March 18, 2025
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What was the last grey market premium of Rapid Fleet IPO?
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Subscription status of Rapid Fleet IPO
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Rapid Fleet IPO Price Rs. 192 Lot 600 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
Rapid Fleet Allotment Link:
What is the business of Rapid Fleet?
Founded in 2006, Rapid Fleet Management Services Limited specializes in delivering comprehensive logistics and road transportation solutions designed to meet the needs of both B2B and B2C clients.
The company has experienced significant growth, now managing a fleet of over 200 vehicles, and serving a wide array of industries, including FMCG, automotive, and electronics.
To enhance operational efficiency, Rapid Fleet Management Services developed its own mobile app, enabling seamless, 24/7 business operations. The company places a strong emphasis on client compliance, utilizing advanced tools such as e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management to streamline processes and ensure high-quality service.
Get more information about the company @ http://www.rapidfleet.in/
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Rapid Fleet IPO Details |
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| IPO opens on | 21 March 2025 |
| IPO closes on | 25 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2284800 Shares / Rs 43.87 Crore |
| * Fresh Issue | 2284800 Shares / Rs. 43.87 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 421800 Shares |
| Net offer to Public | 1863000 Shares/ Rs 35.77 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 183-192 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | 931500 | 17.88 |
| HNI (50%) | 279450 | 5.37 |
| RII (50%) | 652050 | 12.52 |
| Total Shares | 1863000 | 35.77 |
| Retail portion will be oversubscribed by |
1087 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 600 Shares | Rs.115200 |
| Min HNI Application | 1200 Shares | Rs. 230400 |
Who are the Promoters of Rapid Fleet?
Mr. Anand Poddar and Ms. Shruti Poddar are the promoters of the company
What are the Objects of Rapid Fleet IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
1. Purchase of Goods carriage vehicles
2. for working capital requirements
3. General Corporate purposes
Tentative timetable |
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| IPO opens on | 21 March 2025 |
| IPO Closes on | 25 March 2025 |
| IPO Allotment on | 26 March 2025 |
| Refund Initiation | 27 March 2025 |
| Credit of Shares | 27 March 2025 |
| Listing on | 28 March 2025 |
| Registered Office of the Company Rapid Fleet Management Services Limited New No. 9, Old No. 5 Coral Merchant Street, Chennai – 600001 |
| Who is the Lead Manager of this IPO? Gretex Corporate Services Ltd |
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Who is the Registrar to IPO? Bigshare Services Ltd |
Rapid Fleet IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Rapid Fleet IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 114.02 | 3.40 | – | – |
| 2022-23 | 106.03 | 4.71 | – | – |
| 2023-24 | 116.32 | 8.07 | 15.67 | 40.06 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 192 | ||
Key Performance
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| Price/EPS of 23-24 | 12.25 |
| Price/BV Ratio | 4.76 |
| Debt/Equity Ratio | 0.74 |
How Rapid Fleet IPO compares with the Peers?
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
| Rapid Fleet | 0.10 | 12.25 | |
| Premier Road lines | 16.98 | ||
| AVG Logistics | 0.02 | 17.72 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Rapid Fleet IPO Review by Paresh Gordhandas, CA & Research Analyst.
Will update soon
+ from fundamental angle:
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