of Basis of Allotment for Rapid Multimodal IPO will be done on August 28, 2024, and the allotted shares will be credited to your demat account by August 29, 2024.

When is Rapid Multimodal IPO listing date?

Rapid Multimodal IPO listing date is August 30, 2024.