Rapid Multimodal Logistics Ltd

Rapid Multimodal Logistics IPO

Rapid Multimodal Logistics Ltd

₹1,34,400 /1600 sharesMinimum investment

IPO details

Minimum investment
₹1,34,400
Price range
₹84 - ₹84
Lot size
1,600
Issue size
8.49 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

22 Aug 2024
IPO open date
27 Aug 2024
IPO close date
28 Aug 2024
Allotment date
28 Aug 2024
Funds unblock or debit
30 Aug 2024
Tentative listing date

About

Rapid Multimodal Logistics, based in Chennai, offers logistical solutions to its clients, primarily serving the B2B sector. The company facilitates end-to-end logistics services for manufacturers and traders, managing and coordinating the transportation of raw materials or finished products throughout the supply chain. This includes the movement from the point of origin to the destination. Rapid Multimodal Logistics provides both single and multimodal transportation options, integrating various modes like road, rail, and sea within a single, seamless supply chain operation.;
Founded in
2020
MD/CEO
Mr. Narayan Agarwal
Parent organisation
Rapid Multimodal Logistics Ltd

Rapid Multimodal Logistics Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
0.0047.7172.73202120222023

Strengths & Risks

Strengths
Risks
Rapid Multimodal Logistics provides services across India. The majority of its revenue is generated from various regions, including Chennai, Balasore, Sri City (Tada), Krishnapatnam, Vizag, and Morbi.
The company offers a broad range of transportation options, including road, rail, and coastal shipping, allowing clients to customise solutions that best meet their specific needs. This flexibility ensures that Rapid Multimodal Logistics can accommodate various logistical requirements effectively.
After experiencing no revenue from operations in FY21, Rapid Multimodal Logistics has witnessed consistent growth in subsequent years. Revenue from operations increased from Rs 47.71 crore in FY22 to Rs 72.73 crore in FY23. Similarly, PAT saw improvement. From a loss of Rs 0.003 crore in FY21, it swung into a profit of Rs 0.95 crore in FY22 and Rs 2 crore in FY23.
Rapid Multimodal Logistics depends significantly on their clients in the iron and steel, paper, gypsum board, tiles, and sanitaryware industries, which contributed 21%, 19%, 17%, and 17%, respectively, to their total revenue from operations in FY23. Any loss of business or significant reduction in volume of business from any of these clients could adversely impact the company’s business.
The company has an ongoing partnership with Container Corporation of India Limited (CONCOR) as a Business Associate. Any problems in renewing this tie-up could pose risks to its business prospects.
Rapid Multimodal Logistics is involved in legal proceedings. Any adverse judgments in any of these cases could harm the company business prospects.
As of December 31, 2023, Rapid Multimodal Logistics reported total indebtedness of Rs 4.91 crore.

Application details

For Rapid Multimodal Logistics IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹84 - ₹84₹2 - ₹5 Lakhs1600
High Networth Individual₹84 - ₹84₹2 - ₹5 Lakhs1600

Frequently Asked Questions