Rapid Fleet Management Services Limited

CLOSED

SME IPO · IPO Guide

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Price Band

₹183 – ₹192

Lot Size

600Shares

Min. Investment

₹115,200

Expert Rating

Neutral

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹1,15,200
Retail (Max)	2	1,200	₹2,30,400
S-HNI (Min)	3	1,800	₹3,45,600
S-HNI (Max)	8	4,800	₹9,21,600
B-HNI (Min)	9	5,400	₹10,36,800

As per financials, Rapid Fleet Management Services Limited has shown almost static sales, RoNW is 40.06% and P/E is respectively 30.29, 17.68 and 10.18 as per FY23, FY24 and annualized FY25 earnings. So, issue looks fully priced in current market conditions, but sudden rise in net-profit just before IPO and almost static sales raises concerns. Company is engaged in the business of providing logistics services tailored to the diverse needs of the B2B and B2C clientele, which is highly fragmented and competitive business segment. So, we give NEUTRAL rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Fresh Issue

1
02/- Cr ) Working Capital Requirement
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( Rs
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Issue expense
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Purchase of Vehicles (Goods Carriages). ( Rs 13.02/- Cr )
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Working Capital Requirements. ( Rs 36.78/- Cr )
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General corporate purposes.
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Issue expenses.
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All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
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Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
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With entry barriers, SEBI wants only well informed investors to participate is such SME offer
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With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
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However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
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Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
30.09.24 FY25	87.39	78.13	7.01
FY24	116.32	105.18	8.07
FY23	106.03	99.60	4.71
FY22	114.02	109.42	3.40

Open Date	Mar 21, 2025
Close Date	Mar 25, 2025
Allotment Date	Mar 27, 2025
Listing Date	Mar 28, 2025
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 183 to ₹ 192 Per Equity Share
Issue Size	Fresh Issue of Up to 22,84,800 with aggregating up to Rs 43.87/- Cr
Retail Min Lot	1 Lot (600 Shares - ₹ 1,15,200)
Lead Manager	Gretex Corporate Services Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Rapid Fleet Management Services Limited Current	3.38	17.6	40.1%	116
Premier Roadlines Limited	2.57	15.2	37.7%	245
AVG Logistics Limited	1.46	11.2	14.8%	540

Rapid Fleet Management Services Limited

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