Rapid Fleet Management Services made a strong debut on the stock market, listing at ₹195 per share on the NSE. This was 1.56% higher than its IPO price. By the end of the trading day, the stock had gained 2.82%, closing at ₹200.50. During the day, the stock reached a high of ₹203.75 and a low of ₹195, with around 2.03 lakh shares being traded.
The company’s IPO, which opened for bidding on 21 March 2025 and closed on 25 March 2025, was subscribed 1.49 times. The IPO price range was set between ₹183 and ₹192 per share. A total of 22,84,800 new shares were issued, reducing the promoters’ stake from 99.74% to 73.40%.
Before the IPO, on 20 March 2025, Rapid Fleet Management raised ₹10.72 crore from anchor investors. The company allotted 5.58 lakh shares at ₹192 per share to five investors.
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The company plans to use the funds from the IPO to buy new vehicles, manage working capital, and meet general business needs.
Rapid Fleet Management provides logistics and road transportation services for both businesses and individual customers. It serves industries like FMCG, automobiles, and electronics. The company focuses on smooth supply chain operations and efficient cargo transport. As of 28 February 2025, it employed 72 people.
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For the period ending 30 September 2024, the company reported ₹85.02 crore in revenue and a net profit of ₹7.01 crore.
