What is the issue size of Rapid Fleet Management Services Ltd IPO?

The issue size of the Rapid Fleet Management Services Ltd IPO is 438700000.00.

What is 'pre-apply' for Rapid Fleet Management Services Ltd IPO?

Pre-apply will allow you to apply for the Rapid Fleet Management Services Ltd IPO 2 days before the subscription period starts.

If I pre-apply for Rapid Fleet Management Services Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Rapid Fleet Management Services Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Rapid Fleet Management Services Ltd IPO order is placed?

We will notify you when your Rapid Fleet Management Services Ltd IPO order is placed with the exchange.

What are the open and close dates of the Rapid Fleet Management Services Ltd IPO?

Rapid Fleet Management Services Ltd IPO will be open between 21 Mar '25 and 25 Mar '25.

What is the lot size and minimum order quantity of the Rapid Fleet Management Services Ltd IPO?

Rapid Fleet Management Services Ltd IPO lot size is 600 and minimum order quantity is 1200.

What is the allotment date for the Rapid Fleet Management Services Ltd IPO?

Rapid Fleet Management Services Ltd IPO allotment date is 26 Mar '25. For Rapid Fleet Management Services Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Rapid Fleet Management Services Ltd IPO?

For Rapid Fleet Management Services Ltd, the IPO registrar is Bigshare Services Pvt Ltd . You can check Rapid Fleet Management Services Ltd IPO allotment status on the website of the registrar.

Where is the Rapid Fleet Management Services Ltd IPO getting listed?

The shares are proposed to be listed on the NSE - SME.

Rapid Fleet Management IPO

Rapid Fleet Management Services Ltd

₹1,09,800 /600 sharesMinimum Investment

Rapid Fleet Management IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹192.00₹195.00₹3.00 (1.56%)
Rapid Fleet Management IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
21 Mar ‘25 - 25 Mar ‘25₹1,09,800600₹183 - ₹192
Issue SizeIPO Doc
43.87CrRHP PDF
Subscription rateAs of 25 Mar'25, 04:00 PM
Qualified Institutional Buyers1.07x
Non-Institutional Investor5.75x
Retail Individual Investor0.70x
Total1.43x
About Rapid Fleet Management
Rapid Fleet is a Chennai-based company specialising in logistics services for both business-to-business (B2B) and business-to-consumer (B2C) clients. The company focuses on road transportation, handling order booking, route planning, vehicle allocation, cargo security, and real-time tracking using GPS and Fast-Tag SIM tracking systems. 
The company’s fleet consists of 226 trucks, ensuring transportation across various industries, including tyre manufacturing, logistics, electronics, fast-moving consumer goods (FMCG), renewable energy, consumer durables, food and beverages, and chemicals.
The company offers full and partial load services, EXIM transportation, and renewable energy logistics. Rapid Fleet has also developed a proprietary transport management system (TMS), Digitify, which integrates with Tally and bank payment APIs to streamline operations. Its system enhances fleet management, vendor coordination, freight tracking, and operational analytics.;Founded in
2017
Managing director
Mr. Anand Poddar
Parent organisation
Rapid Fleet Management Services Ltd
Strengths & Financials of Rapid Fleet ManagementStrengths
Risks
Rapid Fleet claims to have implemented Digitify Book, a cutting-edge TMS that streamlines operations. This system enhances efficiency by optimising resource utilisation, improving load planning, and ensuring real-time visibility of fleet movements. The company also claims to use GPS tracking and cell triangulation to provide real-time updates on truck locations. 
Rapid Fleet claims to leverage a self-learning algorithm that matches loads with trucks based on historical data, waiting times, and proximity. This system reportedly improves efficiency, reduces idle time, and enhances overall fleet utilisation levels.
The company claims to maintain a strategic balance between owned and market trucks, with approximately 35-40% of revenue coming from its fleet. Also, it reportedly secures 80-90% advance payments for market trucks.
The company is ISO 9001:2015 certified for quality management systems.
The company has seen a consistent increase in profit after tax (PAT). PAT increased from Rs 3.39 crore in FY22 to Rs 4.71 crore in FY23 to Rs 8.07 crore in FY24.
Rapid Fleet Management Financials
Revenue
Total Assets
Profit
*All values are in Rs. Cr
114106116202220232024
Application Details of Rapid Fleet Management IPOApply asPrice bandApply upto
Regular₹183 - 192₹2 Lakh
High Networth Individual₹183 - 192₹2 - 5 Lakh
For Rapid Fleet Management IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹192.00	₹195.00	₹3.00 (1.56%)

Bidding Dates	Min. Investment	Lot Size	Price Range
21 Mar ‘25 - 25 Mar ‘25	₹1,09,800	600	₹183 - ₹192

Issue Size	IPO Doc
43.87Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹183 - 192	₹2 Lakh
High Networth Individual	₹183 - 192	₹2 - 5 Lakh

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Qualified Institutional Buyers	1.07x
Non-Institutional Investor	5.75x
Retail Individual Investor	0.70x
Total	1.43x