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SME IPO Status: Listed [22nd Aug 2024 to 27th Aug 2024]
Rapid Multimodel Logistics IPO, a SME IPO of ₹8.49 Cr was launced on 22-08-2024 to 27-08-2024 and the shares got listed on BSE SME on 30-08-2024.
The public issue of Rapid Multimodel Logistics IPO (544237) was offered at ₹84.00 per share and the ipo was listed at ₹103.00. It has delivered listing gain of 22.62%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 30400.00 per lot return on listing.
| SME IPO Issue Opening Date: | 22nd Aug 2024 |
| SME IPO Issue Closing Date: | 27th Aug 2024 |
| SME IPO Issue Price: | ₹84.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹8.49 Cr |
| Fresh Issue: | ₹8.49 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.99% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544237 |
Get important updates regarding Rapid Multimodel Logistics SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Aug 2024 |
| Refunds Initiation* | 29th Aug 2024 |
| Credit of Shares to Demat* | 29th Aug 2024 |
| SME IPO Listing Date* | 30th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹84.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹134400 |
| Min HNI Lots: | 3200 shares (2 lots)- ₹268800 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-08-2024 | 84.00 | 10 | 12200 | ₹94 (11.9%) | 30-Aug-2024 10:32 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Rapid Multimodal Logistics Limited was founded in July 2020. The company offers its customers one-stop logistics solutions. They mainly serve the B2B segment of the industry. They offer manufacturers/retailers an end-to-end logistics solution for transporting raw materials or finished goods. They take care of the management and coordination of the transportation of raw materials or finished goods across the entire supply chain, from origin to destination.
They offer both single and multimodal transportation services that involve the coordinated use of multiple modes of transport (e.g. road, rail, sea) within a single, integrated supply chain to optimise efficiency and meet the specific requirements of shipments. This ranges from shipment planning, route optimization, carrier selection, documentation, containerization, shipment tracking and recording, communication and coordination, last mile delivery and performance evaluation.
Road freight transport is a central element of comprehensive logistics solutions and ensures that goods are transported reliably and efficiently. As a logistics company, they enter into meaningful partnerships with local freight forwarders and use their services to transport goods for their customers
Two teams take care of the intricacies of logistics operations and the tracking process. The Traffic Manager puts together the order processing and ensures a smooth flow of goods, while the Load Supervisor efficiently monitors the loading and delivery of goods from start to finish
| Incorporation | Sector | IPO Issue Size | Website |
| 2020 | Logistics Solution Provider | ₹8.49 Cr | http://www.rapidlogistics.in/ |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 480,000 (50%) | 480,000 (50%) | 960,000 | |
| 1 | 22nd Aug 2024 19:04 | 0.51x | 5.36x | 2.94x |
| 2 | 23rd Aug 2024 19:04 | 4.44x | 18.56x | 11.50x |
| 3 | 26th Aug 2024 19:04 | 9.83x | 46.73x | 28.28x |
| 4 | 27th Aug 2024 18:21 | 512.80x | 172.55x | 350.50x |
Rapid Multimodal Logistics Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Rapid Mutlimodel Logistics Limited | 6.4 | 6.4 | 16.84 | 13.12 | 38.01 | |
| Chartered Logistics Ltd. | 0.19 | 0.19 | 4.89 | 52.89 | 1.48 | Standalone |
| Shree Vasu Logistics Limited | 2.72 | 2.72 | 28.18 | 84.08 | 9.76 | Standalone |
Last Updated on 03-Sep-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rapid Multimodel Logistics SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rapid Multimodel Logistics SME IPO with Zerodha.
Alternate approch to apply in Rapid Multimodel Logistics SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Rapid Multimodel Logistics SME IPO Review and Important Updates
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To subscribe or apply in Rapid Multimodel Logistics SME IPO, you can use the following methods:
| Rapid Multimodel Logistics SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Rapid Multimodel Logistics SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Rapid Multimodel Logistics SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Rapid Multimodel Logistics SME IPO. Most of the Syndicate Banks provide access to apply in Rapid Multimodel Logistics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rapid Multimodel Logistics SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Rapid Multimodel Logistics SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Rapid Multimodel Logistics SME IPO Review and Important Updates
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Rapid Multimodel Logistics SME IPO is going to be list on 30-08-2024. BSE Code for Rapid Multimodel Logistics is 544237.
Other relevant questions:
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Rapid Multimodel Logistics SME IPO Allotment Date is 28-08-2024.
Other relevant questions:
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