Last updated on September 3, 2024
Rapid Multimodal IPO description – Rapid Multimodal is engaged in providing logistical solutions to the B2B segment of industries like Glass, Plywood, Paper, Edible oil, Gypsum boards, Iron & Steel, Scraps, Tiles, Sanitary, and Liquor. The company provides end-to-end logistics solutions to manufacturers/traders to transport raw materials or finished goods. It is involved in managing and coordinating the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination.
Rapid Multimodal in collaboration with Container Corporation of India Limited (Concor), an intermodal logistics Public Sector Enterprise as a Business Associate since 2021. It has a tie-up agreement with Concor on the yearly renewal of the contract of railway shipments for its clients.
The company’s clients are in diverse parts of the country but the majority of revenue from services comes from Chennai, Balasore, Sri City 100 (Tada), Krishnapatnam, Vizag, and Morbi. As of 20 January 2024, Rapid Multimodal has 17 employees on the payroll.
Promoters of Rapid Multimodal – Mr. Narayan Agarwal, Mr. Manoj Goel, Mr. Summit Agarwal and Ms. Nidhi Agarwal
Table of Contents
Rapid Multimodal IPO Details
| Rapid Multimodal IPO Dates | 22 – 27 August 2024 |
| Rapid Multimodal Issue Price | INR 84 per share |
| Fresh issue | 10,11,200 shares (INR 8.49 crore) |
| Offer For Sale | NIL |
| Total IPO size | 10,11,200 shares (INR 8.49 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,34,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Rapid Multimodal Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | – | 47.71 | 72.73 | 71.82 |
| Expenses | 0.32 | 46.47 | 70.32 | 69.41 |
| Net income | (0.32) | 0.95 | 2.00 | 1.79 |
Rapid Multimodal Offer News
- Rapid Multimodal RHP
- Rapid Multimodal Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Rapid Multimodal Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| EPS | (0.01) | 3.41 | 7.16 | 6.40 |
| PE ratio | – | – | – | 13.13 |
| RONW (%) | (6.75) | 95.32 | 66.70 | 38.01 |
| NAV | 0.17 | 3.58 | 10.74 | 16.84 |
| ROCE (%) | – | 83.06 | 69.55 | 48.98 |
| EBITDA (%) | – | 2.97 | 3.68 | 3.84 |
| Debt/Equity | – | 3.57 | 0.76 | 0.43 |
Rapid Multimodal IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Rapid Multimodal IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 4,80,000 | 4,80,000 | 9,60,000 |
| 27 Aug 2024 | 528.56 | 172.47 | 350.52 |
| 26 Aug 2024 | 9.95 | 46.73 | 28.34 |
| 23 Aug 2024 | 4.55 | 18.56 | 11.56 |
| 22 Aug 2024 | 0.51 | 5.36 | 2.94 |
The market maker reservation portion of 51,200 shares is not included in the above calculations.
Rapid Multimodal IPO Dates & Listing Performance
| IPO Opening Date | 22 August 2024 |
| IPO Closing Date | 27 August 2024 |
| Finalization of Basis of Allotment | 28 August 2024 |
| Initiation of refunds | 29 August 2024 |
| Transfer of shares to demat accounts | 29 August 2024 |
| IPO Listing Date | 30 August 2024 |
| Opening Price on BSE SME | INR 103 per share (up 22.62%) |
| Closing Price on BSE SME | INR 108.10 per share (up 28.69%) |
Rapid Multimodal Offer Lead Manager
GRETEX CORPORATE SERVICES LIMITED
A- 401, Floor 4th, Plot FP-616, (PT), Naman Midtown,
Senapati Bapat Marg, Near Indiabulls, Dadar (W),
Delisle Road, Mumbai – 400013, Maharashtra, India
Phone: +91 96532 49863
Email:Â [email protected]
Website:Â www.gretexcorporate.com
Rapid Multimodal Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Rapid Multimodal Issue Contact Details
RAPID MULTIMODAL LOGISTICS LIMITED
New No.44, Old No.78,
Shrofforchards Chennai –
600010, Tamil Nadu, India
Phone: +91 044264 40181
E-mail: : [email protected]
Website: www.rapidlogistics.com
IPO FAQs
What is Rapid Multimodal offer size?
Rapid Multimodal offer size is INR 8.49 crores.
What is Rapid Multimodal offer price band?
Rapid Multimodal public offer price is INR 84 per share.
What is the lot size of Rapid Multimodal IPO?
Rapid Multimodal offer lot size is 1,600 shares.
What is Rapid Multimodal IPO GMP today?
Rapid Multimodal IPO GMP today is INR NA per share.
What is Rapid Multimodal kostak rate today?
Rapid Multimodal kostak rate today is INR NA per application.
What is Rapid Multimodal IPO Subject to Sauda rate today?
Rapid Multimodal’s Subject to Sauda rate today is INR NA per application.
