| Company Name | Rapid Fleet Management Services Limited |
| Company Type | SME |
| Sector | Logistics |
| Promoter Holding – Pre IPO | 97.50% |
| Promoter Holding – Post IPO | 67.54% |
| Dilution(%) | 29.96% |
| Fresh Issue | 22,84,800 Shares – INR 43.87 Cr. |
| OFS | – |
| Offer Size | INR 43.87 Cr. |
| Price Band | INR 183-192 per Share |
| Cost of One Lot | INR 1,15,200 |
| No. of shares Post-IPO | 74,34,800 Shares |
| Market Cap | INR 143 Cr. |
| FY22 Profit | INR 3.5 Cr. |
| FY23 Profit | INR 5 Cr. |
| FY24 Profit | INR 8 Cr. |
| 6MFY25 Profit | INR 7 Cr. |
| P/E | 13x |
| Last Year Sales Growth | 47% |
| Opening Date | 21-Mar-2025 |
| Closing Date | 25-Mar-2025 |
| Listing Date | 28-Mar-2025 |
| Website | https://rapidfleet.in/ |
| DRHP | https://rapidfleet.in/wp-content/uploads/2024/08/DRHP_Rapid.pdf |
| Anchor lock-in-period end date for 50% shares (30 Days) | 25-4-2025 |
| Anchor lock-in-period end date for 50% shares (90 Days) | 24-6-2025 |
Question 1: What is the overview of the Company?
Rapid Fleet Management Services Limited, established in 2006 and based in Chennai, specializes in providing comprehensive logistics and road transportation services tailored to both B2B and B2C clients. The company began with a modest fleet of 10 vehicles, initially focusing on transporting food products. Over time, it expanded its operations significantly, currently managing a fleet of over 200 vehicles.
The company serves a diverse range of industries, including Fast-Moving Consumer Goods (FMCG), electronics, power, infrastructure, energy, oil & gas, tyres, logistics, renewable energy, consumer durables, food & beverages, and chemicals. This extensive industry experience underscores its capacity to proficiently serve diverse sectors.
Rapid Fleet’s core business operations encompass order booking, route planning, shipment management, real-time tracking, warehouse and loading management, and technology integration. The company has developed its own mobile application to streamline business processes, ensuring 24/7 operations. It focuses on client compliance through e-bidding, portal RFQs, e-POD, invoicing, and customer Transport Management System (TMS) management.
The company’s mission is to deliver efficient, predictable, and transparent services designed to lower the effective landed cost of products, thereby bolstering market competitiveness. Its vision involves collaborating within logistics networks to pool resources, cutting landed costs by leveraging complementary materials, and sharing resources such as warehouse space, vehicles, manpower, and administrative support based on usage, fostering mutual benefit.
As of August 14, 2024, Rapid Fleet Management Services Limited employs 68 individuals.
Question 2: Who are the Promoters of the Company?
Rapid Fleet Management Services Limited is promoted by Mr. Anand Poddar and Ms. Shruti Poddar, who play pivotal roles in the company’s leadership.
Mr. Anand Poddar serves as the Managing Director. He possesses over 16 years of experience in supply chain management, strategic planning, and process optimization. His visionary leadership has been instrumental in establishing and driving the company’s growth and operational excellence.
Ms. Shruti Poddar holds the position of Executive Director. She graduated with a Bachelor of Arts from the University of Calcutta and has accumulated six years of experience in logistics and supply chain management. Her strategic and innovative approach contributes significantly to driving operational efficiency, cost optimization, and business growth within the company.
Together, their combined expertise and leadership have been fundamental in shaping Rapid Fleet Management Services Limited’s vision and growth in the logistics and transportation sector.
Question 3 : How company performed in the past?
| Particular (INR Cr) | FY22 | FY23 | FY24 | H1FY25 |
| Total Revenue | 114 | 105.5 | 115.5 | 85 |
| Net Profit | 3.5 | 5 | 8 | 7 |
Question 4: How much money is the company raising and why?
In the IPO, the company is offering 22.84 Lakh shares, priced at INR 183-192 per share, aggregating to total of INR 43.87 Cr, with a lot size of 600 shares. For the Purpose of:
Purchase of a fleet of 8 trucks (Goods Carriages) – INR 13 Cr
Meeting working capital requirements – INR 19.12 Cr
General Corporate Purposes
Question 5: Valuation of the company and comparison with other companies
| Particulars | Market Cap (In Cr.) | P/E |
| Rapid Fleet Management Services | 143 | 13x |
| Premier Roadlines Limited | 203 | 15x |
| AVG Logistics Limited | 342 | 12x |
IPO’s Strengths
- Implementing a bring-your-own-device system in an integrated TMS – Digitify Book
- It is a safe vehicle to ensure seamless operations and delivery of the in-house vehicle fleet.
- Transporting all over India.
- All these say mainly one thing – pride in catering to an esteemed clientele.
- Always Flexible to Fluctuations in the Market.
IPO’s Weakness
- The industry is characterized by heavy road transport dependence, and any disruptions caused by weather, political turmoil, or accident occurrences may hurt operations and reputation.
- The majority of revenue comes from Tamil Nadu. Any adverse developments in that region may affect the business and financial affairs adversely.
- Failure to pass on higher prices of fuel and other operating expenses to customers can severely dent profitability and operating performance.
Contact Information:
- Registered Office: KANAGA SARASWATHI TOWERS, NO: 5/9, 2ND FLOOR, CORAL MERCHANT STREET, CHENNAI – 600 001.Zaubacorp+2rapidfleet.in+2LEIKart+2
- Phone: 044-25210132rapidfleet.in
- Email: info@rapidtransportsystems.in
Rapid Fleet IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
FAQs – Rapid Fleet Management Services Limited
1. What is Rapid Fleet Management Services Limited?
Rapid Fleet Management Services Limited is a logistics and road transportation service provider specializing in B2B and B2C supply chain solutions across various industries.
2. When was the company established?
The company was founded in 2006 and is based in Chennai, India.
3. What industries does the company serve?
Rapid Fleet caters to multiple industries, including FMCG, electronics, power, infrastructure, oil & gas, tyres, logistics, renewable energy, consumer durables, food & beverages, and chemicals.
4. What services does the company offer?
- Full and partial load transport
- Bonded storage and packaging
- PAN India transport services
- Import/export (Exim) logistics
- Capex/cargo services
- BiModel services (road and rail integration)
5. What technology does the company use?
Rapid Fleet has developed its own mobile application for real-time tracking, e-bidding, invoice management, and automated transport solutions.
6. Who are the promoters of the company?
The company is promoted by Mr. Anand Poddar (Managing Director) and Ms. Shruti Poddar (Executive Director), both with expertise in logistics and supply chain management.
7. How big is the company’s fleet?
The company manages a fleet of over 200 vehicles.
8. What certifications does the company hold?
Rapid Fleet is ISO 9001:2015 certified, ensuring high standards in logistics and transportation services.
9. What is the purpose of the company’s IPO?
The company’s IPO aims to raise funds for vehicle acquisition and working capital requirements.
10. How can I invest in Rapid Fleet’s IPO?
The IPO is open for subscription from March 21 to March 25, 2025, with a price band of ₹183 to ₹192 per equity share. Interested investors can apply through their stockbrokers or trading platforms.
11. How can I contact the company?
- Registered Office: Kanaga Saraswathi Towers, No. 5/9, 2nd Floor, Coral Merchant Street, Chennai – 600 001
- Phone: 044-25210132
- Email: info@rapidtransportsystems.in
