Rapid Fleet IPO Analysis: A Comprehensive Guide for Investors
The Initial Public Offering (IPO) market is buzzing with activity, and the Rapid Fleet IPO is one of the latest offerings capturing investor attention. Scheduled to open on March 21, 2025, and close on March 25, 2025, this SME IPO presents both opportunities and risks. Let’s delve into the details to help you make an informed decision.
What Does Rapid Fleet Management Services Do?
Incorporated in 2006, Rapid Fleet Management Services Limited specializes in providing comprehensive logistics and road transportation services. They cater to both B2B and B2C clients, managing a fleet of over 200 vehicles and serving diverse industries such as FMCG, automobile, and electronics. The company also utilizes a mobile app to streamline business processes and ensure 24/7 operations.
Services Offered:
- Full or Partial Load: Efficient and cost-effective transportation of goods and raw materials.
- Exim Services: Handling customs clearance, logistics optimization, and cross-border transactions.
- Renewable Transportation Services: Specialized transportation of Wind Turbine Generators (WTG), including large wind turbine blades.

Rapid Fleet IPO Details
The Rapid Fleet IPO is a book-built issue of Rs 43.87 crores, consisting entirely of a fresh issue of 22.85 lakh shares. Here’s a quick overview:
- IPO Dates: March 21, 2025 – March 25, 2025
- Listing Date (Tentative): March 28, 2025
- Face Value: ₹10 per share
- Issue Price Band: ₹183 to ₹192 per share
- Lot Size: 600 Shares
- Total Issue Size: 22,84,800 shares (₹43.87 Cr)
- Listing At: NSE SME
- Issue Type: Book Built Issue IPO
Subscription Details
Understanding the subscription status is crucial for assessing investor interest. Here’s a breakdown of the allocation:
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investor | 5,58,600 | 24.45% |
| Market Maker | 4,21,800 | 18.46% |
| QIB (Qualified Institutional Buyers) | 3,72,600 | 16.31% |
| NII (HNI) (Non-Institutional Investors) | 2,79,600 | 12.24% |
| Retail | 6,52,200 | 28.55% |
| Total | 22,84,800 | 100% |
IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | March 21, 2025 |
| IPO Close Date | March 25, 2025 |
| Tentative Allotment | March 26, 2025 |
| Initiation of Refunds | March 27, 2025 |
| Credit of Shares to Demat | March 27, 2025 |
| Tentative Listing Date | March 28, 2025 |
Lot Size and Investment
Investors need to apply for a minimum lot size of 600 shares. Here’s a breakdown of the investment amounts:
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,15,200 |
| Retail (Max) | 1 | 600 | ₹1,15,200 |
| HNI (Min) | 2 | 1,200 | ₹2,30,400 |
Anchor Investors
Rapid Fleet IPO raised Rs 10.73 crore from anchor investors on March 20, 2025.
| Detail | Value |
|---|---|
| Bid Date | March 20, 2025 |
| Shares Offered | 5,58,600 |
| Anchor Portion Size | Rs 10.73 Cr |
Company Financials
Analyzing the company’s financials provides insights into its performance and potential.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 101.37 | 70.66 | 71.81 | 75.37 |
| Revenue (₹ Crore) | 87.39 | 116.32 | 106.03 | 114.02 |
| Profit After Tax (₹ Crore) | 7.01 | 8.07 | 4.71 | 3.4 |
| Total Borrowing (₹ Crore) | 34.07 | 14.93 | 15.79 | 27.43 |
Objects of the Issue
The company plans to utilize the net proceeds from the IPO for the following purposes:
- Purchase of Vehicles (Goods carriages): ₹130 Million
- Working Capital Requirements: ₹191.2 Million
- General Corporate Purposes
Promoter Holding
- Promoters: Mr. Anand Poddar and Ms. Shruti Poddar
- Share Holding Pre Issue: 97.50%
- Share Holding Post Issue: 67.54%
Company Details and Registrar
Need to contact? Here are some important detail.
- Company: Rapid Fleet Management Services Limited
- Address: New No. 9, Old No. 5 Coral Merchant Street, Chennai – 600001
- Phone: 044-25210132
- Email: info@rapidtransportsystems.in
- Website: Rapid Fleet Management Services Limited
- Registrar: Bigshare Services Pvt Ltd
- Registrar Phone: +91-22-6263 8200
- Registrar Email: ipo@bigshareonline.com
- Registrar Website: Bigshare Services Pvt Ltd
Rapid Fleet IPO: Buy, Sell, or Hold?
As calibrated on various parameters it has been suggests by experts to avoid this IPO, citing inconsistency in top lines and aggressive pricing based on recent earnings. The IPO is considered a “High Risk/Low Return” bet.
Disclaimer: Investment in the stock market are subject to market risk , read all scheme related documents carefully.






