Rapid Fleet Management IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for Rapid Fleet Management IPO started on March 21, 2025, and concluded on March 25, 2025. The basis of allotment will be finalised today, March 26, 2025. Know the procedure to check the allotment status on NSE’s website. 

Steps to Check Rapid Fleet Management IPO Allotment Status Online On NSE

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “RAPIDFLEET”
• Enter your PAN No. and application No.
• Click “Submit.”

 IPO Details

Rapid Fleet Management launched its IPO on March 21, 2025 with a total issue size of ₹43.87 crores. The IPO price band is fixed between ₹183-₹192 per share. Investors can apply with a minimum lot size of 600, requiring a minimum investment of ₹1,09,800. The shares are expected to be listed on NSE with a tentative listing date of March 28, 2025. The basis of allotment will be finalised on March 26, 2025, followed by the initiation of refunds on March 27, 2025.

Gretex Corporate Services Limited is the book-running lead manager and MLB Stock Broking Private Limited is the market maker for the issue. Bigshare Services Pvt Ltd is the registrar.

Utilization of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Purchase of vehicles (goods carriage)
• To Meet Working Capital Requirement
• General Corporate Purpose

Overall Subscription Status 

(March 25, 2025, end of the day)

Rapid Fleet Management IPO was subscribed 1.65 times on the third day, according to NSE data. Of these, 

• Retail investors subscribed 0.81 times, 
• Non-institutional investors (NII) subscribed 4.38 times, 
• Qualified Institutional Buyers (QIBs) subscribed 1.07 times.

GMP (Grey Market Premium) Details

According to Livemint, as of March 26, 2025, 8:37 AM, the Grey Market Premium (GMP) for Rapid Fleet Management IPO stood at ₹0. This indicates the expected percentage gain/loss per share is 0%. The shares were trading flat at ₹192 apiece, which is also the upper end of the IPO price.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Livemint Media Report dated March 26, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Rapid Fleet Management Business Overview

Rapid Fleet Management Services Ltd, established in 2017 and based in Chennai, specializes in providing comprehensive logistics solutions to both business-to-business (B2B) and business-to-consumer (B2C) clients. The company offers services such as order booking, route planning, vehicle allocation, cargo security, and real-time tracking utilizing GPS and Fast-Tag SIM systems. Operating a fleet of 226 trucks, Rapid Fleet serves various industries, including tyre manufacturing, logistics, electronics, fast-moving consumer goods (FMCG), renewable energy, consumer durables, food and beverages, and chemicals. ​

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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