Rapid Mutlimodal Logistics is scheduled to hit the market on August 22, 2024 and close on August 27, 2024. Rapid Mutlimodal Logistics plans to raise around ₹8.49 Cr through an IPO with a sale of up to 1,011,200 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Rapid Multimodal Logistics Limited, based in Chennai and incorporated in July 2020, specializes in providing comprehensive logistical solutions primarily for the B2B sector. The company offers both single and multimodal transportation services, which integrate various modes of transport—such as road, rail, and sea—into a unified supply chain. This approach enhances efficiency and meets specific shipment needs by encompassing planning, route optimization, carrier selection, documentation, containerization, tracking, communication, last-mile delivery, and performance evaluation.
The company serves a diverse range of industries, including glass, plywood, paper, edible oil, gypsum boards, iron and steel, scraps, tiles, sanitary products, and liquor. As of January 2024, Rapid Multimodal Logistics Limited has a workforce of 17 employees dedicated to delivering high-quality logistical services to its clients.
Rapid Mutlimodal Logistics IPO Details
Rapid Mutlimodal Logistics IPO opens on August 22, 2024, and closes on August 27, 2024. The Listing date for Rapid Mutlimodal Logistics IPO is on August 30, 2024. The price band for IPO is ₹84 per share and lot size of 1600 Shares.
| IPO Date | August 22, 2024 to August 27, 2024 |
| Listing Date | August 30, 2024 |
| Price | ₹84 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹8.49 Cr |
| Face Value | ₹10 per share |
Rapid Mutlimodal Logistics IPO Tentative Timetable
Rapid Mutlimodal Logistics opening date is August 22, 2024 and close date is August 27, 2024. The IPO allotment date is August 28, 2024. Therefund initiation of IPO is on August 29, 2024. The credit of shares in demat account is on August 29, 2024. The listing date is on August 30, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 22, 2024 |
| IPO Closing | August 27, 2024 |
| IPO Allotment Date | August 28, 2024 |
| Refund Initiation | August 29, 2024 |
| Shares Credit to Demat | August 29, 2024 |
| Lisiting Date | August 30, 2024 |
Rapid Mutlimodal Logistics IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹134,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹134,400 |
| Retail(Maximum) | 1 | 1600 | ₹134,400 |
| HNI (Minimum) | 2 | 3200 | ₹268,800 |
Rapid Mutlimodal Logistics IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Rapid Mutlimodal Logistics IPO Review
Multimodal Logistics Ltd. (RMLL) is a logistics company that offers complete solutions mainly for businesses. They provide all-in-one logistics services, managing the movement of raw materials and finished products from the starting point to the final destination. RMLL specializes in both single and multimodal transportation, using different modes like road, rail, and sea to make the supply chain more efficient. This flexibility allows them to serve various industries, including glass, plywood, paper, edible oil, iron, and steel. The wide range of industries they serve shows their ability to adapt and provide customized logistics solutions to meet their clients' specific needs.
RMLL has shown mixed results in its financial performance over the years. Revenue increased significantly from ₹47.74 crore in FY22 to ₹72.96 crore in FY23 but then slightly declined to ₹71.84 crore in FY24. The Profit After Tax (PAT) also fluctuated, reaching a high of ₹2.01 crore in FY23 before dropping to ₹1.79 crore in FY24. The company has maintained an average Earnings Per Share (EPS) of ₹6.16 and an average Return on Net Worth (RoNW) of 57.12% over the last three years. With the upcoming IPO, RMLL plans to issue 1,011,200 equity shares at a fixed price of ₹84 per share, aiming to raise ₹8.49 crore. The money raised will mainly be used for working capital and other corporate needs. After the IPO, the company’s equity capital will increase to ₹3.81 crore, giving it a market cap of ₹32.01 crore.
Given the company's mixed financial performance, especially in its revenue and profits, it seems that the IPO is priced based on FY24 earnings with a Price-to-Earnings (P/E) ratio of 17.87x. The logistics industry is very competitive and fragmented, which could make it tough for RMLL to maintain profitability and growth. Additionally, the small equity base after the IPO suggests it might take longer for the company to move to the main board. While RMLL’s focus on specialized logistics solutions and its industry partnerships are positive signs, the financial inconsistencies and competition indicate that this IPO might be better suited for informed investors who have a moderate risk appetite and extra funds to invest. Investors should think about holding their investments for the medium term, considering the potential rewards against the risks involved.
Rapid Mutlimodal Logistics IPO Subscription Status (Bidding Details)
Table not foundRapid Mutlimodal Logistics IPO Broker Recommendations
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- Arihant Capital: To be updated soon
Rapid Mutlimodal Logistics IPO FAQs
What is Rapid Mutlimodal Logistics IPO?
Rapid Mutlimodal Logistics is issuing 1,011,200 equity shares with a face value of ₹10 each, totaling up to ₹8.49 Cr. The shares are being offered at a price of ₹84 each, with a minimum order quantity of 1600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Rapid Mutlimodal Logistics IPO will open?
Rapid Mutlimodal Logistics will open on August 22, 2024 for QIB, NII, and Retail Investors.
When Rapid Mutlimodal Logistics IPO will end?
Rapid Mutlimodal Logistics will end on August 27, 2024.
What is Rapid Mutlimodal Logistics IPO Size?
Rapid Mutlimodal Logistics IPO size is ₹8.49 Cr.
What is Rapid Mutlimodal Logistics IPO Price Band?
Rapid Mutlimodal Logistics price band is ₹84 per share.
What is the Rapid Mutlimodal Logistics IPO Allotment Date?
Rapid Mutlimodal Logistics allotment date is August 28, 2024.
What is the Rapid Mutlimodal Logistics IPO Listing Date?
Rapid Mutlimodal Logistics listing date is August 30, 2024. The IPO is to be listed on BSE and NSE.
How to Rapid Mutlimodal Logistics IPO through Zerodha?
To apply for the IPO “Rapid Mutlimodal Logistics” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Rapid Mutlimodal Logistics IPO through Upstox?
To apply for the IPO “Rapid Mutlimodal Logistics” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Rapid Mutlimodal Logistics IPO Allotment Status?
For Rapid Mutlimodal Logistics IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Rapid Mutlimodal Logistics IPO GMP?
You can check out here: Rapid Mutlimodal Logistics IPO GMP. Check all IPO GMP here.