Founded in 2020, Rapid Multimodal Logistics Limited provides comprehensive logistical solutions to B2B industries such as glass, plywood, paper, edible oil, iron and steel, gypsum boards, scraps, tiles, sanitary products, and liquor. Based in Chennai, the company offers both single and multimodal transportation services, coordinating road, rail, and sea transport.
Their services cover every aspect of logistics, including shipment planning, route optimisation, carrier selection, documentation, containerisation, tracking, communication, coordination, and last-mile delivery.
The Rapid Multimodal Logistics IPO, along with other recently listed IPOs, offers opportunities for investors. This article is for investors interested in knowing more about Rapid Multimodal Logistics IPO and thinking of applying for IPO online.
The Rapid Multimodal Logistics Limited IPO is a fixed-price offering valued at ₹8.49 crores, involving a fresh issuance of 10.11 lakh shares. This SME IPO opened for subscription today, i.e., August 22, 2024, and will close on August 27, 2024. Allotments are expected to be finalised by August 28, 2024, with the shares set to list on BSE SME on August 30, 2024.
Their dedication to excellence is evident in their customised logistics and supply chain solutions designed for various industries. Operating on a PAN India level, they offer extensive domestic coverage.
Their broad client base reflects their commitment to quality, with significant revenue generated from regions like Chennai, Balasore, Sri City (Tada), Krishnapatnam, Vizag, and Morbi. This success showcases their ability to cater to diverse needs across the country.
The IPO price is ₹84 per share. All retail investors can apply with a minimum lot size of 1,600 shares, requiring an investment of ₹134,400. High-net-worth individuals (HNIs) need to invest in a minimum of 3,200 shares, totalling ₹268,800.
Gretex Corporate Services Limited serves as the book-running lead manager, Bigshare Services Pvt Ltd is the registrar, and Gretex Share Broking acts as the market maker. The market capitalisation of Rapid Multimodal Logistics Limited IPO is 32.01 Cr. Here is a table for Rapid Multimodal Logistics Limited IPO date:
| Rapid Multimodal Logistics Limited IPO open date | August 22, 2024 (Thursday) |
| Rapid Multimodal Logistics Limited IPO close date | August 27, 2024 (Tuesday) |
| Rapid Multimodal Logistics Limited IPO allotment date | August 28, 2024 (Wednesday) |
| Refund initiation | August 29, 2024 (Thursday) |
| Crediting shares to DEMAT | August 29, 2024 (Thursday) |
| Rapid Multimodal Logistics Limited listing date | August 30, 2024 (Friday) |
| UPI mandate confirmation (Maximum time) | 5 PM on August 27, 2024 (Tuesday) |
Investors are required to bid for at least 1,600 shares, with additional shares in multiples of this amount. The table below illustrates the range of investments for both retail and high-net-worth individual (HNI) investors, detailing the minimum and maximum share quantities, as well as corresponding investment amounts.
| Application | Lots | Total Shares | Amount (in ₹) |
| Retail (Min) | 1 | 1600 | 134,400 |
| Retail (Max) | 1 | 1600 | 134,400 |
| HNI (Min) | 2 | 3,200 | 268,800 |
A company's GMP or grey market price indicates the market sentiment and investor interest before the actual listing takes place. Rapid Multimodal Logistics IPO GMP on August 22 stands at ₹0. This indicates a neutral market sentiment all throughout. Rapid Multimodal Logistics Limited experienced a 2% decline in revenue and an 11% decrease in PAT (profit after tax) between FY23 and FY24.
| Period Ended | Mar 2024 | Mar 2023 | Mar 2022 |
| Total assets | 839.76 | 699.14 | 673.51 |
| Total 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 ₹
As of August 22, the Rapid Multimodal Logistics upcoming IPO has been subscribed 2.34 times overall. The retail category saw the highest interest, with a subscription of 4.31 times, while the Qualified Institutional Buyers (QIB) category was subscribed 0.38 times, and the Non-Institutional Investors (NII) category also recorded a subscription of 0.38 times.
| Category of Investors | No. of 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%) |
The primary objectives of the Rapid Multimodal Logistics Limited IPO are to enhance working capital and address general corporate needs. The company plans to use the funds to meet day-to-day operational requirements, ensuring smooth functioning and uninterrupted services across its logistics network.
Additionally, a portion of the proceeds will support general corporate purposes, such as strengthening financial health, covering unforeseen expenses, and expanding business operations. This strategic move will help the company maintain its competitive edge in the logistics sector.Sign up on Ventura, a premium stock trading and investment platform, to trade securely and stay updated on all recently listed and upcoming IPOs.
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