Rapid Fleet Management Services Limited is launching its Initial Public Offering (IPO) for subscription from March 21, 2025, to March 25, 2025.
This IPO follows a book-built issue model, helping the company raise ₹43.87 crore. It consists entirely of a fresh issue of 22.85 lakh shares, each with a face value of ₹10.
IPO Price, Allotment, and Listing Details
The price band for the Rapid Fleet IPO is set between ₹183 to ₹192 per share.
Investors must apply for a minimum of 600 shares per application. The IPO allocation is divided as follows:
35% reserved for retail investors
50% reserved for Qualified Institutional Buyers (QIBs)
15% reserved for High Net-worth Individuals (HNIs)
The share allotment will be finalized on March 26, 2025, and the IPO will be listed on the NSE on March 28, 2025.
Strong Financial Growth and Investment Potential
Rapid Fleet has shown strong financial performance. The company’s revenue grew from ₹106.03 crore in 2023 to ₹116.32 crore in 2024.
Additionally, its profit increased significantly from ₹4.71 crore in 2023 to ₹8.07 crore in 2024.
With this growth, the IPO presents a promising investment opportunity for long-term investors.
About the Company
Founded in 2006 and headquartered in Chennai, Rapid Fleet Management Services Limited specializes in logistics
and road transportation services for both B2B (business-to-business) and B2C (business-to-customer) clients.
The company operates a fleet of 174 trucks, serving various industries, including electronics, FMCG, renewable energy, consumer durables, food & beverages (F&B),
and chemicals. It also offers a mobile app for customers to book its services easily.
