Rapid Fleet Management Services Limited is launching its IPO for subscription on March 21, 2025, and investors can bid for shares until March 25, 2025.
This IPO follows a book-built issue model, allowing the company to raise ₹43.87 crore. It is a completely fresh issue of 22.85 lakh shares, with each share having a face value of ₹10.
IPO Price, Allotment, and Listing Details
The price band for the Rapid Fleet IPO is set between ₹183 to ₹192 per share. Investors must apply for a minimum lot size of 600 shares per application. The IPO allocation is as follows:
35% reserved for retail investors
50% reserved for Qualified Institutional Buyers (QIBs)
15% reserved for High Net-worth Individuals (HNIs)
The share allotment will be finalized on March 26, 2025, and the IPO will be listed on the NSE on March 28, 2025.
Strong Financial Growth Shows Investment Potential
Rapid Fleet’s financial performance has been strong. In 2023, the company recorded ₹106.03 crore in revenue, which increased to ₹116.32 crore in 2024.
The company’s profit also grew significantly, rising from ₹4.71 crore in 2023 to ₹8.07 crore in 2024. Given its financial growth, long-term investment in this IPO could be profitable for investors.
About the Company
Founded in 2006 and based in Chennai, Rapid Fleet Management Services Limited specializes in logistics and road transportation services for both B2B (business-to-business)
and B2C (business-to-customer) clients. The company operates 174 trucks, serving industries such as electronics, FMCG, renewable energy, consumer durables, food & beverages (F&B), and chemicals. Additionally, it has a mobile app that allows customers to book its services easily.