Rapid Fleet Management Services Limited
IPO Details
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Rapid Fleet Management Services Limited's successfully completed its Initial Public Offering and commenced trading on Mar 28, 2025 at the NSE exchange. The company raised 22,84,800 Shares through this public offering, comprising 22,84,800 Shares in fresh capital.
The IPO was priced within the band of ₹183 to ₹192, with minimum application lots of 600 shares. The offering attracted significant investor interest during its subscription period from Mar 21, 2025 to Mar 25, 2025.
Share allotment was finalized on Mar 26, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2006, Rapid Fleet Management Services Limited provides reliable logistics and road transportation solutions for both B2B and B2C clients. The company has grown significantly, managing a fleet of over 200 vehicles and serving industries like FMCG, automobiles, and electronics. To improve efficiency, it has developed a mobile app that enables 24/7 operations, offering features like e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management. Its services include Full and Partial Load transport for flexible and cost-effective cargo movement, Exim services for customs clearance and cross-border logistics, and Renewable Transportation Services for Wind Turbine Generators (WTG), using extendable telescopic trailers for transporting large turbine blades. With a strong focus on reliability and innovation, the company delivers optimized logistics solutions tailored to various business needs. As of August 14, 2024, Rapid Fleet Management Services Limited had a team of 68 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Smart TMS System – Uses Digitify Book, an in-house Transport Management System for smooth operations and easy client compliance.
- Safe & Reliable Fleet – Operates its own fleet with strict safety standards for efficient and dependable deliveries.
- Nationwide Service – Provides transportation across India, ensuring broad industry coverage and optimized logistics.
- Reliance on Road Transport – Smooth vehicle operations are crucial; any disruptions could affect profitability and reputation.
- Regulatory Challenges – Missing or delayed approvals may impact business operations and financial stability.
- Legal Matters – Ongoing cases involving the company and its leadership could have financial and reputational consequences.
- Mr. Anand Poddar
- Ms. Shruti Poddar
Rapid Fleet Management Services Limited
Bigshare Services Private Limited