Rapid Fleet IPO listing: The Rapid Fleet Management Services Limited Initial Public Offering (IPO) was listed on the NSE SME platform today, March 28, 2025. The shares made a positive debut, opening at ₹195 per share, which reflects a premium of 1.56% over the upper end of its issue price band of ₹192.
| Listing Date | 28 March |
| Issue Price | ₹192 |
| Listing Price | ₹195 |
| Listing Gains | 1.56% |
Rapid Fleet IPO details
Rapid Fleet IPO will open on 21 March 2025 and close on 28 March 2025, with allotment finalized on 26 March 2025. The IPO, a book-built issue of ₹43.87 crores, consists entirely of a fresh issue of 22.85 lakh shares. Priced between ₹183-₹192 per share, retail investors must invest a minimum of ₹1,15,200 for 600 shares. The company’s revenue grew from ₹106.03 crore in 2023 to ₹116.32 crore in 2024, with profit rising from ₹4.71 crore to ₹8.07 crore.
Rapid Fleet Bullet Points:
IPO Date: 21 March 2025 – 28 March 2025
Allotment Date: 26 March 2025
Listing Date: 28 March 2025 (NSE)
IPO Type: Book Built Issue
Issue Size: ₹43.87 crores (22.85 lakh fresh shares)
IPO Price Band: ₹183 – ₹192 per share
Minimum Lot Size: 600 shares
Minimum Investment: ₹1,15,200 for retail investors
Revenue Growth: ₹106.03 crore in 2023 → ₹116.32 crore in 2024
Profit Growth: ₹4.71 crore in 2023 → ₹8.07 crore in 2024
Rapid Fleet IPO Overall Subscription
Rapid Fleet IPO subscribed 1.65x. The public issue subscribed 0.81x in the RII category, 1.07x in QIB, and 4.38x in the NII category.
| Category | Subscription |
|---|---|
| QIB | 1.07x |
| NII | 4.38x |
| Retail | 0.81x |
| Total | 1.65x |
About Rapid Fleet Company
Rapid Fleet Management Services, based in Chennai, specializes in providing tailored logistics solutions for both B2B and B2C clients. The company focuses on road transportation, ensuring efficient deliveries through order booking, route planning, and vehicle selection based on cargo requirements. With GPS, FAST-TAG, and SIM tracking, they monitor shipments in real time for secure and timely transit.
Owning a fleet of 174 vehicles, the company serves diverse industries like Tyres, Electronics, FMCG, and Chemicals. As an ISO 9001:2015 certified provider, Rapid Fleet Management Services prioritizes reliability and customer satisfaction, backed by a team of logistics experts.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
