Rapid Fleet Management Services came to market through an SME IPO that opened on 21 March 2025 and closed on 25 March 2025, and the shares listed on 28 March 2025 on NSE SME. The price band was ₹183 to ₹192 per share and one lot was 600 shares, so the minimum application was ₹1,15,200. The issue size was ₹43.87 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Gretex Corporate Services Limited was the lead manager.
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Founded in 2006, Rapid Fleet Management Services Limited specializes in offering wide-ranging logistics and road transport solutions to both B2B and B2C customers. It has grown rapidly, now handling a fleet of more than 200 vehicles. They cater to a wide array of industries like FMCG, automobile, and electronics industries. The firm has designed its own mobile application for streamlined business functions with 24/7 working. It aims for client compliance in e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.
As of August 14, 2024, the company maintains 68 people on the payroll.
As described in the offer document.
| Metric | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Mr. Anand Poddar, Ms. Shruti Poddar. Promoter holding 97.50% before the issue and 67.54% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Rapid Fleet Management Services IPO was a ₹43.87 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹183–₹192 per share with a lot size of 600 shares (₹1,15,200). The IPO was open from March 21 to March 25, 2025. Shares listed on NSE SME on March 28, 2025 at ₹195, a 1.6% premium to the issue price of ₹192. Bigshare Services Pvt Ltd is the registrar.
Gretex Corporate Services Limited is the book running lead manager.
The price band of Rapid Fleet Management Services IPO is ₹183 to ₹192 per share.
The lot size of Rapid Fleet Management Services IPO is 600 shares.
The minimum investment for Rapid Fleet Management Services IPO is approximately ₹1,15,200 based on the upper price band.
The allotment date of Rapid Fleet Management Services IPO is Mar 26, 2025.
You can check Rapid Fleet Management Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rapid Fleet Management Services IPO allotment status on Rupix for quick and easy access.
₹183 to ₹192 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,15,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,15,200, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 21 March 2025 and closed on 25 March 2025.
The basis of allotment was published on 26 March 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 March 2025 on NSE SME.
The issue size was ₹43.87 crore. The fresh issue was 22,84,800 shares (aggregating up to ₹43.87 crore).