Rapid Mutlimodel Logistics IPO will open for subscription from 22 August 2024. The company aims for an issue size of ₹8.49 Cr through this IPO.
Company Overview
| Full name | Rapid Mutlimodel Logistics Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | http://www.rapidlogistics.in/ |
About Company
Rapid Multimodal is engaged in providing logistical solutions to the B2B segment of the industries like Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron & Steel, Scraps, Tiles, Sanitary, and Liquor. The company provides end-to-end logistics solutions to manufacturers/traders to transport raw materials or finished goods. It is involved in managing and coordinating the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination.
Rapid Multimodal in collaboration with Container Corporation of India Limited (Concor), an intermodal logistics Public Sector Enterprise as a Business Associate since 2021. It has a tie-up agreement with Concor on the yearly renewal of the contract of railway shipments for its clients. The company’s clients are in diverse parts of the country but the majority of revenue from services comes from Chennai, Balasore, Sri City 100 (Tada), Krishnapatnam, Vizag, and Morbi. As of 20 January 2024, Rapid Multimodal has 17 employees on the payroll.
The Objectives of the Issue
- Working Capital Requirements
- General Corporate Purposes.
Rapid Mutlimodel Logistics IPO Timetable
| IPO Opening date | 22 August 2024 |
| IPO Closing | 27 August 2024 |
| Basis of Allotment | 28 August 2024 |
| Initiation Refund | 29 August 2024 |
| Credit to Demat Account | 29 August 2024 |
| Listing Date | 30 August 2024 |
Rapid Mutlimodel Logistics IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹8.49 Cr – 1,011,200 shares |
| Fresh Issue | ₹8.49 Cr – 1,011,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹84 per share |
| Lot size | 1600 Shares |
| Shareholding pre-issue | 2,800,000 |
| Shareholding post-issue | 3,811,200 |
| Listing Exchange | BSE SME |
Rapid Mutlimodel Logistics IPO 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 Mutlimodel Logistics Offer Documents
Rapid Mutlimodel Logistics IPO Reservation Details
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Rapid Mutlimodel Logistics Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | – | 47.71 | 72.73 | 34.74 |
| Expenses | 0.32 | 46.47 | 70.32 | 33.32 |
| Net income | (0.32) | 0.95 | 2.00 | 1.06 |
Rapid Mutlimodel Logistics Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.01) | 3.41 | 7.16 |
| PE ratio | – | – | 11.73 |
| RONW (%) | (6.75) | 95.32 | 66.70 |
| NAV | 0.17 | 3.58 | 10.74 |
| ROCE (%) | – | 83.73 | 70.24 |
| EBITDA (%) | – | 2.97 | 3.68 |
| Debt/Equity | – | 3.57 | 0.76 |
Company Promoters
- Mr. Narayan Agarwal
- Mr. Manoj Goel
- Summit Agarwal
- Ms. Nidhi Agarwal
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Rapid Mutlimodel Logistics Offer GMP Update
Coming Soon
Rapid Mutlimodel Logistics IPO Subscription Update
Coming Soon
Rapid Mutlimodel Logistics IPO Allotment Status
Rapid Multimodal IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Rapid Mutlimodel Logistics Listing Details
| Listing Date | 30 August 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Rapid Mutlimodel Logistics IPO Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
A- 401, Floor 4th, Plot FP-616, (PT), Naman Midtown,
Senapati Bapat Marg, Near Indiabulls, Dadar (W),
Delisle Road, Mumbai – 400013, Maharashtra, India
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Rapid Mutlimodel Logistics Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Rapid Mutlimodel Logistics Contact Details
RAPID MULTIMODAL LOGISTICS LIMITED
New No.44, Old No.78,
Shrofforchards Chennai –
600010, Tamil Nadu, India
Phone: +91 044264 40181
E-mail: : info@rapidlogistics.in
Website: www.rapidlogistics.com
Rapid Mutlimodel Logistics IPO FAQs
What is Rapid Multimodal offer size?
Rapid Multimodal offer size is ₹ 8.49 crores.
What is Rapid Multimodal offer price band?
Rapid Multimodal public offer price is ₹ 84 per share.
What is the lot size of Rapid Multimodal Offer?
Rapid Multimodal offer lot size is 1,600 shares.
What is Rapid Multimodal Offer GMP today?
Rapid Multimodal IPO GMP today is ₹ NA per share.
What is Rapid Multimodal kostak rate today?
Rapid Multimodal kostak rate today is INR NA per application.
What is Rapid Multimodal IPO Subject to Sauda rate today?
Rapid Multimodal’s Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Rapid Mutlimodel Logistics IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
