Established in 2006, Rapid Fleet Management Services Limited specializes in offering comprehensive logistics and road transportation solutions for both B2B and B2C clients. Over the years, the company has grown significantly and now operates a fleet of more than 200 vehicles. It caters to a wide array of industries, including FMCG, automobile, and electronics.

To enhance operational efficiency, the company has developed its own mobile app, enabling 24/7 business operations. It emphasizes client compliance through features like e-bidding, portal RFQs, e-POD, invoicing, and customer TMS management.

Rapid Fleet’s IPO is a book-built issue worth Rs. 43.87 crores, comprising a fresh issue of 22.85 lakh shares. The IPO subscription window opens on March 21, 2025, and closes on March 25, 2025. The allotment is expected to be finalized on March 26, 2025, with the tentative listing date set for March 28, 2025, on the NSE SME platform.

The price band for the Rapid Fleet IPO is fixed between ₹183 and ₹192 per share. Retail investors need to invest a minimum of ₹1,09,800 for a lot size of 600 shares. However, it is advisable to bid at the cutoff price of ₹1,15,200 to avoid potential oversubscription. For HNIs, the minimum investment is 2 lots (1,200 shares), amounting to ₹2,30,400.

Rapid Fleet IPO Details

IPO Date	March 21, 2025 to March 25, 2025
Listing Date	[.]
Face Value	₹10 per share
Issue Price Band	₹183 to ₹192 per share
Lot Size	600 Shares
Total Issue Size	Approx ₹43.87 Crores
Fresh Issue	Approx ₹43.87 Crores
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	51,50,000 shares
Share Holding Post Issue	74,34,800 shares

Rapid Fleet IPO Dates

The Rapid Fleet IPO will begin on March 21, 2025, and will remain open until March 25, 2025.

IPO Open Date	Fri, Mar 21, 2025
IPO Close Date	Tue, Mar 25, 2025
Tentative Allotment	Wed, Mar 26, 2025
Refunds	Thu, Mar 27, 2025
Credit of Shares to Demat	Thu, Mar 27, 2025
IPO Listing Date	Fri, Mar 28, 2025
UPI Mandate Confirmation Deadline	5 PM on March 25, 2025

Rapid Fleet IPO Market Lot

The minimum market lot for the Rapid Fleet IPO is 600 shares, with an application amount of ₹1,15,200 required.

Application	Lot Size	Shares	Amount
Retail Minimum	1	600	₹1,15,200
Retail Maximum	1	600	₹1,15,200
S-HNI Minimum	2	1200	₹2,30,400

Know more

Rapid Fleet IPO Launch: A Comprehensive Investor’s Guide