Rapid Mutlimodal Logistics Limited IPO

NiftyTrader • August 21, 2024

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Rapid Mutlimodal Logistics Limited IPO opens on August 22, 2024, and closes on August 26, 2024. The allotment for the Rapid Mutlimodal Logistics Limited IPO is anticipated to be completed on Tuesday, August 27, 2024. The IPO will be listed on the SME and BSE, with a tentative date set for Thursday, August 29,2024.

The Rapid Mutlimodal Logistics Limited IPO’s price band is Rs 84 per share. The IPO is a book-built issue of Rs 8.49 crores, an entirely new issue of 10.11 lakh shares.

Rapid Mutlimodal Logistics IPO Details

IPO Date	August 22, 2024 to August 26, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹84 per share
Lot Size	1600 Shares
Total Issue Size	1,011,200 shares (aggregating up to ₹8.49 Cr)
Fresh Issue	1,011,200 shares (aggregating up to ₹8.49 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Shareholding pre-issue	2,800,000
Shareholding post-issue	3,811,200
Market Maker portion	51,200 shares

Rapid Mutlimodal Logistics IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹134,400
Retail (Max)	1	1600	₹134,400
S-HNI (Min)	2	3200	₹268,800

Rapid Mutlimodal Logistics IPO Objectives

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

General Corporate Purpose
Working Capital Requirements.

About Rapid Mutlimodal Logistics Limited

Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.

The company offers both single and multimodal transportation services. These services involve using multiple modes of transportation, like road, rail, and sea, in one supply chain to improve efficiency and meet shipment requirements. This includes planning, route optimization, selecting carriers, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation.

The company caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor.

As of January 2024, the company has 17 employees on its payroll.

Rapid Mutlimodal Logistics Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	839.76	699.14	673.51
Revenue	7,184.25	7,296.17	4,774.4
Profit After Tax	179.23	200.48	95.43
Net Worth	471.55	300.59	100.11
Reserves and Surplus	191.55	295.59	95.11
Total Borrowing	201.07	227.88	357.59
			Amount in ₹ Lakhs

Resourceful Automobile IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

Rapid Mutlimodal Logistics IPO Timeline

Rapid Mutlimodal Logistics IPO opens on August 22, 2024, and closes on August 27, 2024.

IPO Open Date	Thursday, August 22, 2024
IPO Close Date	Monday, August 26, 2024
Basis of Allotment	Tuesday, August 27, 2024
Initiation of Refunds	Wednesday, August 28, 2024
A credit of Shares to Demat	Wednesday, August 28, 2024
Listing Date	Thursday, August 29, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 26, 2024

Conclusion

The Rapid Multimodal Logistics Limited IPO is set to open on August 22, 2024, and close on August 26, 2024, with a fixed price of Rs 84 per share. The IPO comprises a fresh issue of 10.11 lakh shares, aggregating to Rs 8.49 crores. The company, based in Chennai and incorporated in 2020, provides multimodal transportation services to various industries. The IPO will be listed on the BSE SME, with the allotment date on August 27, 2024, and the listing expected on August 29, 2024. The funds raised will be used for general corporate purposes and working capital requirements.