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Rapid Multimodal Logistics Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Rapid Multimodal Logistics Ltd IPO

Registered Office: New # 44 Old # 78,Shroff Orchards , Chennai - 600010 , Tamil Nadu , India.
Phone : +91 044 2644 0181   Fax:
Email :  info@rapidlogistics.in  
Website :  www.rapidlogistics.in
Public issue of upto 10,11,200 equity shares of face value of (Rs)10.00 each ("Equity Shares") of Rapid Multimodal Logistics Limited (the "Company" or the "Issuer") for cash at a price of (Rs)84 per equity share including a share premium of (Rs)74 per equity share (the "Issue Price") aggregating upto (Rs)8.49 crores ("The Issue") of which 51,200 equity shares of face value of (Rs)10.00 each for cash at a price of (Rs)84 per equity share including a share premium of (Rs)74 per equity share aggregating to (Rs)0.43 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 9,60,000 equity shares of face value of (Rs)10.00 each at a price of (Rs)84 per equity share including a share premium of (Rs)74 per equity share aggregating to (Rs)8.06 crores (the "Net Issue"). The issue and the net issue will constitute 25.63% and 25.19 % respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs)10.00 and the issue price is 8.4 times of the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
22-Aug-24 27-Aug-24 (Rs)84.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 7.25
Gretex Corporate Services Ltd
Project Financed through Current Offer 8.49  
Post Issue Equity Share Capital 3.81  
Issue Price (Rs)84.00  
 
Projects
Working Capital RequirementsGeneral Corporate Purposes
Promoted By
Narayan Agarwal  
Manoj Goel  
Summit Agarwal  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd