IPO Details
Bidding Dates
22 Aug '24 - 27 Aug '24
Minimum Investment
₹134,400 / 1 Lot (1,200 Shares)
Price Range
₹84
Maximum Investment
₹134,400 / 1 Lot (1,200 Shares)
Retail Discount
To be announced
Issue Size
₹8.49 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Aug 22, 2024
Closing Date
Aug 27, 2024
Basis of Allotment
Aug 28, 2024
Initiation of Refunds
Aug 29, 2024
Listing Date
Aug 30, 2024
Cut-off time for UPI mandate confirmation
Aug 27, 2024
About Rapid Multimodal Logistics Limited
Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company specialising in providing comprehensive logistical solutions to its clients, primarily in the B2B segment. The company offers a wide range of both single and multimodal transportation services, integrating road, rail, and sea transportation within a single supply chain to enhance efficiency and meet complex shipment requirements.
Their services include planning, route optimisation, carrier selection, documentation, containerisation, tracking, communication, last-mile delivery, and performance evaluation, ensuring a seamless logistics experience.
Rapid Multimodal Logistics Limited serves various industries, including Glass, Plywood, Paper, Edible Oil, Gypsum Boards, Iron and Steel, Scrap, Tiles, Sanitary, and Liquor. As of January 2024, the company employs 17 dedicated professionals committed to delivering high-quality logistics solutions.
The company operates on a PAN India level, with a strong domestic presence and a diverse client base. Significant revenue streams are generated from key locations such as Chennai, Balasore, Sri City (Tada), Krishnapatnam, Vizag, and Morbi.
This geographical diversity underscores Rapid Multimodal Logistics Limited's ability to meet the unique logistical needs of clients across different regions, highlighting its commitment to providing top-tier logistics services nationwide.
Industry Outlook:
- India's logistics sector is projected to grow at a 4.5% CAGR, reaching 15.6 trillion tonne-kilometres by 2050, driven by GDP and export growth targets.
- India's surface transport sector is set to grow at 8% CAGR, with MoRTH targeting ₹40,000 crore (US$ 4.80 billion) through asset monetisation in 2023-24.
Rapid Multimodal Logistics IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Working Capital Requirements.
- General Corporate Purposes.
Peer Details
The following are the listed industry peers of Ambey Laboratories Limited:
- Chartered Logistics Limited
- Shree Vasu Logistics Limited
How to Check the Allotment Status of the Rapid Multimodal Logistics IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Rapid Multimodal Logistics IPO
- Registered office: New No.44, Old No.78, Shrofforchards Chennai - 600010, Tamil Nadu, India
- Phone: +91 044264 40181
- E-mail: info@rapidlogistics.in
IPO Financials
| Particulars | For the period ended September 30, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 3,473.75 | 7,272.75 | 4,771.26 | 0.00 |
| Profit After Tax (PAT) (in ₹ lakh) | 106.38 | 200.48 | 95.43 | -0.32 |
| Current Ratio (x) | 2.21 | 3.14 | 2.36 | 17.91 |
| Net Worth (in ₹ lakh) | 402.35 | 296.95 | 98.78 | 4.68 |
| Total Borrowings (in ₹ lakh) | 508.18 | 227.88 | 357.59 | 0.00 |
| Return on Equity (%) | 30.43% | 101.32% | 184.46% | -13.49% |
| Return on Capital Employed (RoCE) (%) | 32.59% | 70.24% | 83.73% | - |
| EPS (in ₹) | 3.80 | 7.16 | 3.41 | (0.01) |
Know before investing
Strengths
5-
Versatile transportation solutions with advanced route optimisation for efficiency.
-
Strong partnerships with lorry vendors ensure priority service.
-
Strategic cost management balances expenses and service excellence.
-
Positive word-of-mouth advocacy boosts reputation and client trust.
-
Strategic location ensures client accessibility and efficient logistics services.
Risks
6-
Inability to renew regulatory approvals could disrupt business operations.
-
Leased registered office may cause operational disruptions if vacated.
-
High client concentration risk with 21% revenue from Iron/Steel.
-
Dependence on third-party transport vendors impacts service reliability.
-
Negative cash flows reported; financial stability may be affected.
-
Intense competition in a fragmented logistics market may reduce revenues.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Rapid Multimodal Logistics IPO FAQs
Rapid Multimodal Logistics IPO is a fixed price IPO. The IPO will be open from August 22, 2024, to August 27, 2024.
The Basis of Allotment will happen on Wednesday, August 28, 2024.
The IPO subscription window will open on August 22, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.
The listing date for Rapid Multimodal Logistics is Friday, August 30, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
