Rapid Multimodal Logistics Limited IPO And Its GMP IPO 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 | 1,600 Shares |
| Total Issue Size | 10,11,200 shares (aggregating up to ₹ 8.49 Cr) |
| Fresh Issue | 10,11,200 shares (aggregating up to ₹ 8.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 28,00,000 |
| Shareholding post issue | 38,11,200 |
About 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
Rapid Multimodal Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
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.
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.
Rapid Multimodal Logistics Limited IPO And Its GMP Financial Information
Latest Revenue
3,474.05
₹ Crore
Profit After Tax
106.38
₹ Crore
Net Worth
406.58
₹ Crore
Total Borrowing
508.18
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 20 Sep 2023 | 1,132.34 | 3,474.05 | 106.38 | 406.58 | 508.18 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹84 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹10, and a lot size of 1600 shares.
Rapid Multimodal Logistics Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-09 | ₹84 | ₹10.0 (12%) | 2024-08-29 |
Rapid Multimodal Logistics Limited IPO And Its GMP 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
Rapid Multimodal Logistics Limited IPO And Its GMP IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |