RAPID MULTIMODAL LOGISTICS LIMITED IPO
RAPID MULTIMODAL LOGISTICS LIMITED IPO
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The Initial Public Offering of RAPID MULTIMODAL LOGISTICS LIMITED's culminated in its successful listing on 30-08-2024 at the BSE trading platform. The company secured 10,11,200 Shares through this capital market exercise, with 10,11,200 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹84 to ₹84, with minimum investment requirements of 1600 shares. The subscription period from 22-08-2024 to 27-08-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 28-08-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
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 MULTIMODAL IPO About Company
Founded in July 2020 and based in Chennai, Rapid Multimodal Logistics Limited provides end-to-end logistics solutions for B2B clients. Specializing in both single and multimodal transportation, the company seamlessly integrates road, rail, and sea to optimize supply chains. Their services cover every aspect of logistics, from planning and route optimization to tracking, last-mile delivery, and performance evaluation. Serving industries like glass, plywood, paper, edible oil, gypsum boards, iron and steel, scraps, tiles, sanitary, and liquor, the company ensures efficient and reliable transport solutions. As of January 2024, Rapid Multimodal Logistics has a dedicated team of 17 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
RAPID MULTIMODAL IPO Strength Factors
- Smart & Efficient Transportation: The company seamlessly combines different transportation modes and optimizes routes to improve efficiency and meet various shipping needs.
- Strong Partnerships with Lorry Vendors: By building reliable relationships with lorry vendors, the company ensures smooth, flexible, and dependable transportation services.
- Cost-Effective Operations: Smart cost management helps keep prices competitive without compromising on service quality.
RAPID MULTIMODAL IPO Risk Factors
- Regulatory Challenges: Afcons needs to secure and maintain various approvals to keep operations running smoothly. Any delays or failures in this process could impact its business and finances.
- Leased Office Risks: Since Afcons operates from a leased office, any disruptions or lease terminations could affect business continuity.
- Industry & Client Dependence: The company relies on clients from different industries. If a key sector or major client faces a downturn, it could impact Afcons’ business and profitability.
RAPID MULTIMODAL IPO Lead Manager(s)
- Gretex Corporate Services Limited
RAPID MULTIMODAL IPO Promoter(s)
- Mr. Narayan Agarwal
- Mr. Manoj Goel
- Summit Agarwal
- Ms. Nidhi Agarwal.
RAPID MULTIMODAL IPO FAQs
RAPID MULTIMODAL LOGISTICS LIMITED IPO subscribed 342.73 times. The public issue subscribed 172.55 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 11:54:03 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
RAPID MULTIMODAL 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 MULTIMODAL IPO FAQs
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