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Rapid Multimodal Logistics Limited IPO And Its GMP
Rapid Multimodal Logistics Limited is a Chennai-based company engaged in the business of providing one-stop logistical solutions. The company mainly caters to the B2B segment of the industry. They provide an end-to-end logistics solution to manufacturers/traders to transport raw materials or finished goods.
They are involved in the management and coordination of the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination. They provide single as well as multimodal transportation services that involve the coordinated use of multiple modes of transportation (such as road, rail and sea) within a single, integrated supply chain to optimize efficiency and meet the unique requirements of shipments. Right from shipment planning, Route Optimization, Carrier Selection, Documentation, Containerization, Tracking and Communication and Coordination, Last-Mile Delivery and Performance Evaluation.
Book Running Lead Manager: Gretex Corporate Services Limited
Registrar: Bigshare Services Pvt Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Rapid Multimodal Logistics Limited IPO And Its GMP GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-09 | 84 | 10.0 (12%) | 2024-08-29 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Rapid Multimodal Logistics Limited IPO And Its GMP Details
| Detail | Description |
|---|---|
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Shareholding pre issue | 2,800,000 |
| Shareholding post issue | 3,811,200 |
Rapid Multimodal Logistics Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| 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 Multimodal Logistics Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
Rapid Multimodal Logistics Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | - |
Company & Financials
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.
Competitive Strength:
- -
Rapid Multimodal Logistics Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 Sep 2023 | 1,132.34 | 3,474.05 | 106.38 | 406.58 | - | 508.18 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.42% |
| ROCE | 48.98% |
| Debt/Equity | 0.19 |
| RoNW | 38.01% |
| PAT Margin (%) | 2.5 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.16 | 21.04 |
| P/E (x) | 11.73 | 3.99 |
Objectives of Rapid Multimodal Logistics IPO
The company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:
- ● Working Capital Requirements.
- ● General Corporate Purposes.
Rapid Multimodal Logistics IPO Review
The company is operating in one-stop logistics solutions which is a highly competitive and fragmented segment. The company marked inconsistency in its top and bottom lines. Small paid-up equity capital post-IPO indicates a longer gestation period for migration. Based on FY24 earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the medium term.
RHP:
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Frequently Asked Questions (FAQs)
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What is Rapid Multimodal Logistics IPO?
Rapid Multimodal Logistics IPO is an BSE SME IPO. They are going to raise ₹8.49 Crores via IPO. The issue is priced at ₹84 per equity share. The IPO is to be listed on BSE
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When will the Rapid Multimodal Logistics IPO open?
The IPO is to open on August 22, 2024, for QIB, NII, and Retail Investors.
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What is Rapid Multimodal Logistics IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
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What is Rapid Multimodal Logistics IPO Size?
Rapid Multimodal Logistics IPO size is ₹8.49 crores.
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What is the Rapid Multimodal Logistics IPO Price Band?
Rapid Multimodal Logistics IPO Price Band is ₹84 per equity share.
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What is Rapid Multimodal Logistics IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹134,400.
