Rapid Multimodal Logistics Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Rapid Multimodal

CMP

65.41

-1.10 (-1.65%)

  • DRHP
₹84

Offer Price

₹ 8.49 Cr

Issue Size

₹ 1,34,400

Min Investment

1,600

Lot size

Time Line

  • 22
    Aug 2024
    Open
  • 27
    Aug 2024
    Close
  • 28
    Aug 2024
    Finalisation of Basis of Allotment
  • 29
    Aug 2024
    Initiation of Refunds
  • 29
    Aug 2024
    Transfer of Shares to Demat Account
  • 30
    Aug 2024
    Listing Date

Objects of the Offer

  • Establishing the Foundation (2024-2025).

  • Infrastructure Development (2025-2026).

  • Integration and Testing (2026-2027).

  • Optimization and Market Expansion (2027-2028).

  • Scaling Operations and Continuous Improvement (2028-2029).

Products & Services

  • The Company is engaged in the business of providing one-stop logistical solution to its clients.

Strengths

  • Versatile Range of Transportation Solutions with Exemplary Route Optimization.

  • Cultivating Resilient Collaborations with Lorry Vendors.

  • Optimal Cost Management.

  • Fostering Long-Term Partnerships.

  • Word-of-Mouth Acclaim and Informal Advocacy.

Risks

  • Its business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

  • The company Registered Office is not owned by it. The same is occupied by it on a lease basis. Disruption of its rights as lessee or termination of the agreements with the company lessor would adversely impact its operations and, consequently, its business.

  • The company depends significantly on its clients from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect its business and profitability.

  • The company does not own any vehicles for logistics services provided by it, the company depends significantly on its vendors to provide transport facilities. A loss of, or a significant decrease in services provided by its vendors could adversely affect the company`s business and profitability.

  • Its business involves usage of manpower and any unavailability of the company employees or any strikes, work stoppages may have an adverse impact on its cash flows and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
26.53%
Pre Holding

100.00%

Post Holding

73.47%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 47.71 (0.00%) 72.73 (52.40%) 71.82 (-1.30%)
Gross Profit 1.31 (0.00%) 2.73 (108.40%) 2.52 (-7.70%)
Net Income 0.95 (0.00%) 2.00 (110.50%) 1.79 (-10.50%)
Assets 4.62 (9,140.00%) 5.36 (16.00%) 6.85 (27.80%)
Liabilities 3.62 (0.00%) 2.35 (-35.10%) 2.13 (-9.40%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Rapid Multimodal Logistics Ltd 71.82 1.79 6.85 2.13 38.01 0.00 16.84 5.28 0.29
Chartered Logistics Ltd 71.64 0.67 72.82 72.82 1.48 0.07 4.52 0.91 0.46
Shree Vasu Logistics Ltd 123.07 3.12 143.63 143.63 9.76 2.72 27.87 2.17 1.47

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

New # 44 Old # 78,
Shroff Orchards,
Chennai - 600010
Phone : +91 044 2644 0181 Email : info@rapidlogistics.in www.rapidlogistics.in

Offer Related Information

Public issue of upto 10,11,200 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Rapid Multimodal Logistics Limited (the "Company" or the "Issuer") for cash at a price of Rs. 84 per equity share including a share premium of Rs. 74 per equity share (the "Issue Price") aggregating upto Rs. 8.49 crores ("The Issue") of which 51,200 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 84 per equity share including a share premium of Rs. 74 per equity share... More

Rapid Multimodal FAQ's

The shares of Rapid Multimodal were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Rapid Multimodal IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Rapid Multimodal public issue was 125 shares.

The price band of the IPO of Rapid Multimodal was Rs. 114 to Rs. 120 per equity share.

Rapid Multimodal IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Rapid Multimodal IPO.

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