Rapid Fleet Management Services Limited IPO
Rapid Fleet Management Services Limited IPO
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Rapid Fleet Management Services Limited's successfully completed its Initial Public Offering and commenced trading on 28-03-2025 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 21-03-2025 to 25-03-2025.
Share allotment was finalized on 26-03-2025, 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.
Rapid Fleet IPO About Company
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."
Rapid Fleet IPO Strength Factors
- 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.
Rapid Fleet IPO Risk Factors
- 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.
Rapid Fleet IPO Lead Manager(s)
- Gretex Corporate Services Limited
Rapid Fleet IPO Promoter(s)
- Mr. Anand Poddar
- Ms. Shruti Poddar
Rapid Fleet IPO FAQs
Rapid Fleet Management Services Limited IPO subscribed 1.62 times. The public issue subscribed 0.76 times in the retail category,1.07times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 11:57:17 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rapid Fleet IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rapid Fleet IPO FAQs
Track all the latest updates and news of IPO.
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The basis of allotment for Rapid Fleet Management Services Limited IPO is available now.
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A category of eligible shareholders or other investors who have a reserved quota in the IPO.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .