The issue is entirely a fresh issue of 10.11 lakh shares.Rapid Mutlimodal Logistics IPO is a fixed price issue of Rs 8.49 crores.
Rapid Mutlimodal Logistics IPO opens for subscription on August 22, 2024 and closes on August 27, 2024. The allotment for the Rapid Mutlimodal Logistics IPO is expected to be finalized on Wednesday, August 28, 2024. Rapid Mutlimodal Logistics IPO will list on BSE SME with tentative listing date fixed as Friday, August 30, 2024.
Rapid Mutlimodal Logistics IPO price is ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800.
Gretex Corporate Services Limited is the book running lead manager of the Rapid Mutlimodal Logistics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
About Rapid Mutlimodal Logistics Limited
Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.
The company 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.
The company caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor.
As of January 2024, the company has 17 employees on its payroll.
Refer to Rapid Mutlimodal Logistics IPO DRHP for detailed information.
Rapid Mutlimodal Logistics IPO 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 |
Rapid Mutlimodal Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Rapid Mutlimodal Logistics IPO Timeline (Tentative Schedule)
Rapid Mutlimodal Logistics IPO opens on August 22, 2024, and closes on August 27, 2024.| 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 Mutlimodal Logistics IPO 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 Mutlimodal Logistics IPO Promoter Holding
The promoters of the company are Mr. Narayan Agarwal, Mr. Manoj Goel, Summit Agarwal and Ms. Nidhi Agarwal.| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Rapid Mutlimodel Logistics Limited Financial Information (Restated)
| Period Ended | 20 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,132.34 | 699.14 | 673.51 | 4.96 |
| Revenue | 3,474.05 | 7,296.17 | 4,774.4 | |
| Profit After Tax | 106.38 | 200.48 | 95.43 | -0.32 |
| Net Worth | 406.58 | 300.59 | 100.11 | 4.68 |
| Reserves and Surplus | 401.58 | 295.59 | 95.11 | -0.32 |
| Total Borrowing | 508.18 | 227.88 | 357.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.16 | 21.04 |
| P/E (x) | 11.73 | 3.99 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 20, 2023 that is available in RHP.
Objects of the Issue (Rapid Mutlimodal Logistics IPO Objectives)
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
- Working Capital Requirements
- General Corporate Purposes.
Rapid Mutlimodal Logistics Limited Contact Details
Rapid Mutlimodal Logistics Limited
New No.44, Old No.78
Shrofforchards
Chennai – 600010
Phone: +91 044264 40181
Email: info@rapidlogistics.in
Website: http://www.rapidlogistics.in/
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