31 Mar 2022
Assets75.37
Total Income114.02
Profit After Tax3.40
NET Worth7.41
Reserves and Surplus7.31
Total Borrowing27.43
At a glance
Updated 2026-09-12The shares listed at ₹195.00, a 1.56% move from the issue price. Rapid Fleet is a SME IPO with an issue size of ₹43.87 crore, proposed for listing on NSE SME. The offer opens on 21st Mar 2025 and closes on 25th Mar 2025. The issue structure includes a fresh issue of ₹35.77 crore. The current listing schedule points to 28th Mar 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹43.87 Cr
Fresh issue₹35.77 Cr
Face value₹10
Price band₹183.00–₹192.00
Allotment26th Mar 2025
Listing28th Mar 2025
Listing performance
Full performance ↗Issue price₹192.00
Listing price₹195.00
Current price—
Listing gain1.56%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹192.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens21st Mar 2025
Closes25th Mar 2025
Allotment26th Mar 2025
Refund27th Mar 2025
Demat27th Mar 2025
Listing28th Mar 2025
Subscription demand
Full bidding ↗Total1.65×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 600 | ₹115,200 |
Company
Incorporated2006
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of Vehicles (Goods carriages) | ₹13.02 Cr |
| Working Capital Requirements | ₹19.12 Cr |
| General Corporate Purposes | ₹6.50 Cr |
| Issue Expenses | ₹5.25 Cr |
| Total | ₹43.89 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue87.39₹ Cr · -24.9% vs prior year
PAT7.01₹ Cr · -13.1% vs prior year
Assets101.30₹ Cr · +43.4% vs prior year
Net Worth28.89₹ Cr · +43.4% vs prior year
Borrowing34.07₹ Cr · +128.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets71.81
Total Income106.03
Profit After Tax4.71
NET Worth12.08
Reserves and Surplus11.98
Total Borrowing15.79
31 Mar 2024
Assets70.66
Total Income116.32
Profit After Tax8.07
NET Worth20.15
Reserves and Surplus20.05
Total Borrowing14.93
30 Sep 2024
Assets101.30
Total Income87.39
Profit After Tax7.01
NET Worth28.89
Reserves and Surplus23.74
Total Borrowing34.07
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 50.09% |
| ROCE | 43.11% |
| Debt / Equity | 0.74% |
| RoNW | 40.06% |
| PAT Margin | 6.98% |
| Price to Book Value | 4.76 |
Valuation & shareholding
Pre-IPO EPS15.67
Post-IPO EPS10.86
Pre-IPO P/E12.25
Post-IPO P/E17.68
Promoter holding pre97.5%
Promoter holding post67.54%
Market cap₹142.75 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Rapid Fleet Management Services IPO | — | 17.68 x | — | — |
| Sampark India IPO | — | 11.86 x | — | — |
| Global Ocean IPO | — | 16.53 x | — | — |
| Neptune Logitek IPO | — | 17.90 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Purchase of Vehicles (Goods carriages) | ₹13.02 Cr |
| Working Capital Requirements | ₹19.12 Cr |
| General Corporate Purposes | ₹6.50 Cr |
| Issue Expenses | ₹5.25 Cr |
| Total | ₹43.89 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Gretex Corporate Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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