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IPO Synopsis

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Rapid Fleet Management Services Ltd
Registered Office: New No.9 Old No. 5,Coral Merchant Street , Chennai - 600001 , Tamil Nadu , India.
Phone : 044 - 2521 0132
Fax :
Email :  info@rapidtransportsystems.in  
Website :  www.rapidfleet.in
Initial public offer of 22,84,800 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Rapid Fleet Management Services Limited (the "Company" or the "Issuer") for cash at a price of Rs. 192.00 per equity share including a share premium of Rs. 182.00 per equity share (the "Issue Price") aggregating to Rs. 43.87 crores ("The Issue"). The issue includes a reservation of 4,21,800 equity shares aggregating to Rs. 8.10 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 18,63,000 equity shares aggregating to Rs. 35.77 crores (the "Net Issue"). The face value of the equity shares is Rs. 10.00 each and the issue price is 19.2 times of the face value.

Issue Money Payable On
Opened On Closed On Offer Price Application
21-Mar-25 25-Mar-25 ₹  192.00 ₹  192.00
Minimum Application for shares in Nos :600  Further Multiples of :600

  Lead Managers to the Issue
Project Cost ₹   38.62 Cr
Gretex Corporate Services Ltd
Project Financed through Current Offer ₹   43.87 Cr  
Post Issue Equity Share Capital ₹   7.43 Cr  
Face Value ₹   10  
 
Projects
Purchase of Vehicles (Goods Carriages)General Corporate Purposes
Working Capital Requirements
Promoted By
Anand Poddar  
Shruti Poddar  
Rajkumar Poddar  
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.
 
 

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