RAPID MULTIMODAL LOGISTICS LIMITED
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹10(11.90%)
Premium (ELP)
The Initial Public Offering of RAPID MULTIMODAL LOGISTICS LIMITED's culminated in its successful listing on Aug 30, 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 Aug 22, 2024 to Aug 27, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Aug 28, 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.
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."
- 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.
- 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.
- Mr. Narayan Agarwal
- Mr. Manoj Goel
- Summit Agarwal
- Ms. Nidhi Agarwal.
RAPID MULTIMODAL LOGISTICS LIMITED
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