Rapid Fleet Management Services Limited, based in Chennai, specializes in providing road transportation and logistics services to both B2B and B2C clients. Rapid Fleet Management Services Limited is launching its Rapid Fleet Management Services Limited IPO.
As of August 14, 2024, the company owns a fleet of 174 vehicles, serving various industries such as Tyre, Logistics, Electronics, FMCG, Renewable Energy, Durables, F&B, and Chemicals.
The company is ISO 9001:2015 certified and has developed its own mobile application to ensure continuous and efficient operations.
Rapid Fleet Management Services Limited IPO Details:
- IPO Open Date: Fri, Mar 21, 2025
- Close Date: Tue, Mar 25, 2025
- Tentative Allotment: Wed, Mar 26, 2025
- Initiation of Refunds: Thu, Mar 27, 2025
- Credit of Shares to Demat: Thu, Mar 27, 2025
- Tentative Listing Date: Fri, Mar 28, 2025
- Cut-off time for UPI mandate confirmation: 5 PM on March 25, 2025
- Issue Size: The initial public offering comprises up to 23,52,000 equity shares with a face value of ₹10 each.
- Issue Price Band: ₹183 to ₹192 per share
- Lot Size: 600 Shares
Registrar and Lead Manager:
- Registrar: Bigshare Services Private Limited is the registrar for this IPO.
- Lead Manager: Gretex Corporate Services Limited is acting as the book-running lead manager for the issue.
Who is the Promoters of Rapid Fleet Management Services Limited
The promoters of Rapid Fleet Management Services Limited are:
- Mr. Anand Poddar: Serving as the Managing Director, he leads the company’s strategic initiatives and overall operations.
- Ms. Shruti Poddar: As an Executive Director, she plays a pivotal role in the company’s executive decisions and management.
Their leadership has been instrumental in establishing Rapid Fleet Management Services Limited as a premier logistics firm in India’s thriving logistics industry.
Rapid Fleet Management Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 600 | ₹1,15,200 |
| Retail (Maximum) | 1 | 600 | ₹1,15,200 |
| HNI (Minimum) | 2 | 1,200 | ₹2,30,400 |
About Rapid Fleet Management Services Limited
Rapid Fleet Management Services Limited, formerly known as Rapid Transport Systems, is a Chennai-based logistics company specializing in road transportation services. Established in 2006 with an initial fleet of 10 vehicles, the company has experienced significant growth over the years.
As of the latest available information, they operate an in-house fleet of approximately 220 vehicles, including various types of cargo trucks and trailers, complemented by around 500 attached vehicles within their network.
Key Milestones and Services:
- Clientele Expansion: The company initially focused on transporting food products but expanded its services by securing contracts with leading tire manufacturers such as JK Tyre and Apollo Tyres. Their diverse clientele now includes prominent brands like Coca-Cola, Pepsi, Michelin, Samsung, Reckitt Benckiser, CEAT, Aditya Birla Group, and Britannia Biscuits.
- Digital Integration: Embracing technological advancements, Rapid Fleet Management Services has developed a proprietary mobile application to streamline operations. This digital transformation ensures continuous and efficient service delivery, setting them apart in the logistics industry.
- Certifications: The company holds ISO 9001:2015 certification, reflecting its commitment to maintaining high-quality management standards.
Recent Developments:
In line with their growth strategy, Rapid Fleet Management Services Limited has filed a Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO). The proposed IPO aims to issue up to 2,352,000 equity shares with a face value of ₹10 each.
The primary objective of this public offering is to raise funds for the acquisition of additional goods carriage vehicles, thereby expanding their operational capacity.
Rapid Fleet Management Services Limited Financial Information
| Period Ended | 31 Mar 2024 | 3Mar 2023 | 31 Mar 2022 |
| Assets | ₹70.66 Crores | ₹71.81 Crores | ₹75.37 Crores |
| Revenue | ₹116.32 Crores | ₹106.03 Crores | ₹ 114.02 Crores |
| Profit After Tax | ₹8.07 Crores | ₹4.71 Crores | ₹3.4 Crores |
| Net Worth | ₹20.15 Crores | ₹12.08 Crores | ₹7.41 Crores |
| Reserves and Surplus | ₹20.05 Crores | ₹11.98 Crores | ₹7.31 Crores |
Rapid Fleet Management Services Limited IPO Key Performance Indicator
Rapid Fleet Management Services Limited, a Chennai-based logistics company, has filed a Draft Red Herring Prospectus (DRHP) in preparation for its upcoming Initial Public Offering (IPO). The DRHP provides comprehensive financial information and key performance indicators (KPIs) essential for potential investors.
| KPI | Values |
| ROE | 50.09% |
| ROCE | 43.11% |
| Debt/Equity | 0.74 |
| RoNW | 40.06% |
| PAT Margin | 6.98 |
| Price to Book Value | 4.76 |
Key Financial Highlights:
- Revenue: The company’s revenue has shown consistent growth over the past few years, reflecting its expanding operations and client base.
- Profitability: Rapid Fleet Management Services Limited has maintained a steady profit margin, indicating efficient cost management and operational effectiveness.
- Assets: The company’s asset base, including its fleet of vehicles, has expanded, supporting increased service capacity.
Key Performance Indicators (KPIs):
- Fleet Size: As of August 14, 2024, the company owns 174 vehicles, serving a diverse range of industries.
- Clientele Diversity: The company caters to various sectors, including Tyre, Logistics, Electronics, FMCG, Renewable Energy, Durables, F&B, and Chemicals.
- Certification: The company is ISO 9001:2015 certified, ensuring adherence to quality management standards.
Strengths of Fleet Management Services Limited IPO:
- Diverse Industry Presence: The company serves a wide array of industries, including Tyre, Logistics, Electronics, FMCG, Renewable Energy, Durables, F&B, and Chemicals, showcasing its adaptability and broad market reach.
- ISO Certification: Holding an ISO 9001:2015 certification, the company demonstrates a commitment to quality management standards, enhancing its credibility among clients and stakeholders.
- Technological Integration: The development of a proprietary mobile application ensures 24×7 process flow at all operational levels, leading to uninterrupted and efficient services.
Risks of Fleet Management Services Limited IPO:
- Regulatory Compliance: The logistics industry is subject to stringent regulations. Non-compliance with evolving laws could result in operational disruptions or financial penalties.
- Market Competition: The logistics sector is highly competitive, with numerous players offering similar services. Maintaining market share requires continuous innovation and customer satisfaction.
- Economic Sensitivity: The company’s performance is linked to economic cycles. Economic downturns could reduce demand for logistics services, impacting revenue.
- Operational Challenges: Managing a large fleet involves challenges such as maintenance costs, fuel price volatility, and driver shortages, which could affect profitability.
Investors are advised to thoroughly review the DRHP and consult financial advisors to make informed decisions regarding the IPO.
Rapid Fleet Management Services Limited Contact Details
Head Office:
- Address: Kanaga Saraswathi Towers, No: 5/9, 2nd Floor, Coral Merchant Street, Chennai – 600 001
- Contact Person: Arun Kumar
- Phone: +91 98403 33331
Branch Offices:
Kolkata:
- Address: PS Qube, Office No. 917, Plot No. IID/31/1, Street No. 1111, New Town, Kolkata – 700135
- Contact Person: Akash Poddar
- Phone: +91 93305 16956
Mumbai:
- Address: 2454 Regus, Rupa Renaissance, 24th Floor, B Wing, D33 Turbhe MIDC Rd, TTC Industrial Area, MIDC Industrial Area, Turbhe, Navi Mumbai, Maharashtra – 400705
- Contact Person: R.T Gopan
- Phone: +91 93444 90864
Bengaluru:
- Address: Opp: Coca Cola Plant, Johar Doddi, Bidadi Industrial Area, Bidadi, Karnataka – 562109
- Contact Person: Mahesh Gowda
- Phone: +91 91643 35111
Chittoor:
- Address: VKRY Colony, Sricity, Near Hero Company, Vardhepalayam Mandal, Chittoor District
- Contact Person: Ashish Kumar
- Phone: +91 90422 53720
Rapid Fleet Management Services Limited IPO Registrar
The registrar for the Rapid Fleet Management Services Limited Initial Public Offering (IPO) is Bigshare Services Private Limited.
Registrar Contact Details:
- Address: S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Andheri East, Mumbai – 400 093
- Phone: +91 22 6263 8200
- Website:www.bigshareonline.com
For more details about the IPO, you can refer to the Draft Red Herring Prospectus (DRHP) available on the company’s official website.
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