Rapid Fleet IPO is set to open for subscription on March 21, 2025, and will close on March 25, 2025. This IPO is a Book Built Issue, through which the company aims to raise approximately ₹43.87 crores. The offering consists of a fresh issue worth ₹43.87 crores and an offer for sale (OFS) of up to [.] equity shares with a face value of ₹10 each. Investors looking to participate in this IPO can bid within the price band of ₹183 to ₹192 per share.
The Rapid Fleet IPO allotment date is scheduled for March 26, 2025, and the shares are expected to be listed on NSE on March 28, 2025. The IPO has been structured with a retail quota of 35%, while Qualified Institutional Buyers (QIB) hold 50% and High Net-Worth Individuals (HNI) have 15% of the total issue.
Financially, Rapid Fleet Limited has shown strong growth. The company’s revenue surged to ₹116.32 crores in 2024, compared to ₹106.03 crores in 2023. Likewise, its net profit increased significantly from ₹4.71 crores in 2023 to ₹8.07 crores in 2024. These figures highlight a positive growth trajectory, making this IPO a compelling investment opportunity for long-term investors.
Considering its strong financial performance and growth potential, investors looking for a promising IPO in March 2025 may consider applying for the Rapid Fleet IPO for long-term gains. Stay updated on the latest IPO details, allotment status, and listing information to make informed investment decisions.
Rapid Fleet IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | March 21, 2025 |
| IPO Close Date: | March 25, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹183 to ₹192 Per Share |
| Issue Size: | Approx ₹43.87 Crores |
| Fresh Issue: | Approx ₹43.87 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Rapid Fleet Management Services: Company Overview, Strengths, and Risks
Rapid Fleet Management Services is a leading provider of fleet management solutions, offering a wide range of services to optimize transportation efficiency, reduce operational costs, and enhance vehicle performance. The company specializes in GPS tracking, fuel management, vehicle maintenance, and real-time fleet monitoring. With a commitment to innovation and technology-driven solutions, Rapid Fleet Management Services helps businesses streamline logistics, improve safety, and maximize productivity.
Strengths of Rapid Fleet Management Services
- Advanced Technology – The company integrates AI-powered GPS tracking, telematics, and predictive analytics to ensure efficient fleet operations.
- Cost-Effective Solutions – Rapid Fleet Management Services helps businesses reduce fuel consumption, maintenance costs, and idle time, improving overall profitability.
- Real-Time Monitoring – With 24/7 fleet tracking and real-time alerts, businesses can enhance security, prevent theft, and monitor driver behavior.
- Customizable Services – The company offers tailored solutions based on industry-specific needs, from small businesses to large enterprises.
- Strong Customer Support – Rapid Fleet Management Services provides dedicated support and assistance to ensure smooth operations for clients.
Risks Associated with Rapid Fleet Management Services
- Data Security Concerns – As the company deals with sensitive vehicle and logistics data, cybersecurity threats and data breaches can pose a risk.
- High Competition – The fleet management industry is highly competitive, with numerous players offering similar services, making differentiation crucial.
- Regulatory Compliance – The company must adhere to various transportation, safety, and data protection regulations, which may vary across regions.
- Technological Dependence – Any system downtime or technical failure could disrupt fleet tracking and operations, affecting service reliability.
- Market Fluctuations – Economic downturns and fuel price variations can impact the demand for fleet management services.
Rapid Fleet IPO Market Lot
The Rapid Fleet IPO comes with a minimum market lot of 600 shares, requiring an application amount of ₹1,15,200 for retail investors. This means that investors must apply for at least 600 shares to participate in the IPO.
| Application | 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 |
Rapid Fleet IPO Allotment & Listing Dates
The Rapid Fleet IPO is set to open for subscription on March 21, 2025, and will close on March 25, 2025. Investors eagerly awaiting allotment can expect the Rapid Fleet IPO allotment date to be finalized on March 26, 2025. Following the allotment process, the Rapid Fleet IPO listing date is scheduled for March 28, 2025, on the NSE.
| Type | Date |
|---|---|
| IPO Open Date: | March 21, 2025 |
| IPO Close Date: | March 25, 2025 |
| Basis of Allotment: | March 26, 2025 |
| Refunds: | March 27, 2025 |
| Credit to Demat Account: | March 27, 2025 |
| IPO Listing Date: | March 28, 2025 |
Rapid Fleet IPO: Promoters
- The promoters of the company are Mr. Anand Poddar and Ms. Shruti Poddar.
Rapid Fleet IPO Company Financial Report
Rapid Fleet IPO has shown impressive financial growth over the past year. The company’s revenue surged to ₹116.32 crores in 2024, reflecting a steady increase from ₹106.03 crores in 2023. Additionally, the net profit witnessed a remarkable jump, rising from ₹4.71 crores in 2023 to ₹8.07 crores in 2024. This significant improvement in financial performance highlights the strong fundamentals of Rapid Fleet IPO, making it a potential investment opportunity for long-term investors.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 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 |
| September 2024 | ₹87.39 | ₹78.13 | ₹7.01 | ₹101.30 |
Rapid Fleet IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 50.09% |
| ROCE: | 32.59% |
| EBITDA Margin: | 14.68% |
| PAT Margin: | 6.98% |
| Debt to equity ratio: | 0.74 |
| Earning Per Share (EPS): | ₹807.19 (Basic) |
| Price/Earning P/E Ratio: | 11.34 |
| Return on Net Worth (RoNW): | 40.06% |
| Net Asset Value (NAV): | ₹2,014.98 |
Rapid Fleet Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Premier Roadlines Limited | 7.50 | 16.98 | 31.77% | 3,973.69 | 228.54. Cr. |
| AVG Logistics Limited | 27.34 | 17.72 | 16.35% | 20,009.26 | 479.76 Cr. |
Objects of the Issue – Rapid Fleet IPO
The Rapid Fleet IPO is being launched to raise funds for key business objectives that will support the company’s growth and expansion. The proceeds from the IPO will be strategically utilized in the following areas:
- Purchase of Vehicles (Goods Carriages): A significant portion of the funds will be allocated for the acquisition of new goods carriage vehicles, enhancing the company’s operational capacity and logistics network.
- Working Capital Requirements: The IPO proceeds will help strengthen the company’s working capital, ensuring smooth operations and business scalability.
- General Corporate Purposes: A part of the funds will be used for corporate growth initiatives, covering administrative costs, business development, and other operational expenses.
With a strong focus on fleet expansion and financial stability, the Rapid Fleet IPO aims to boost the company’s market presence and enhance its service capabilities. Investors considering this IPO should take note of these objectives as they indicate the company’s long-term vision and potential for sustainable growth.
Rapid Fleet IPO Review
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Rapid Fleet IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rapid Fleet IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Rapid Fleet Company Address
Rapid Fleet Management Services Limited
New No. 9,
Old No. 5 Coral Merchant Street,
Chennai – 600001
Phone: 044-25210132
Email: info@rapidtransportsystems.in
Website: http://www.rapidfleet.in/
FAQs on Rapid Fleet IPO
The Rapid Fleet IPO is a Book Built Issue IPO through which the company aims to raise approximately ₹43.87 crores. It consists of a fresh issue worth ₹43.87 crores and an Offer for Sale (OFS).
IPO Open Date: March 21, 2025
IPO Close Date: March 25, 2025
Allotment Date: March 26, 2025
Listing Date: March 28, 2025
The Rapid Fleet IPO price band is set between ₹183 to ₹192 per share.
Retail investors must apply for a minimum of 600 shares, which requires an investment of ₹1,15,200.
The Rapid Fleet IPO will be listed on NSE SME on March 28, 2025.
The IPO proceeds will be used for:
Purchasing Vehicles (Goods Carriages) to expand fleet capacity.
Meeting Working Capital Requirements for smooth operations.
General Corporate Purposes, including business expansion.
The company’s promoters are Mr. Anand Poddar and Ms. Shruti Poddar.
In FY 2024, the company reported:
Revenue: ₹116.32 crores (up from ₹106.03 crores in FY 2023)
Net Profit: ₹8.07 crores (up from ₹4.71 crores in FY 2023)
The IPO registrar is Bigshare Services Pvt Ltd.
The lead manager (merchant banker) for the IPO is Gretex Corporate Services Limited.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
