Rapid Multimodal Logistics IPO subscription status started on August 22, 2024, and will close on August 27, 2024. The company aims to raise approximately ₹8.49 crore via this IPO. The retail quota is 50% and NII is 50%. The price band is fixed at ₹84 per equity share.
The IPO consists of a minimum market lot of 1600 Shares requiring an application amount of ₹1,34,400. Rapid Multimodal Logistics IPO is an SME IPO, and it will be listed on the BSE.
Table of contents
IPO Overview
Rapid Multimodal Logistics, based in Chennai, offers comprehensive logistical solutions primarily for the B2B sector. Specifically, they provide end-to-end logistics for transporting raw materials and finished goods. Their services involve managing and coordinating the entire supply chain, from origin to destination. Additionally, they offer single and multimodal transportation, using various modes like road, rail, and sea to enhance efficiency and meet specific shipment needs.
Furthermore, their services include shipment planning, route optimization, carrier selection, documentation, containerization, tracking, communication, coordination, last-mile delivery, and performance evaluation.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Rapid Multimodal Logistics IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| NII | 0.51 | 4.44 | 9.83 | 512.80 |
| RII | 5.36 | 18.56 | 46.73 | 172.55 |
| Total | 2.94 | 11.50 | 28.28 | 350.50 |
Rapid Multimodal Logistics IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Rapid Multimodal Logistics IPO Form
To apply for the Rapid Multimodal Logistics IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 22, 2024, for NII, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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