Rapid Multimodal Logistics IPO: Read Details Below

• Rapid Multimodal Logistics IPO is a fixed price issue of Rs 8.49 crores.
• This upcoming IPO bidding opens on August 22 and closes on August 27, 2024.
• Rapid Multimodal Logistics SME IPO price is set at Rs 84 per share.
• The minimum investment required is Rs 1,34,400.

Rapid Multimodal Logistics IPO: Synopsis 

Rapid Multimodal Logistics IPO is open for subscription starting Thursday, August 22, 2024, and closing on Tuesday, August 27, 2024. This upcoming IPO's price is Rs 84 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. 

The minimum investment required for retail category investors is Rs 1,34,400 (84 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,800 (84 x 3200 shares).

Rapid Multimodal Logistics IPO is a fixed price issue of Rs 8.49  crores. The upcoming issue is entirely a fresh issue of 10.11 lakhs equity shares. 

The allotment for this new IPO is expected to be finalised on Wednesday, August 28, 2024. Rapid Multimodal Logistics IPO will be listed on BSE SME on Friday, August 30, 2024. Gretex Corporate Services Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar for this IPO offer. 

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Rapid Multimodal Logistics IPO: About the company

Rapid Multimodal Logistics is incorporated in 2020, engaged in providing a one-stop logistical solution to its clients. The company mainly caters to the B2B segment of the industry. 

Rapid Multimodal offers both single and multimodal transportation services. These services involve using multiple modes of transportation, like road, rail, and sea, in one supply chain to improve efficiency and meet shipment requirements. This includes planning, route optimization, selecting carriers, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation. 

Rapid Multimodal caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor. They had a team of  17 employees. 

Rapid Multimodal Logistics IPO: Objectives

The funds received from the initial public offer, will be allocated for meeting the working capital requirement. The remaining funds will be utilised for the general corporate purposes. 

Rapid Multimodal Logistics IPO: Other Important Details

Time-Table of Rapid Multimodal Logistics IPO

Rapid Multimodal Logistics IPO: Financial Metrics (Amt in Rs Lakhs)

Rapid Multimodal Logistics posted revenue of Rs 7,296.17 lakhs and net profit of Rs 200.48 lakhs for the period ending on 31 Mar 2023. Earlier, in the period ending on 31 Mar 2022, the company posted a revenue of Rs 4,774.40 lakhs and PAT of Rs 95.43 lakhs.

Minimum Investment: Lot Size Details 

Promoters of Rapid Multimodal Logistics Limited and Their Holdings

The promoters of Rapid Multimodal Logistics are Narayan Agarwal, Manoj Goel, Summit Agarwal and Nidhi Agarwal. The promoters' shareholdings before the IPO were 99.99%; however, after the IPO, shareholding details are not available. 

Rapid Multimodal Logistics: Strength of Company

1.     Rapid Multimodal Logistics are involved in providing a one-stop logistical solution.

2.     The company primarily caters to the B2B segment of the industry.

3.     Rapid Multimodal Logistics PE ratio after the IPO is expected to be 3.99, which is quite low compared to the industry PE. 

FAQs

1. What are the details of the Rapid Multimodal Logistics IPO?

Rapid Multimodal Logistics IPO is a fixed price issue of Rs 8.49  crores. The upcoming issue is entirely a fresh issue of 10.11 lakhs equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, August 28, 2024. 

2. Who are the lead managers for the Rapid Multimodal Logistics IPO?

Gretex Corporate Services Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Rapid Multimodal Logistics Limited, handling the IPO's administrative aspects.

4. How can I apply for the Rapid Multimodal Logistics IPO?

The public subscription of this new IPO will open on August 22, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received from the initial public offer, will be allocated for meeting the working capital requirement. The remaining funds will be utilised for the general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Rapid Multimodal Logistics Limited IPO by visiting here. For further updates follow Bigul. 

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