Rapid Fleet IPO is a book-built issue of ₹43.87 crore, comprising 22.85 lakh fresh shares at ₹183-₹192 each. The Rapid Fleet IPO allotment is set for finalisation on March 26, 2025, with a planned listing on the NSE SME platform on March 28, 2025. Retail investors must invest at least ₹1,15,200 for a lot of 600 shares, while HNIs need a minimum of two lots, totaling ₹2,30,400.
Gretex Corporate Services Limited is the lead manager, Bigshare Services Private Limited is the registrar, and Gretex Share Broking Private Limited acts as the market maker. Rapid Fleet IPO saw a subscription of over 0.44x by 5:00 PM on March 24, 2025, the second day of bidding.
Rapid Fleet IPO is a ₹43.87 crore book-built issue comprising 22.85 lakh fresh shares. The price band is ₹183-₹192 per share. Retail investors need ₹1,15,200 for one lot. Gretex Corporate Services manages the issue, with listing expected on NSE SME on March 28, 2025.
The table below breaks down the Rapid Fleet share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category of Investors | Allocation of shares under IPO |
| Reservation for Employees | [-] |
| Anchor Allocation | 5,58,600 (24.45%) |
| Market Maker Shares Offered | 4,21,800 (18.46%) |
| QIB Shares Offered | 3,72,600 (16.31%) |
| Retail Shares Offered | 6,52,200 (28.55%) |
| NII (HNI) Shares Offered | 2,79,600 (12.24%) |
Data Source: BSE-SME
| Category | Subscription (times) |
| Non Institutional Investors | 2.52 |
| Retail Individual Investors(RIIs) | 0.52 |
| Qualified Institutional Buyers | 1.07 |
| Total shares | 1.11 |
Note: The subscription details is as of March 25, 2025, 14.07 P.M
Rapid Fleet Management Services Limited, established on December 26, 2017, operates in the logistics and transportation sector. Initially a private entity, it became a public company on August 30, 2023. The company specialises in freight and cargo transport, focusing on port logistics, bulk cargo movement, and supply chain solutions.
With a strong presence near Chennai and Mumbai ports, it facilitates inland transport for exports and imports. Its fleet includes trucks, trailers, and container carriers serving industries like steel, fertilisers, and petrochemicals. The company is leveraging technology for real-time tracking and route optimisation while expanding operations through its IPO.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 25, 2025, 3:22 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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