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Rapid Multimodal Logistics Limited IPO And Its GMP
Rapid Multimodal Logistics Limited is a Chennai-based company engaged in the business of providing one-stop logistical solutions. The company mainly caters to the B2B segment of the industry. They provide an end-to-end logistics solution to manufacturers/traders to transport raw materials or finished goods.
They are involved in the management and coordination of the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination. They provide single as well as multimodal transportation services that involve the coordinated use of multiple modes of transportation (such as road, rail and sea) within a single, integrated supply chain to optimize efficiency and meet the unique requirements of shipments. Right from shipment planning, Route Optimization, Carrier Selection, Documentation, Containerization, Tracking and Communication and Coordination, Last-Mile Delivery and Performance Evaluation.
Issue Type: Fixed Price Issue
Total Issue Size: ₹8.49 crores
Number of Shares Offered: 10.11 lakh shares
Issue Price: ₹84 per share
Opening Date: August 22, 2024
Closing Date: August 27, 2024
Minimum Lot Size: 1600 shares
Book Running Lead Manager: Gretex Corporate Services Limited
Registrar: Bigshare Services Pvt Ltd
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Rapid Multimodal Logistics IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 29-08-2024 | 84 | 10.0 (12%) | 29-Aug-2024 12:30 |
| 28-08-2024 | 84 | 10.0 (12%) | 28-Aug-2024 13:30 |
| 23-08-2024 | 84 | 0 | 23-Aug-2024 14:00 |
| 22-08-2024 | 84 | 0 | 22-Aug-2024 14:00 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Rapid Multimodal Logistics IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,011,200 shares (aggregating up to ₹8.49 Cr) |
| Fresh Issue | 1,011,200 shares (aggregating up to ₹8.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 2,800,000 |
| Shareholding post issue | 3,811,200 |
Rapid Multimodal Logistics IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, August 22, 2024 |
| IPO Close Date | Tuesday, August 27, 2024 |
| Basis of Allotment | Wednesday, August 28, 2024 |
| Initiation of Refunds | Thursday, August 29, 2024 |
| Credit of Shares to Demat | Thursday, August 29, 2024 |
| Listing Date | Friday, August 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 27, 2024 |
Rapid Multimodal Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| HNI (Min) | 2 | 3,200 | ₹268,800 |
Rapid Multimodal Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Rapid Multimodal Logistics IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Company & Financials
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.
Rapid Multimodal Logistics Limited Financial Information
| Period Ended | 20 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 1,132.34 | 699.14 | 673.51 | 4.96 | ||||||||||||||||||||||||||||||||||||
| Revenue | 3,474.05 | 7,296.17 | 4,774.4 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 106.38 | 200.48 | 95.43 | -0.32 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 406.58 | 300.59 | 100.11 | 4.68 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 401.58 | 295.59 | 95.11 | -0.32 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 508.18 | 227.88 | 357.59 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.42% |
| ROCE | 48.98% |
| Debt/Equity | 0.19 |
| RoNW | 38.01% |
| PAT Margin (%) | 2.5 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.16 | 21.04 |
| P/E (x) | 11.73 | 3.99 |
Objectives of Rapid Multimodal Logistics IPO
The company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:
- ● Working Capital Requirements.
- ● General Corporate Purposes.
Rapid Multimodal Logistics IPO Review
The company is operating in one-stop logistics solutions which is a highly competitive and fragmented segment. The company marked inconsistency in its top and bottom lines. Small paid-up equity capital post-IPO indicates a longer gestation period for migration. Based on FY24 earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the medium term.
FAQs for Rapid Multimodal Logistics IPO
-
What is Rapid Multimodal Logistics IPO?
Rapid Multimodal Logistics IPO is an BSE SME IPO. They are going to raise ₹8.49 Crores via IPO. The issue is priced at ₹84 per equity share. The IPO is to be listed on BSE.
-
When will the Rapid Multimodal Logistics IPO open?
The IPO is to open on August 22, 2024, for QIB, NII, and Retail Investors.
-
What is Rapid Multimodal Logistics IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
-
What is Rapid Multimodal Logistics IPO Size?
Rapid Multimodal Logistics IPO size is ₹8.49 crores.
-
What is the Rapid Multimodal Logistics IPO Price Band?
Rapid Multimodal Logistics IPO Price Band is ₹84 per equity share.
-
What is Rapid Multimodal Logistics IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹134,400.
-
What is the Rapid Multimodal Logistics IPO Allotment Date?
Rapid Multimodal Logistics IPO allotment date is August 28, 2024.
-
What is Rapid Multimodal Logistics IPO Listing Date?
Rapid Multimodal Logistics IPO listing date is August 30, 2024. The IPO to list on BSE SME.
-
What is the current GMP of Rapid Multimodal Logistics?
The current GMP of Rapid Multimodal Logistics is 10.0 (12%).
DRHP:
DRHP of Rapid Multimodal Logistics Limited IPO.
-
What is Rapid Multimodal Logistics IPO?
Rapid Multimodal Logistics IPO is an BSE SME IPO. They are going to raise ₹8.49 Crores via IPO. The issue is priced at ₹84 per equity share. The IPO is to be listed on BSE.
-
When will the Rapid Multimodal Logistics IPO open?
The IPO is to open on August 22, 2024, for QIB, NII, and Retail Investors.
-
What is Rapid Multimodal Logistics IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
-
What is Rapid Multimodal Logistics IPO Size?
Rapid Multimodal Logistics IPO size is ₹8.49 crores.
-
What is the Rapid Multimodal Logistics IPO Price Band?
Rapid Multimodal Logistics IPO Price Band is ₹84 per equity share.
-
What is Rapid Multimodal Logistics IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹134,400.
-
What is the Rapid Multimodal Logistics IPO Allotment Date?
Rapid Multimodal Logistics IPO allotment date is August 28, 2024.
-
What is Rapid Multimodal Logistics IPO Listing Date?
Rapid Multimodal Logistics IPO listing date is August 30, 2024. The IPO to list on BSE SME.
-
What is the current GMP of Rapid Multimodal Logistics?
The current GMP of Rapid Multimodal Logistics is 10.0 (12%).
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