The Rapid Multimodal Logistics IPO is a fixed-price issue amounting to Rs 8.49 crores. Notably, the entire issue consists of a fresh offering of 10.11 lakh shares. The Rapid Multimodal Logistics IPO is set to open for subscription on August 22, 2024, and will close on August 27, 2024. Subsequently, the allotment for the IPO is expected to be finalized on Wednesday, August 28, 2024. Furthermore, the IPO will be listed on the BSE SME, with the tentative listing date scheduled for Friday, August 30, 2024.
Table of contents
- Rapid Multimodal Logistics IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Rapid Multimodal Logistics IPO GMP (Grey Market Premium)
- Rapid Multimodal Logistics IPO Application Form PDF
- Rapid Multimodal Logistics IPO Subscription Status
- Rapid Multimodal Logistics IPO Allotment Status
- IPO Review
- Rapid Multimodal Logistics IPO Registrar
- Rapid Multimodal Logistics IPO Lead Manager
- Rapid Multimodal Logistics Limited Contact
- Rapid Multimodal Logistics IPO FAQs
Rapid Multimodal Logistics IPO Overview
| Company Name | Rapid Multimodal Logistics Limited |
| Industry | Construction Material Manufacturing Industry |
| IPO Issue Type | Fixed Price Issue |
| Open Date | August 22, 2024 |
| Close Date | August 27, 2024 |
| Total Issue Size | ₹8.49 Crores (1,011,200 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹8.49 Crores (1,011,200 Equity Shares) |
| Price Band | ₹84 per share |
| Listing on | BSE SME |
| Lot Size | 1600 shares |
| Offer for Sale | NIL |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
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.
Moreover, they serve a wide range of industries, such as glass, plywood, paper, edible oil, gypsum boards, iron & steel, scraps, tiles, sanitary products, and liquor. Their dedication to excellence is reflected in their tailored solutions for each industry and their comprehensive domestic reach across India. Notably, their extensive client base, with significant revenue from Chennai, Balasore, Sri City (Tada), Krishnapatnam, Vizag, and Morbi, highlights their successful commitment to service.
Key Dates
| IPO Open Date | August 22, 2024 |
| IPO Close Date | August 27, 2024 |
| Basis of Allotment | August 28, 2024 |
| Refunds | August 29, 2024 |
| Credit to Demat Account | August 29, 2024 |
| IPO Listing Date | August 30, 2024 |
Financials (₹ in Crores)
| Year | 31 March 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹8.39 | ₹6.99 | ₹6.73 |
| Revenue | ₹71.84 | ₹72.96 | ₹47.74 |
| Profit After Tax (PAT) | ₹1.79 | ₹2 | ₹0.95 |
| Net Worth | ₹4.71 | ₹3 | ₹1 |
| Total Borrowings | ₹2.01 | ₹2.27 | ₹3.57 |
Objective of the Issue
The issue proceeds from the fresh issue will be utilized for the following purposes:
- Firstly, to meet capital expenditure.
- Secondly, for general corporate purposes.
Company Promoters
- Mr. Narayan Agarwal
- Mr. Manoj Goel
- Summit Agarwal
- Ms. Nidhi Agarwal
Rapid Multimodal Logistics IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Rapid Multimodal Logistics IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Rapid Multimodal Logistics Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Rapid Multimodal Logistics IPO Application Form PDF
To download the Rapid Multimodal Logistics IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Rapid Multimodal Logistics IPO Subscription Status
Rapid Multimodal Logistics’s IPO subscription kicks off on August 22, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Rapid Multimodal Logistics IPO Allotment Status
To check the Rapid Multimodal Logistics IPO allotment status go to the IPO registrar website Bigshare Services Private Limited or go to IPO Allotment.
Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company offers end-to-end logistical solutions, thereby becoming a one-stop provider for B2B clients.
- By integrating road, rail, and sea transportation within a single supply chain, the company enables flexible and optimized routes.
- Serving a variety of industries such as glass, plywood, paper, edible oil, and steel, among others, helps reduce reliance on any single sector.
- The company provides tailored logistics solutions, which in turn can give it a competitive edge in addressing specific client needs.
- As a Chennai-based company specializing in B2B services, it gains a strategic advantage in addressing the needs of South Indian industries.
Risks:
- Although the company may face challenges in scaling operations quickly, it could also struggle with handling larger and more complex logistical demands.
- Moreover, the company is exposed to risks related to industry-specific downturns, which could, in turn, affect demand for its logistics services.
- While multimodal logistics represents a strength, it nevertheless poses risks due to dependencies on multiple transportation networks.
- Furthermore, the logistics sector is highly competitive, with numerous well-established players offering similar services.
- In addition, the logistics industry is subject to various regulations, including those related to transportation, environmental laws, and customs.
Rapid Multimodal Logistics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rapid Multimodal Logistics IPO Lead Manager
Gretex Corporate Services Limited
13, 1st Floor, Bansilal Mansion, 9-15 Homi Modi Street,
Fort Mumbai- 400001, Maharashtra.
Phone: +91 98368 22199
Email: info@gretexgroup.com
Website: https://gretexcorporate.com/
Rapid Multimodal Logistics Limited Contact
Rapid Multimodal Logistics Limited
New No.44, Old No.78
Shrofforchards
Chennai – 600010
Phone: +91 044264 40181
Email: info@rapidlogistics.in
Website: http://www.rapidlogistics.in/
Rapid Multimodal Logistics IPO FAQs
1. What is Rapid Multimodal Logistics’s IPO?
Rapid Multimodal Logistics’s IPO is an upcoming BSE SME IPO. In particular, the company plans to raise ₹8.49 crores through this initial public offering. Specifically, the issue is priced at ₹84 per equity share. Consequently, the IPO will be listed on the BSE.
Moreover, Rapid Multimodal Logistics’s IPO size is ₹8.49 crores.
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
The IPO bid is 1600 shares with ₹134,400.
You can easily apply for Rapid Multimodal Logistics’s IPO online through ASBA via your bank account. First, log in to your online banking portal. Next, navigate to the IPO application section. Then, follow the instructions provided to complete your application. Finally, submit your request and monitor its status through your bank account.
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