Rapid Mutlimodal Logistics Limited IPO
- IPO Date22 Aug, 2024 to 27 Aug, 2024
- Listing Date30 Aug, 2024
- Face Value₹10 per share
- Issue Price₹84 to ₹84 per share
- Lot Size1600 Shares
- Minimum Investment₹1,34,400
- Listing AtBSE SME
- Total Issue Size10,11,200 Shares
(aggregating up to ₹8.49 Cr) - Fresh Issue10,11,200 Shares
(aggregating up to ₹8.49 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue28,00,000
- Shareholding post issue38,11,200
IPO Dates
Closing Date
27 Aug, 2024
Initiation of Refunds
29 Aug, 2024
Listing Date
30 Aug, 2024
22 Aug, 2024
Opening Date
28 Aug, 2024
Basis of Allotment
29 Aug, 2024
Credit of Shares
Rapid Mutlimodal Logistics Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,34,400 |
| HNI (Min) | 2 | 3200 | ₹2,68,800 |
| Retail (Min) | 1 | 1600 | ₹1,34,400 |
Rapid Mutlimodal Logistics Limited Promoter Holding
The promoters of the company are Mr. Narayan Agarwal, Mr. Manoj Goel, Summit Agarwal and Ms. Nidhi Agarwal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | - |
Rapid Mutlimodal Logistics Limited COMPANY INFORMATION
Rapid Mutlimodal Logistics IPO is a fixed price issue of Rs 8.49 crores. The issue is entirely a fresh issue of 10.11 lakh shares. Rapid Mutlimodal Logistics IPO opens for subscription on August 22, 2024 and closes on August 27, 2024. The allotment for the Rapid Mutlimodal Logistics IPO is expected to be finalized on Wednesday, August 28, 2024. Rapid Mutlimodal Logistics IPO will list on BSE SME with tentative listing date fixed as Friday, August 30, 2024. Rapid Mutlimodal Logistics IPO price is ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹268,800. Gretex Corporate Services Limited is the book running lead manager of the Rapid Mutlimodal Logistics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rapid Mutlimodal Logistics IPO is Gretex Share Broking. Refer to Rapid Mutlimodal Logistics IPO RHP for detailed information.
Incorporated in July 2020, Rapid Multimodal Logistics Limited is a Chennai-based company engaged in providing a one-stop logistical solution to its clients. The company primarily caters to the B2B segment of the industry.
The company offers both single and multimodal transportation services. These services involve using multiple modes of transportation, like road, rail, and sea, in one supply chain to improve efficiency and meet shipment requirements. This includes planning, route optimization, selecting carriers, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation.
The company caters to industries such as Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron and steel, Scraps, Tiles, Sanitary, and Liquor.
As of January 2024, the company has 17 employees on its payroll.
IPO of Rapid Multimodal Logistics Limited
The Initial Public Offering (IPO) of Rapid Multimodal Logistics Limited (RMLL) presents an opportunity for investors to buy shares in a company involved in logistics and supply chain solutions. This analysis will explore the key aspects of this IPO, including the company's strengths and weaknesses, to help you make an informed decision.
Key Points of the RMLL IPO
Company Overview: RMLL operates in the logistics sector, focusing on multimodal logistics services. The company has built a solid presence in this industry, which is essential for the efficient movement of goods in the supply chain.
Financial Performance: The company's financials are crucial in evaluating its IPO. RMLL has demonstrated consistent growth in revenue and profits, although there are areas of concern regarding margins and debt levels.
IPO Details: The specifics of the IPO, including the offer price, the number of shares being offered, and the use of proceeds, are critical for potential investors to understand.
Pros of Investing in RMLL's IPO
Strong Industry Position: RMLL has established a robust position in the logistics industry, providing essential services that are in high demand.
Revenue Growth: The company has shown consistent growth in revenue, indicating a healthy demand for its services.
Diversified Operations: RMLL's involvement in various aspects of logistics, such as transportation, warehousing, and distribution, provides a diversified revenue stream.
Expanding Market: The logistics industry is growing, driven by e-commerce and global trade, which benefits companies like RMLL.
Cons of Investing in RMLL's IPO
Margin Pressure: While revenue is growing, there is pressure on margins, which could impact profitability.
High Debt Levels: The company carries significant debt, which could be a risk if not managed properly.
Competitive Market: The logistics sector is highly competitive, with many players vying for market share, which could impact RMLL's growth.
Conclusion
Investing in Rapid Multimodal Logistics Limited's IPO offers potential rewards but also comes with risks. The company's strong industry position and revenue growth are promising, but investors should be cautious about margin pressure and debt levels. Carefully weighing these pros and cons will help you decide whether this IPO aligns with your investment goals.
FAQs About Rapid Mutlimodal Logistics Limited Ipo
Rapid Mutlimodal Logistics Limited IPO will open on 22 Aug, 2024 and close on 27 Aug, 2024. Investors must apply within this period to participate.
The Rapid Mutlimodal Logistics Limited IPO price band is set between ₹84.00 and ₹84.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹134400.00.
The Rapid Mutlimodal Logistics Limited IPO shares are expected to be listed on 30 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Rapid Mutlimodal Logistics Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rapid Mutlimodal Logistics Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.