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Rapid Multimodal Logistics IPO
Rapid Multimodal Logistics Ltd
₹1,34,400 /1600 sharesMinimum Investment
Rapid Multimodal Logistics IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 22 Aug ‘24 - 27 Aug ‘24 | ₹1,34,400 | 1,600 | ₹84 - ₹84 |
| Issue Size | IPO Doc |
|---|---|
| 8.49Cr | RHP PDF |
About Rapid Multimodal Logistics
Founded in
2020
Managing director
Mr. Narayan Agarwal
Parent organisation
Rapid Multimodal Logistics Ltd
Strengths & Financials of Rapid Multimodal Logistics
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.
Rapid Multimodal Logistics Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Rapid Multimodal Logistics IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹84 - 84 | ₹2 - 5 Lakh |
| High Networth Individual | ₹84 - 84 | ₹2 - 5 Lakh |
For Rapid Multimodal Logistics IPO, eligible investors can apply as Regular.