Rapid Fleet Management: Rapid Fleet Management shares get listed at 1.56% Premium.Rapid Fleet Management: Rapid Fleet Management shares get listed at 1.56% Premium.

Rapid Fleet Management had a strong market debut on NSE SME on March 28, 2025, listing at ₹195 per share. This marked a 1.56% gain over its IPO price of ₹192, reflecting modest investor enthusiasm on listing day.

Rapid Fleet Management IPO witnessed decent traction on Day 3, recording an overall subscription of 1.65 times. QIBs subscribed 1.07 times, NIIs led with 4.38 times, while the retail portion was booked 0.81 times, indicating improved interest across investor categories by the final bidding day.

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Rapid Fleet Management Services, based in Chennai, provides logistics and road transportation services for B2B and B2C clients. With 226 vehicles, it offers customized delivery solutions through route planning and cargo-specific vehicle matching. It serves various sectors like FMCG, electronics, tyres, renewables, chemicals, and food and beverages.

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Rapid Fleet aims to use ₹13.02 crore for vehicle purchases in renewable logistics, ₹36.78 crore for working capital, and remaining funds for corporate needs like branding, expansion, and partnerships.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.