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The Rapid Fleet IPO is a book-built issue worth ₹43.87 crores, consisting entirely of a fresh issue of 22.85 lakh shares.
The Rapid Fleet IPO opens for subscription on March 21, 2025, and closes on March 25, 2025. The allotment for the IPO is expected to be finalized on Wednesday, March 26, 2025. The Rapid Fleet IPO will be listed on NSE SME, with the tentative listing date set for Friday, March 28, 2025.
The price band for the Rapid Fleet IPO is set at ₹183 to ₹192 per share. The minimum lot size for an application is 600 shares, requiring a minimum investment of ₹1,09,800 for retail investors. To avoid oversubscription, it is recommended that investors bid at the cutoff price, which is approximately ₹1,15,200. For HNI investors, the minimum lot size investment is 2 lots (1,200 shares), amounting to ₹2,30,400.
1 lot)
| IPO Date | March 21, 2025 to March 25, 2025 |
| Listing Date | March 26,2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹192 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 22,84,800 shares (aggregating up to ₹43.87 Cr) |
| Fresh Issue | 22,84,800 shares (aggregating up to ₹43.87 Cr) |
| 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 |
| Market Maker Portion | 4,21,800 shares Gretex Share Broking Private Limited |
| IPO Open Date | Fri, Mar 21, 2025 |
| IPO Close Date | Tue, Mar 25, 2025 |
| Tentative Allotment | Wed, Mar 26, 2025 |
| Initiation of Refunds | Thu, Mar 27, 2025 |
| Credit of Shares to Demat | Thu, Mar 27, 2025 |
| Tentative Listing Date | Fri, Mar 28, 2025 |
| Cut-off time for UPI mandate confirmation | The credit of Shares to Demat |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,15,200 |
| Retail (Max) | 1 | 600 | ₹1,15,200 |
| HNI (Min) | 2 | 1,200 | ₹2,30,400 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 101.3 | 70.66 | 71.81 | 75.37 |
| Revenue | 87.39 | 116.32 | 106.03 | 114.02 |
| Profit After Tax | 7.01 | 8.07 | 4.71 | 3.4 |
| Net Worth | 28.89 | 20.15 | 12.08 | 7.41 |
| Reserves and Surplus | 23.74 | 20.05 | 11.98 | 7.31 |
| Total Borrowing | 34.07 | 14.93 | 15.79 | 27.43 |
Maximizing Opportunities with Rapid Fleet Management Services Limited IPO
The Rapid Fleet Management Services Limited IPO presents an opportunity for investors to participate in the growth of a company specializing in fleet management services. With the company operating in a sector poised for growth, this IPO could be an attractive option for those looking to diversify their investment portfolio. The price band for the shares is set between ₹183 to ₹192 per share, giving investors a chance to participate at an affordable entry point.
For retail investors, the minimum investment required is ₹1,09,800, which corresponds to a minimum lot size of 600 shares. However, it is important to note that due to the expected oversubscription, bidding at the cutoff price of ₹192 is recommended to maximize the chances of allotment. The IPO opens for subscription on March 21, 2025, and will close on March 25, 2025, so investors should make sure to place their bids within this window.
Once the IPO closes, the allotment will be finalized on March 26, 2025, with the listing on the NSE SME set for March 28, 2025. This IPO offers a chance to invest in a growing fleet management company, and investors should consider the potential growth and market dynamics before proceeding.
