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Rapid Fleet IPO
Price Band
₹183.0–192.0
Issue Size
₹43.87 Cr
Lot Size
600 shares
Min Investment
₹115,200
GMP
—
Issue Price
₹192.0
Rapid Fleet IPO AI Summary
- Rapid Fleet IPO is listed on NSE SME.
- Price band: ₹183.0–₹192.0 per share, lot size 600 shares (min. investment ₹115,200).
- Subscription window: 21 Mar–25 Mar 2025, listing on 28 Mar 2025.
Rapid Fleet Management Services Limited is an SME focused on logistics and transportation, with a diverse service offering and a significant fleet. The IPO aims to raise ₹43.87 Cr for various operational needs, with a competitive P/E ratio compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rapid Fleet IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rapid Fleet IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2006, Rapid Fleet Management Services Limited is specializes in providing comprehensive logistics and road transportation services tailored to both B2B and B2C clients. The company has expanded its operations significantly, currently managing a fleet of over 200 vehicles. They serve a diverse range of industries, including FMCG, automobile, and electronics sectors. The company developed its own mobile app to streamline business processes, ensuring 24/7 operations. It focuses on client compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management. Services: Full or Partial Load: The company offers Full and Partial Load services, ensuring efficient, cost-effective transport of goods and raw materials. It supports seamless logistics, timely deliveries, and flexible solutions for diverse cargo needs. Exim Services: The company provides comprehensive Exim services, handling efficient customs clearance, optimized logistics, and cross-border transactions. It specializes in inland transport, connecting ports, production facilities, and ensuring timely delivery of goods. Renewable Transportation Services: The company has expanded into the renewable energy logistics sector, specializing in transporting Wind Turbine Generators (WTG). It invested in extendable telescopic trailers to efficiently move large wind turbine blades. As of August 14, 2024, the company has 68 employees on payroll. Competitive Strengths: Implementation of an integrated TMS - Digitify Book In house Vehicle Fleet and its Safety for smooth operations and delivery PAN India Transport Pride in catering to an esteemed clientele Dynamic Approach to Market Fluctuations Not compromising Quality Services
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 101.30 | 70.66 | 71.81 | 75.37 |
| Total Income | 87.39 | 116.32 | 106.03 | 114.02 |
| Profit After Tax | 7.01 | 8.07 | 4.71 | 3.40 |
| NET Worth | 28.89 | 20.15 | 12.08 | 7.41 |
| Reserves and Surplus | 23.74 | 20.05 | 11.98 | 7.31 |
| Total Borrowing | 34.07 | 14.93 | 15.79 | 27.43 |
Key Ratios
EPS
₹15.67
NAV
₹40.30
ROE
50.09%
ROCE
43.11%
RoNW
40.06%
P/B Value
4.76
P/E Ratio
12.25
Market Cap
₹142.75 Cr
PAT Margin
6.98%
Debt/Equity
0.74
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| AVG Logistics Limited | 20009.26 | 16.35% | 17.72 | 27.34 | 27.34 |
| Premier Roadlines Limited | 3973.69 | 31.77% | 16.98 | 7.5 | 7.5 |
| Rapid Fleet Management Services Limited This IPO | 2014.77 | 40.05% | 12.25 | 16.14 | 16.14 |
Promoters
Anand Poddar and Shruti Poddar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Vehicles (Goods carriages) 13.02 2 Working Capital Requirements 19.12 3 General Corporate Purposes 6.50 4 Issue Expenses 5.25 Total 43.89
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹114.02 Cr in the period ending 31 Mar 2022, slightly decreasing to ₹106.03 Cr by 31 Mar 2023. It then increased to ₹116.32 Cr by 31 Mar 2024, before falling to ₹87.39 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.40 Cr in the period ending 31 Mar 2022, rising to ₹4.71 Cr by 31 Mar 2023. It further increased to ₹8.07 Cr by 31 Mar 2024, before dropping to ₹7.01 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹192.0, Rapid Fleet Management Services Limited has an implied P/E ratio of 12.25, which is lower compared to peers like AVG Logistics Limited at 17.72 and Premier Roadlines Limited at 16.98.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial price at which shares of an IPO are traded before they are listed on the stock exchange. It serves as an indicator of the expected listing price based on demand and supply dynamics in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market position. It's essential to consider the overall financial health and operational strategy before making an investment decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs in sectors with high volatility or those that are still scaling operations, as they may face fluctuations in performance.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. It's important to understand that while some IPOs may experience a surge in price on their debut, others may not perform as expected, leading to potential losses.
This evaluation is generated from Rapid Fleet's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Rapid Fleet IPO?
The price band of Rapid Fleet IPO is ₹183.0–₹192.0 per share.
When does Rapid Fleet IPO open and close?
Rapid Fleet IPO opens on 21 March 2025 and closes on 25 March 2025.
When does Rapid Fleet IPO list on the stock exchange?
Rapid Fleet IPO listed on 28 March 2025 at ₹192.0.
What is the lot size for Rapid Fleet IPO?
The lot size for Rapid Fleet IPO is 600 shares, requiring a minimum investment of ₹115,200.
What is the price band for the Rapid Fleet IPO?
The price band for the Rapid Fleet IPO is ₹183.0 to ₹192.0.
What is the minimum investment required?
The minimum investment required is ₹115,200, which corresponds to a lot size of 600 shares.
When does the IPO open and close?
The IPO opens on March 21, 2025, and closes on March 25, 2025.
What is the allotment date for the IPO?
The allotment date for the IPO is March 26, 2025.
When will the shares be listed?
The shares are expected to be listed on March 28, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Mar 2025
Close
25 Mar 2025
Allotment
26 Mar 2025
Listing
28 Mar 2025
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