Rapid Multimodal Logistics Limited is a Chennai based logistic service provider that offers integrated logistics solutions, seamless client support in the Indian logistics market. Rapid Multimodal Logistics Limited is going to be open to the public on August 22, 2024 and the closing date of the IPO is August 27, 2024. The share allotment date of the Rapid Multimodal Logistics IPO is August 28, 2024 and the listing date is Friday, August 30, 2024. This is a fresh-issue and fixed-price initial public offering (IPO), with a total fresh issue size of ₹8.49 crore for 10.01 lakh shares. The price band of the Rapid Multimodal Logistics IPO is set at ₹84 per share.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Rapid Multimodal Logistics Limited IPO.
Table of Contents
Rapid Multimodal Logistics IPO Details
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | Friday, August 30, 2024 |
| Face Value | ₹10 per share |
| Price | ₹84 per share |
| Lot Size | 1600 Shares |
| Total IPO Issue Size | ₹8.49 crore for 10,11,200 shares |
| Fresh Issue | ₹8.49 crore for 10,11,200 shares |
| Overall Subscription | 350.04x |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| DRHP | View |
| Retail Shares Offered | 50% of the net offer |
| NIIs and Other Shares Offered | 50% of the net offer |
Rapid Multimodal Logistics IPO Fundamentals
| Earnings Per Share (EPS): | ₹7.16 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 66.70% |
| Net Asset Value (NAV): | ₹10.74 per Equity Share |
Rapid Multimodal Logistics IPO Important Dates
If you are an investor, it is crucial to be mindful of the dates associated with the opening and closing of the IPO.
Rapid Multimodal Logistics Limited IPO’s opening date is Thursday, August 22, 2024 and the offer will close on Tuesday, August 27, 2024. IPO’s allotment date is Wednesday, August 28, 2024 and the listing date is Friday, August 30, 2024.
All the important dates regarding the Rapid Multimodal Logistics Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Thursday, August 22, 2024 |
| IPO Close Date | Tuesday, August 27, 2024 |
| Allotment Date | Wednesday, August 28, 2024 |
| Refunds | Thursday, August 29, 2024 |
| Credit of Shares to Demat | Thursday, August 29, 2024 |
| Listing Date | Friday, August 30, 2024 |
Rapid Multimodal Logistics IPO GMP Today
The last updated Grey Market Premium (GMP) for the Rapid Multimodal Logistics IPO is up to ₹70. The offering price for the Rapid Multimodal Logistics Limited IPO is ₹84 per share.
- The overall subscription of the IPO arrived at 460.04 times according to this, the expected IPO GMP for today is ₹67.
The following table displays the trend of the Rapid Multimodal Logistics Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| August 30, 2024 | ₹84 | ₹70 |
| August 29, 2024 | ₹84 | ₹67 |
| August 28, 2024 | ₹84 | ₹67 |
| August 27, 2024 | ₹84 | ₹54 |
| August 26, 2024 | ₹84 | ₹25 |
| August 25, 2024 | ₹84 | ₹27 |
| August 24, 2024 | ₹84 | ₹27 |
| August 23, 2024 | ₹84 | ₹26 |
| August 22, 2024 | ₹84 | ₹34 |
| August 21, 2024 | ₹84 | ₹47 |
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Rapid Multimodal Logistics Lot Size
Rapid Multimodal Logistics Limited IPO offers a minimum of 1600 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots and a maximum of 4 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,34,400 |
| Retail (Max) | 1 | 1,600 | ₹1,34,400 |
| HNI (Min) | 2 | 3,200 | ₹2,68,800 |
| HNI (Max) | 4 | 6,400 | ₹5,37,600 |
Rapid Multimodal Logistics Shares Quota
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Rapid Multimodal Logistics Limited Shareholding Patterns of Different Shareholders
The pre-issue and post-issue shareholding patterns of different shareholders of the Rapid Multimodal Logistics IPO are as follows:
| Shareholder details | Pre-issue (in %) | Post-issue (in %) |
| Promoter Holding | 99.98% | 73.22% |
| Public-individual selling shareholder | – | – |
| Public-investor selling shareholder | – | – |
| Public | – | – |
| Employee trust | – | – |
| Total | 100% | 100% |
Rapid Multimodal Logistics Limited Overview
Rapid Multimodal Logistics Limited is a Chennai based logistic service provider offers integrated logistics solutions, seamless client supports in India logistics market. The company was founded in July 2020, and primarily worked on B2B segment.
Rapid Mutlimodal Logistics Limited revenue decreased by 1.54% in 2024, Profit After Tax (PAT) dropped by 12.68% and debts were reduced by 11.45% from ₹2.27 crore to ₹2.01 crore.
Rapid Multimodal Logistics Limited Financials
- Revenue: Decreased by 1.54% from ₹72.96 crore in 2023 to ₹71.84 crore in 2024.
- Profit After Tax (PAT): Decreased by 12.68% from ₹2.05 crore in 2023 to ₹1.79 crore in 2024.
- Debts: Increased by 11.45% from ₹2.01 crore in 2024 to ₹2.27 crore in 2023.
| Year | Revenue | PAT | Debts |
| 2023 | ₹72.96 crore | ₹2.05 crore | ₹2.27 crore |
| 2024 | ₹71.84 crore | ₹1.79 crore | ₹2.01 crore |
Rapid Mutlimodal Logistics Limited Contact Details
New No. 44, Old No. 78 Shrofforchards
Chennai, PIN Code: 600010
Phone: +91-4426440181
Email: [email protected]
FAQs
1. What is the GMP price of the Rapid Mutlimodal Logistics Limited IPO?
The current GMP price of the Rapid Mutlimodal Logistics IPO is ₹70.
2. On which exchange will Rapid Mutlimodal Logistics be listed?
Rapid Mutlimodal Logistics IPO shares are to be listed on the BSE SME.
3. When is the allotment date for the Rapid Mutlimodal Logistics IPO?
The allotment date of the Rapid Mutlimodal Logistics Limited IPO is Wednesday, August 28, 2024.
4. What are the opening and closing dates of the Rapid Mutlimodal Logistics IPO?
Rapid Mutlimodal Logistics IPO will open on August 22, 2024 & close on August 27, 2024.
5. When is the listing date for the Rapid Mutlimodal Logistics Limited IPO?
Rapid Mutlimodal Logistics IPO’s listing date is August 30, 2024.
Conclusion
Rapid Mutlimodal Logistics Limited’s financial report shows a decline in key metrics: revenue decreased by 1.54% from ₹72.96 crore in 2023 to ₹71.84 crore in 2024, Profit After Tax (PAT) dropped by 12.68% from ₹2.05 crore to ₹1.79 crore, and debts were reduced by 11.45% from ₹2.27 crore to ₹2.01 crore. This financial performance might not generate strong interest from investors for the Rapid Mutlimodal Logistics IPO. Invest in this IPO at your own risk.
To get more information and regular updates on the Rapid Mutlimodal Logistics IPO, keep in touch with The Invest Advisory.