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Rapid Multimodal Logistics Ltd

Logistics

Offer Period :

22nd to 27th Aug 2024

Rapid Multimodal Logistics Ltd IPO Details

IPO Date 22nd to 27th Aug 2024 Minimum Investment ₹134400 / 1 Lots
Listing Date 2024-08-30 Maximum Investment ₹134400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹8.49 Crores
Price ₹84 to ₹84 per share Fresh Issue ₹8.49 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ [-]
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 2800000 Shares
Issue Type Fixed Price - SME Shareholding Post Issue 3811200 Shares
IPO Date 22nd to 27th Aug 2024
Listing Date 2024-08-30
Face Value ₹10 per share
Price ₹84 to ₹84 per share
Lot Size 1 Lots (1600 Shares)
Listing At BSE-SME
Total Issue Size ₹8.49 Crores
Employee Discount ₹0 per share
Issue Type Fixed Price - SME
Minimum Investment ₹134400 / 1 Lots
Maximum Investment ₹134400 / 1 Lots
Fresh Issue ₹8.49 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 2800000 Shares
Shareholding Post Issue 3811200 Shares

About Rapid Multimodal Logistics Ltd IPO

Founding Head: 2020

Managing Director: [-]

RAPID MULTIMODAL LOGISTICS LIMITED Timeline

Important dates for allocation and IPO listing.

22nd Aug

IPO Opens

27th Aug

IPO Close

28th Aug

Allotment Date

29th Aug

Initiation of Refund

29th Aug

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.47
Public Group 0 26.53

Rapid Multimodal Logistics Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 480000(47.47%)
Retail Shares Offered 480000(47.47%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1011200
Total Shares With Anchor Investor 1011200

Rapid Multimodal Logistics Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹0
Retail (Max) 0 0 ₹0
S HNI (Min) 1 1600 ₹0
S HNI (Max) 0 0 ₹0
B HNI (MIN) 1 1600 ₹0

Rapid Multimodal Logistics Ltd IPO Anchor Investor Details

Bid Date -
Shares Offered 0
Anchor Portion Size 0

Rapid Multimodal Logistics Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 - 22 - 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Rapid Multimodal Logistics Ltd IPO Lead Manager

1. Gretex Corporate Services Ltd

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Rapid Multimodal Logistics Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹4.72 ₹3.01 ₹1
Reserves and Surplus ₹1.92 ₹2.96 ₹0.95
Total Borrowing ₹2.01 ₹2.28 ₹3.58

Rapid Multimodal Logistics Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 7512000 0
Non Institutional Investors (NIIs) 0 246196800 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 82822400 0
Total 0 336531200 332.8038

Strength of Rapid Multimodal Logistics Ltd

1. Versatile Range of Transportation Solutions with Exemplary Route Optimization.

2. Cultivating Resilient Collaborations with Lorry Vendors.

3. Optimal Cost Management.

4. Fostering Long-Term Partnerships.

5. Word-of-Mouth Acclaim and Informal Advocacy.

6. Proximity and Accessibility for Clients.

Risks Involved

1. Its business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

2. The company Registered Office is not owned by it. The same is occupied by it on a lease basis. Disruption of its rights as lessee or termination of the agreements with the company lessor would adversely impact its operations and, consequently, its business.

3. The company depends significantly on its clients from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect its business and profitability.

4. The company does not own any vehicles for logistics services provided by it, the company depends significantly on its vendors to provide transport facilities. A loss of, or a significant decrease in services provided by its vendors could adversely affect the company's business and profitability.

5. Its business involves usage of manpower and any unavailability of the company employees or any strikes, work stoppages may have an adverse impact on its cash flows and results of operations.

6. The company has collaborated as a Business Associates with one of the leading players of logistics industry. Any disruption in renewal of tie up agreement may adversely affect its business.

7. Its business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

8. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

9. The Company has a negative cash flow in its operating activities for the year ended on March 31, 2022, investing activities for the year ended March 31, 2023 and 2022 and Financing Activity for the year ended March 31,2024 and 2023 details of which are given below. Sustained negative cash flow could impact its growth and business.

10. There were certain non-disclosures in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.

Why should you invest in

-

Rapid Multimodal Logistics Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

RAPID MULTIMODAL LOGISTICS LIMITED IPO Contact Details

RAPID MULTIMODAL LOGISTICS LIMITED
Phone Number +91 044 2644 0181
Email Id info@rapidlogistics.in
Address New # 44 Old # 78, Shroff Orchards, Chennai, Tamil Nadu, 600010
Our Website www.rapidlogistics.in

Rapid Multimodal Logistics Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-30 544237 -
INE0QA901010
₹84 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹84 ₹84
Open ₹103 ₹0
Low ₹99 ₹0
High ₹108.15 ₹0
Low ₹99 ₹0

Frequently Asked Questions

What is Rapid Multimodal Logistics Ltd IPO?

Answer Field

Rapid Multimodal Logistics Ltd IPO is a SME IPO of 10,11,200 equity shares of a face value of ₹10 aggregating up to ₹8.49 Crores. The issue is priced at ₹84 to ₹84 per share. The minimum order quantity is 1600 Shares. The IPO opens on August 22, 2024, and closes on August 27, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Rapid Multimodal Logistics Ltd IPO will open?

Answer Field

The Rapid Multimodal Logistics Ltd IPO opens on August 22, 2024 and closes on August 27, 2024.

What is the lot size of Rapid Multimodal Logistics Ltd?

Answer Field

Rapid Multimodal Logistics Ltd lot size is 1600 shares, and the minimum amount required is ₹1,34,400.

How to apply for Rapid Multimodal Logistics Ltd IPO?

Answer Field

You can apply in Rapid Multimodal Logistics Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rapid Multimodal Logistics Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rapid Multimodal Logistics Ltd IPO will be done on August 28, 2024, and the allotted shares will be credited to your demat account by August 29, 2024.

When is Rapid Multimodal Logistics Ltd IPO listing date?

Answer Field

The Rapid Multimodal Logistics Ltd listing date is August 30, 2024.

Who is the registrar of Rapid Multimodal Logistics Ltd IPO?

Answer Field

The registrar of Rapid Multimodal Logistics Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Gretex Corporate Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rapid Multimodal Logistics Ltd IPO?

Answer Field

The fresh issue size is ₹8.49 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rapid Multimodal Logistics Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,34,400 amount.

How can I approve the UPI mandate request for Rapid Multimodal Logistics Ltd IPO?

Answer Field

To apply for Rapid Multimodal Logistics Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rapid Multimodal Logistics Ltd?

Answer Field

The price of each Rapid Multimodal Logistics Ltd share will be ranging in between ₹84 to ₹84 per share.

What is the cut-off time for the UPI mandate for Rapid Multimodal Logistics Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 27, 2024.

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