Rapid Fleet Management Services Limited IPO

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The company is a Chennai-based logistics company engaged in providing end-to-end transportation solutions, catering to a diversified base of B2B and B2C clients across India. Their core business lies in road transportation services, customized to suit the dynamic needs of various industries.

Their logistics process is structured and technology-driven—starting from order booking, followed by route planning for optimized transit efficiency, and vehicle allocation based on cargo specifications. Shipments are loaded either from designated pickup points or their own warehouses, with meticulous attention given to cargo safety and secure handling.

To ensure transparency and real-time visibility, they have equipped their vehicles with GPS, FASTag, and SIM-based tracking systems, allowing for constant monitoring throughout the transit lifecycle. Upon reaching the destination, their dedicated team ensures safe and timely unloading and final delivery.

They own a fleet of 226 vehicles, including various types of cargo trucks and trailers, which enables them to maintain consistency, reliability, and quality control in their logistics services.

They proudly serve a wide range of industries, including:
i. Tyres                                               ii. Logistics                                      iii. Electronics                                iv. FMCG
v. Renewable Energy                      vi. Consumer Durables                vii. Food & Beverages (FNB)       viii. Chemicals

Their service portfolio includes:
i. Full Truck Load (FTL) and Partial Load Services
ii. EXIM Transportation Services
iii. Specialized Transportation for the Renewable Energy Sector.

Further, they have adopted ‘Digitify’ – an advanced Transport Management System (TMS) that is seamlessly integrated with Tally accounting software and bank payment APIs.

Objects of the Rapid Fleet Management Services Limited IPO:

The Company Rapid Fleet IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Purchase of Vehicles (Goods carriages), ii. Working Capital Requirements, iii. General Corporate Purposes.

Rapid Fleet Management Services Limited IPO Details:

Open Date: Mar 21 2025
Close Date: Mar 25 2025
Total Shares: 22,84,800
Face Value: ₹ 10 Per Equity Share
Issue Size: 43.87 Cr.
Lot Size: 600 Shares
Issue Price: ₹ 183 - 192 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 28 2025

Promoters And Management:

Mr. Anand Poddar, 42, is the Promoter and Managing Director of the Company. Appointed as Managing Director on July 6, 2023, he brings over 16 years of experience in supply chain management, strategic planning, and process optimization. A visionary entrepreneur, he has been instrumental in establishing and driving the Company’s growth and operational excellence. Ms. Shruti Poddar, 38, is the Promoter and Executive Director of the Company. A Bachelor of Arts graduate from the University of Calcutta, she has been serving as Executive Director since December 26, 2017. With 6 years of experience in logistics and supply chain management, she plays a key role in driving operational efficiency, cost optimization, and business growth through her strategic and innovative approach. Mr. Akash Poddar, 34, is a Non-Executive Director of the Company, appointed on January 29, 2024. He holds a Management degree from International Management Institute, Brussels, and a Diploma in Planning and Management from IIPM, Delhi. With over 10 years of experience, he has led roles in production, supply chain optimization, and inventory management. He is also the Director of Akash Print N Pack Pvt. Ltd. and Regional Head – East India Operations at SLB Logistics Pvt. Ltd.

Financials of Rapid Fleet Management Services Limited IPO:

In Cr.
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 85.02 115.58 105.52 113.69
EBITDA 11.48 16.96 12.13 8.72
EBITDA Margins 13.51% 14.68% 11.50% 7.67%
PAT 7.01 8.07 4.71 3.39
PAT Margins 8.25% 6.98% 4.47% 2.99%
ROCE 12.5% 32.59% 26.13% 15.95%
CFOA 3.61 6.45 7.43 24.38

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Rapid Fleet Management Services     (FY 2024) 115.58 Cr. 14.68% 6.98% 1.17 142.74 Cr. 17.68*
Premier Roadlines (TTM) 245 Cr. 9% 5.71% 0.05 204 Cr. 15.20
AVG Logistics (TTM) 540 Cr. 17% 7.22% 0.99 377 Cr. 13.60
*Forward PE is 10.18 on the basis of FY 25 PAT.

Recommendation on Rapid Fleet Management Services Limited IPO:

Lead Manager of Rapid Fleet Management Services Limited IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Rapid Fleet Management Services Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Rapid Fleet Management Services Limited New No. 9, Old No. 5 Coral Merchant Street, Chennai - 600001 Phone: 044-25210132 Email: info@rapidtransportsystems.in Website: http://www.rapidfleet.in/

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