Rapid Multimodal Logistics is launching an IPO with a fresh issue of 10,11,200 shares worth INR 8.49 crores. The company aims to meet the working capital requirement and general corporate purposes.
Rapid Multimodal Logistics IPO – Important Dates
| Rapid Multimodal Logistics Limited IPO Date | August 22, 2024 to August 27, 2024 |
| Rapid Multimodal Logistics Limited IPO Listing Date | August 30, 2024 |
| Rapid Multimodal Logistics Limited IPO Price | INR 84 per share |
| Rapid Multimodal Logistics Limited IPO Lot Size | 1600 Shares |
| Rapid Multimodal Logistics Limited IPO Total Issue Size | INR 8.49 crores |
| Rapid Multimodal Logistics Limited IPO Basis of Allotment | August 28, 2024 |
| Rapid Multimodal Logistics Limited IPO Initiation of Refunds | August 29, 2024 |
| Rapid Multimodal Logistics Limited IPO Credit of Shares to Demat | August 29, 2024 |
| Rapid Multimodal Logistics Limited IPO Issue Type | Fixed Price Issue |
| Rapid Multimodal Logistics Limited IPO Listing At | BSE SME |
Rapid Multimodal Logistics IPO – Company Profile
Rapid Multimodal Logistics is a Chennai-based company engaged in the business of providing one-stop logistical solutions to its clients. The company majorly caters to the B2B segment of the industry.
It provides an end-to-end logistics solution to manufacturers/traders to transport raw materials or finished goods. The company is involved in the management and coordination of the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination.
The company provides single as well as multimodal transportation services which involve the coordinated use of multiple modes of transportation (such as road, rail, and sea) within a single, integrated supply chain to optimize efficiency and meet the unique requirements of shipments. Right from shipment planning, Route Optimization, Carrier Selection, Documentation, Containerization, Tracking and Communication and Coordination, Last-Mile Delivery, and Performance Evaluation.
Rapid Multimodal Logistics Ltd IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 4,771.26 | 7,272.75 | 7,182.36 |
| Equity (₹ in lakhs) | 100.11 | 300.59 | 471.55 |
| Expenses (₹ in lakhs) | 4,646.98 | 7,032.20 | 6,941.01 |
| Profit and Loss After Tax (₹ in lakhs) | 127.42 | 263.97 | 243.24 |
| Diluted EPS only (₹) | 3.41 | 7.16 | 6.40 |
| Return on Net Worth (%) | 95.32 | 66.70 | 38.01 |
| NAV per Equity Share (₹) | 3.58 | 10.74 | 16.84 |
| Total Assets (in lakhs) | 673.51 | 699.14 | 839.76 |
| Total Liabilities (in lakhs) | 573.40 | 398.55 | 368.21 |
| Debt Equity Ratio | 3.57 | 0.76 | 0.43 |
| Current Ratio (in times) | 1.29 | 2.07 | 2.88 |
Rapid Multimodal Logistics IPO Financial Analysis
Rapid Multimodal Logistics’s financials show steady revenue and profit growth from March 2022 to March 2024, with improved equity and a strong current ratio, indicating liquidity. However, the Return on Net Worth (RoNW) has significantly decreased, and the Debt Equity Ratio has improved, showing reduced leverage.
- Revenue Growth: Steady revenue increase from ₹4,771.26 lakhs in FY 2022 to ₹7,182.36 lakhs in FY 2024.
- Profitability: Consistent profitability with a slight decrease in profit after tax from ₹263.97 lakhs in FY 2023 to ₹243.24 lakhs in FY 2024.
- Debt Reduction: Significant reduction in the debt-equity ratio from 3.57 in FY 2022 to 0.43 in FY 2024, indicating lower financial risk.
- Improved Liquidity: Current ratio improved from 1.29 in FY 2022 to 2.88 in FY 2024, reflecting better liquidity management.
- Decreasing RoNW: Return on Net Worth declined from 95.32% in FY 2022 to 38.01% in FY 2024, suggesting reduced efficiency in generating returns on equity.
- Stable NAV Growth: Net Asset Value per equity share increased from ₹3.58 in FY 2022 to ₹16.84 in FY 2024, indicating asset appreciation.
- EPS Decline: Diluted EPS decreased from ₹7.16 in FY 2023 to ₹6.40 in FY 2024, reflecting a potential slowdown in earnings growth.
Rapid Multimodal Logistics IPO Peer Comparison
Rapid Multimodal Logistics has the best profitability and returns, making it an attractive option. Shree Vasu Logistics leads in revenue but may be overvalued. Chartered Logistics lags in key metrics.
| Company | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Rapid Multimodal Logistics Limited | 7,182.36 | 10 | 13.12 | 6.40 | 38.01 | 16.84 |
| Chartered Logistics Limited | 2,005.00 | 1 | 52.89 | 0.19 | 1.48 | 4.89 |
| Shree Vasu Logistics Limited | 12,306.60 | 10 | 84.08 | 2.72 | 9.76 | 28.18 |
Rapid Multimodal Logistics Ltd IPO Objective
The main objectives of Rapid Multimodal Logistics’s IPO are to utilize INR 5.50 crores for working capital needs and INR 1.75 crores for general corporate purposes, including strategic initiatives and brand building.
- Working Capital Requirement: The business of the company is working capital intensive. The company intends to meet the working capital requirements to the extent of INR 5.50 crores from the Net Proceeds of this Issue.
- General Corporate Purpose: The company will allocate the balance funds INR 1.75 crores to general corporate goals, including strategic initiatives, brand building, addressing unforeseen contingencies, and other purposes to support overall business growth and operations.
Rapid Multimodal Logistics Limited IPO Risks And Challenges
Rapid Multimodal Logistics risks involve reliance on manpower, key clients in specific industries, technology, and brand recognition poses risks. Any disruption in these areas could negatively impact operations, cash flows, profitability, and business success.
- The business involves the usage of manpower and any unavailability of the employees or any strikes, or work stoppages may harm the cash flows and results of operations.
- The company depends significantly on clients operating in the Iron and Steel, Paper, Gypsum Board, Tiles & Sanitary industries in India. A loss of, or a significant decrease in their business could adversely affect the business and profitability.
- The business is highly dependent on technology and any disruption or failure of the technology systems may affect the operations.
- Brand recognition is important to the success of the business, and the inability to build and maintain the brand names will harm the business, financial condition, and results of operation.
Rapid Multimodal Logistics Ltd IPO – Industry & Market Potential
The services sector is not only the dominant sector in India’s GDP but has also attracted significant foreign investment, has contributed significantly to exports, and has provided large-scale employment.
The service sector has over 50% contribution to India’s GDP, and it has witnessed a growth of 10.8% during the first half of 2021-22. The service sector has emerged as the highest employment generator with a 5-7% y-o-y growth in 2022.
By 2030, India wants to lower its logistics expenditures from 13-14% of GDP to 8-10% of the GDP. It is projected that a 10% reduction in indirect logistics costs is expected to result in a 5% to 8% increase in exports.
Rapid Multimodal Logistics IPO – Type of Offer
Rapid Multimodal Logistics is issuing an IPO with a fresh allotment of 10,11,200 shares valued at INR 8.49 crores. The funds will be used to address working capital needs and general corporate objectives.
Rapid Multimodal Logistics IPO Offer Size
The offer size for Rapid Multimodal Logistics’ IPO is INR 8.49 crores, featuring a fresh issue of 10,11,200 shares. The company plans to use the funds to meet working capital needs and for general corporate purposes.
Rapid Multimodal Logistics IPO Allotment Structure
Rapid Multimodal Logistics IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 51,200 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 51,200 shares for this purpose.
How to apply for the Rapid Multimodal Logistics IPO?
To apply for the Rapid Multimodal Logistics IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Rapid Multimodal Logistics IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Rapid Multimodal Logistics IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Rapid Multimodal Logistics IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Rapid Multimodal Logistics IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Rapid Multimodal Logistics IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Rapid Multimodal Logistics IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Rapid Multimodal Logistics IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Rapid Multimodal Logistics Ltd IPO Offer Registrar
The registrar for Rapid Multimodal Logistics’ IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri – East, Mumbai – 400093
Website: www.bigshareonline.com
Rapid Multimodal Logistics IPO – FAQs
1. What is the allotment date of the Rapid Multimodal Logistics Limited IPO?
The allotment date of the Rapid Multimodal Logistics Limited IPO is August 28, 2024.
2. What is the price band of the Rapid Multimodal Logistics Limited IPO?
The price band of the issue is INR 84 per share.
3. What is the size of the Rapid Multimodal Logistics Limited IPO?
The offer size for Rapid Multimodal Logistics’ IPO is INR 8.49 crores, featuring a fresh issue of 10,11,200 shares. The company plans to use the funds to meet working capital needs and for general corporate purposes.
4. What is the listing date of the Rapid Multimodal Logistics Limited IPO?
The listing date of Rapid Multimodal Logistics Limited’s IPO is August 30, 2024.
