Rapid Fleet IPO subscription started on Friday, March 21, 2025, and will close on March 25, 2025, as per the schedule. The price band is set at ₹183 to ₹192 per share with a face value of ₹10 each.
Rapid Fleet IPO Subscription Status
Rapid Fleet IPO Subscribed over 0.07x on its First day till 05.00 PM on 21st March 2025.
- Rapid Fleet IPO subscription QIB investors portion is 0x times, while NII subscribed 0.03x times and RII investors subscribed 0.13x times.
- The company has received bids for 91,800 shares against 13,04,400 shares on offer on the First day.
- Rapid Fleet IPO Subscribed over 0.07x on day 1.
About Rapid Fleet IPO
Rapid Fleet Management Services Limited founded in 2006, is one of the well-known companies involved in the business of offering logistics services and road transportation services specialized to the B2B and B2C clients. As of now, the company owns 174 trucks which are used to provide logistics services to a diverse range of industries such as Tyre, Logistics, Electronics, FMCG, Renewable, Durables, FNB, and Chemicals. The company also incorporated its own Mobile App to enable the good flow of its business. The main aim of the company is to focus on providing business chain activities ensuring customer satisfaction. They are committed to offering customized-based solutions to their customers ensuring there is no issue from their side. Additionally, they deliver a wide range of cargo requirements which are Full and Partial Load Services. Rapid Fleet management services comprise 68 employees as of August 14, 2024.
Rapid Fleet IPO Company Financial Report
The company reported revenue of ₹116.32 crore in 2024 against ₹106.03 crore in 2023. The company reported a profit of ₹8.07 crores in 2024 against a profit of ₹4.71 crores in 2023.
Rapid Fleet IPO GMP:
Rapid Fleet IPO GMP was ₹0 as of Friday, 21st March. That indicates the IPO is trading at ₹192 with ₹0 premium in the grey market against the issue price of ₹192.
