The Rapid Multimodal Logistics IPO is a fixed-price issue amounting to ₹8.49 crores, featuring a fresh issue of 10.11 lakh shares.
Bidding for the Rapid Multimodal Logistics IPO opened on August 22, 2024, and will close on August 27, 2024. Allotments are expected to be finalized by Wednesday, August 28, 2024. The IPO will be listed on BSE SME, with the tentative listing date set for Friday, August 30, 2024.
The IPO price is ₹84 per share. The minimum lot size for applications is 1,600 shares, requiring a minimum investment of ₹134,400 for retail investors. High Net-Worth Individuals (HNIs) need to invest in a minimum of 2 lots (3,200 shares), totaling ₹268,800.
Below are the details of Rapid Multimodal Logistics Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Rapid Multimodal Logistics Details
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,011,200 shares (aggregating up to ₹8.49 Cr) |
| Fresh Issue | 1,011,200 shares (aggregating up to ₹8.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,800,000 |
| Share holding post issue | 3,811,200 |
| Market Maker portion | 51,200 shares |
Rapid Multimodal Logistics Timeline
| IPO Open Date | Thursday, August 22, 2024 |
| IPO Close Date | Tuesday, August 27, 2024 |
| Basis of Allotment | Wednesday, August 28, 2024 |
| Initiation of Refunds | Thursday, August 29, 2024 |
| Credit of Shares to Demat | Thursday, August 29, 2024 |
| Listing Date | Friday, August 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 27, 2024 |
Rapid Multimodal Logistics Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
Rapid Multimodal Logistics Reservations
| Investor Category | 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%) |
Rapid Multimodal Logistics Promoters Holding
The promoters of the company are Mr. Narayan Agarwal, Mr. Manoj Goel, Summit Agarwal and Ms. Nidhi Agarwal.
Rapid Multimodal Logistics Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 839.76 | 699.14 | 673.51 | |||||||||||||||||||||||||||
| 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 ₹ Lakhs | ||||||||||||||||||||||||||||||
Rapid Multimodal Logistics Review
Founded in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company specializing in comprehensive logistical solutions for its clients. The company primarily serves the B2B sector.
Rapid Multimodal Logistics provides both single and multimodal transportation services, integrating various modes of transport—such as road, rail, and sea—within a single supply chain to enhance efficiency and meet shipping needs. Their services include planning, route optimization, carrier selection, documentation, containerization, tracking, communication, last-mile delivery, and performance assessment.
The company serves a range of industries, including Glass, Plywood, Paper, Edible Oil, Gypsum Boards, Iron and Steel, Scraps, Tiles, Sanitary Products, and Liquor.
As of January 2024, Rapid Multimodal Logistics employs 17 people.