Established in 2006, Rapid Fleet Management Services Limited specializes in offering comprehensive logistics and road transportation solutions for both B2B and B2C clients. Over the years, the company has grown significantly and now operates a fleet of more than 200 vehicles. It caters to a wide array of industries, including FMCG, automobile, and electronics.
To enhance operational efficiency, the company has developed its own mobile app, enabling 24/7 business operations. It emphasizes client compliance through features like e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.
Rapid Fleet’s IPO is a book-built issue worth Rs. 43.87 crores, comprising a fresh issue of 22.85 lakh shares. The IPO subscription window opens on March 21, 2025, and closes on March 25, 2025. The allotment is expected to be finalized on March 26, 2025, with the tentative listing date set for March 28, 2025, on the NSE SME platform.
The price band for the Rapid Fleet IPO is fixed between ₹183 and ₹192 per share. Retail investors need to invest a minimum of ₹1,09,800 for a lot size of 600 shares. However, it is advisable to bid at the cutoff price of ₹1,15,200 to avoid potential oversubscription. For HNIs, the minimum investment is 2 lots (1,200 shares), amounting to ₹2,30,400.
Rapid Fleet IPO Details
| IPO Date | March 21, 2025 to March 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹192 per share |
| Lot Size | 600 Shares |
| Total Issue Size | Approx ₹43.87 Crores |
| Fresh Issue | Approx ₹43.87 Crores |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,50,000 shares |
| Share Holding Post Issue | 74,34,800 shares |
Rapid Fleet IPO Dates
The Rapid Fleet IPO will begin on March 21, 2025, and will remain open until March 25, 2025.
| IPO Open Date | Fri, Mar 21, 2025 |
| IPO Close Date | Tue, Mar 25, 2025 |
| Tentative Allotment | Wed, Mar 26, 2025 |
| Refunds | Thu, Mar 27, 2025 |
| Credit of Shares to Demat | Thu, Mar 27, 2025 |
| IPO Listing Date | Fri, Mar 28, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 25, 2025 |
Rapid Fleet IPO Market Lot
The minimum market lot for the Rapid Fleet IPO is 600 shares, with an application amount of ₹1,15,200 required.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹1,15,200 |
| Retail Maximum | 1 | 600 | ₹1,15,200 |
| S-HNI Minimum | 2 | 1200 | ₹2,30,400 |
