Listed
Rapid Fleet Management Services Limited IPO
Rapid Fleet IPO is a book built issue of Rs 43.87 crores. The issue is entirely a fresh issue of 22.85 lakh shares. Rapid Fleet IPO opens for subscription on March 21, 2025 and closes on March 25, 2025. The allotment for the Rapid Fleet IPO is expected to be finalized on Wednesday, March 26, 2025. Rapid Fleet IPO will be list on NSE SME with a tentative listing date fixed as Friday, March 28, 2025.
Min Investment
₹1,09,800
Lot Size
600 Shares
Price Range
₹183.0 - 192.0
Issue Size (₹ Cr.)
₹43.87 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
1.65x
EPS
₹ 10.86
P/E Ratio
17.68 x
RoNW
40.06%
ROE
50.09%
Debt to Equity (₹ Cr.)
0.40
Timeline
IPO Opened21/03/2025Friday
IPO Closed25/03/2025Tuesday
Allotted26/03/2025Wednesday
Refunded27/03/2025Thursday
Listed28/03/2025Friday
Strengths
- Growing Demand for Fleet Services – Rising need for logistics, corporate transportation, and rental services supports business expansion.
- Fleet Expansion Strategy – IPO funds will be used to acquire new vehicles, increasing service capacity and revenue potential.
- Improving Financial Stability – Debt-to-Equity ratio decreased from 0.75 to 0.40, reflecting reduced reliance on borrowings.
- Diverse Client Base – Serves corporate, government, and private sector clients, reducing dependency on a single revenue source.
- Strong Industry Outlook – The transportation and fleet management sector is expected to grow with rising e-commerce and urban mobility demands.
Weaknesses
- High Operational Costs – Fleet management requires significant fuel, maintenance, and insurance expenses, impacting profit margins.
- Industry Competition – Faces strong competition from established logistics and ride-hailing companies, which can pressure pricing and market share.
- Dependence on Economic Conditions – Business performance is sensitive to fuel price fluctuations, interest rates, and economic slowdowns, affecting demand.
- Capital-Intensive Business – Requires continuous investment in vehicle acquisition and maintenance, leading to high working capital needs.
- Regulatory & Compliance Risks – Subject to transportation laws, vehicle safety regulations, and licensing requirements, which can increase operational costs.
Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 101.3 | 70.66 | 71.81 | 75.37 |
| Revenue(₹Cr) | 87.39 | 116.32 | 106.03 | 114.02 |
| Profit After Tax(₹Cr) | 7.01 | 8.07 | 4.71 | 3.4 |
| Net Worth(₹Cr) | 28.89 | 20.15 | 12.08 | 7.41 |
| Reserves and Surplus(₹Cr) | 23.74 | 20.05 | 11.98 | 7.31 |
| Total Borrowing(₹Cr) | 34.07 | 14.93 | 15.79 | 27.43 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | # of Share Offered | Number of Lots Offered | 21/03/2025 | 24/03/2025 | 25/03/2025 |
|---|---|---|---|---|---|
| QIB | 3,72,600 | 621 | 0.00x | 1.00x | 1.07x |
| NII | 2,79,600 | 466 | 0.03x | 0.06x | 4.38x |
| RII | 6,52,200 | 1087 | 0.13x | 0.29x | 0.81x |
| Total | 13,04,400 | 2174 | 0.07x | 0.44x | 1.65x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 3,72,600 | 3,99,000 | 7.66 | ||
| NII | 2,79,600 | 12,23,400 | 23.49 | ||
| RII | 6,52,200 | 5,29,800 | 10.17 | ||
| Total | 13,04,400 | 21,52,200 | 41.32 |
Company Details
- New No. 9, Old No. 5 Coral Merchant Street, Chennai - 600001
044-25210132
- info@rapidtransportsystems.in
- http://www.rapidfleet.in/
Registrar Details
- N/A
+91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
