RAPID MULTIMODAL LOGISTICS LIMITED

22 Aug 2024 - 27 Aug 2024 Individual Category SME BSE

Min Investment

₹134400

Price Band

₹84

Issue Size

10.11 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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22 Aug 2024

Open Date

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27 Aug 2024

Close Date

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28 Aug 2024

Allotment Date

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30 Aug 2024

Listing Date

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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About Rapid Multimodal Logistics Limited

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.

Founded

2020

Managing Director

Narayan Agarwal, Manoj Goel, Summit Agarwal and Nidhi Agarwal

Parent Organization

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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