Rapid Fleet Management Services IPO Closed
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Schedule of Rapid Fleet Management Services
| Issue open date | 21 Mar 2025 |
| Issue close date | 25 Mar 2025 |
| UPI mandate deadline | 25 Mar 2025 (5 PM) |
| Allotment finalization | 26 Mar 2025 |
| Refund initiation | 27 Mar 2025 |
| Share credit | 27 Mar 2025 |
| Listing date | 28 Mar 2025 |
| Mandate end date | 09 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 24 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Rapid Fleet Management Services
Incorporated in 2006, Rapid Fleet Management Services is a Chennai-based logistics provider catering to both B2B and B2C clients with a focus on road transportation. Operations include order booking, route optimization, and vehicle selection based on cargo requirements, ensuring secure loading from warehouses or designated stops. Shipments are monitored in real-time using GPS and FAST-TAG SIM tracking for transparency and efficiency. With a fleet of 226 vehicles, the company serves industries such as Tyres, Logistics, Electronics, FMCG, Renewable Energy, Durables, F&B, and Chemicals. As an ISO 9001:2015 certified provider, it ensures professionalism and customer satisfaction. Services include Full or Partial Load transport, Exim Services, and Renewable Transportation, with a strong presence in the tire manufacturing sector.
Financials of Rapid Fleet Management Services
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹43.87 crores |
| Fresh Issue | ₹43.87 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of vehicles | 13 (29.63%) |
| Working capital requirements | 19.12 (43.58%) |
| General corporate purposes | 11.75 (26.78%) |
Strengths
- Integrated TMS for efficient operations
- Real-time tracking with GPS and FAST-TAG
- Strong fleet of 226 vehicles
- ISO 9001:2015 certified for quality service
Risks
- Business relies on uninterrupted road network access.
- Failure to obtain regulatory approvals may impact operations.
- Ongoing legal proceedings may affect business and finances.
- Heavy revenue dependence on Full Load and Exim Services.
Allotment Status for Rapid Fleet Management Services
To check your allotment status – click here.
Subscription Figures for Rapid Fleet Management Services
Subscription numbers as of 5:00 PM on 24 Mar 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 3.72 | 3.72 | 1x |
| HNI (₹2L+) | 2.79 | 0.16 | 0.06x |
| Retail (upto ₹2L) | 6.52 | 1.86 | 0.29x |
| Total | 13.04 | 5.76 | 0.44x |