Explore Rapid Multimodal Logistics’ IPO, including key dates, pricing, and allotment details

Rapid Multimodal Logistics is a dynamic logistics provider specializing in seamless, efficient, and integrated multimodal transportation solutions. It has published that its IPO is going to be open on 22^nd August and will end on 27^th August. The company aims to gather INR 8.49 crore with a fixed price band of INR 84 per share, a face value of INR 10 per share, and a market lot of 1,600 shares.

Table of Contents

• Company Overview
• Company Strategy
• Details on IPO Date and Price Band
• IPO Objective
• Market Lot Information on Rapid Multimodal Logistics
• Allotment Dates for Rapid Multimodal Logistics
• Application Process of IPO
• Financial Analysis of Company
• IPO Valuation
• Competitor Analysis
• Promoters And Management
• Registrar for Rapid Multimodal Logistics
• Offer Lead Manager
• Company Address

Company Overview

Rapid Multimodal Logistics is a prominent logistics companies that offer complete and efficient transportation services through the air, sea, land, and rail transportation means. Focusing on supply chain management, the company provides efficient, timely, and affordable delivery solutions to address the various demands of organizations across the world. Being equipped with a strong and reliable infrastructure, high technologies, and a vast network of partners, Rapid Multimodal Logistics demonstrates its ability to handle sophisticated multimodal logistics issues while maintaining seamless transfers from one modality to another. Combined with their focus on customers, operations, and sustainability, this makes them a reliable and reputable logistics provider.

Company Strategy

Rapid Multimodal Logistics has its business model centered on providing an array of logistics services utilizing various modes of transport to achieve reliability and integrated logistics services in supply chains around the world. In terms of strategy, the company continues technological advancement in analyzing data and auto-organizing transport routes and resources. Corporate strategy focuses on alliances, environmental responsibility, and market diversification to expand services and clients. Thus, cementing customer focus and building a robust and efficient infrastructure layout will enable Rapid Multimodal Logistics to secure its position in the market and achieve sustainable growth in multimodal logistics.

Details on IPO Date and Price Band

 IPO Objective:

The main aim of a floating IPO is to fund the working capital to allow the company to run its normal operations as well as undertake various operations. Further, these funds will also be utilized for other core business purposes such as making strategic capital investments, prepaying corporate debts, and improving the operating effectiveness of the business. This will allow the company to build up its financial muscles, seek growth, and exercise longevity in the vigorous logistics business.

Market Lot Information on Rapid Multimodal Logistics

The lot size and corresponding amounts are as follows:

• Retail Minimum: 1 lot (1,600 shares) for INR 1,34,400
• Retail Maximum: 1 lot (1,600 shares) for INR 1,34,400
• S-HNI Minimum: 2 lots (3,200 shares) for INR 2,68,800

Allotment Dates for Rapid Multimodal Logistics IPO

Rapid Multimodal Logistics open date is August 22 and the IPO close date is August 27. The IPO allotment date is August 28 and the listing date is August 30.

Application Process of IPO

The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for Rapid Multimodal Logistics. On the other hand, the IPO forms are also available for download on the BSE websites which the candidates can fill and submit.

Financial Analysis of the Company

Financials in INR Crore.

Rapid Multimodal Logistics has reported fluctuating revenue growth from INR 47.74 crore in 2022 to INR 72.96 crore in 2023, though it slightly decreased to INR 71.84 crore in 2024. In the past few years, the company expenses have increased, rising from INR 46.47 crore in 2022 to INR 70.32 crore in 2023, and slightly reduced to INR 69.41 crore in 2024. Profit After Tax (PAT) more than doubled from INR 0.95 crore in 2022 to INR 2.00 crore in 2023, but then declined to INR 1.79 crore in 2024. The decrease in PAT despite high revenue reflects rising operational costs and potential efficiency challenges.

IPO Valuation (FY 2024)

The company’s EPS stands at a value of INR 6.4 with a P/E ratio of 13.12 and RoNW of 38.01% in the financial year 2024. The IPO price band range of INR 84, with an issue of 10,11,200 equity shares to raise INR 8.49 crore and a face value of INR 10 per share to meet working capital requirements and to fund general corporate purposes.

 Competitor Analysis

Here are some competitors of Rapid Multimodal Logistics

Chartered Logistics Limited

Chartered Logistics Limited is a logistics provider and supply chain management company focused on transportation services. The company has services in all modes of transportation including road, railway, and air freight, and offers integrated logistics solutions for each industry type. Intending to bring value to customers in terms of logistics costs and delivery time responsiveness, its strategy focuses on improving the supply chain and flows. Additionally, its commitment to innovation and excellent service sets the company up as a competitor within the logistics market.

Shree Vasu Logistics Limited

Shree Vasu Logistics Limited is a logistics company dealing with many transport and supply chain services. It offers transportation through road, storage, and distribution by covering the various industries. It intends to provide the best solutions to manage and improve the supply chains so that the consignment moves efficiently to its intended destination. With a well-seasoned understanding of various logistics processes and an attitude toward ensuring customer satisfaction, the company is strategically placed to transform the logistics and transportation industry.

Promoters And Management

• Mr. Narayan Agarwal
• Mr. Manoj Goel
• Summit Agarwal
• Ms. Nidhi Agarwal

Offer Lead Manager

Gretex Corporate Services Limited

Gretex Corporate Services Limited is a company that deals with financial and corporate advisory services. Some of the services that it provides include investment banking, financial advisory, mergers and acquisitions, and restructuring advisory. They specialize in advisory services for various companies and shareholders such as assisting in financial planning and management, determining the most effective capital structure, and reaching various business objectives. The firm focuses on providing relevant and actualized recommendations to meet the client’s specific needs, and therefore, offers to be a consultant in the financial and corporate industries.

Conclusion

The Rapid Multimodal Logistics IPO, set for August 22-27, 2024, presents an intriguing investment opportunity with shares priced at INR 84 each. Aiming to raise INR 8.49 crore, the company plans to utilize the funds for operational growth and strategic investments. With a solid track record in integrated logistics and a focus on expanding its market presence, Rapid Multimodal Logistics is well-positioned for future success. Investors should mark their calendars for the allotment on August 28 and listing on August 30 to be part of this promising venture.