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.
