Rapid Multimodal Logistics
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 22 Aug 2024 – 27 Aug 2024
- Listing date
- 30 Aug 2024
- Face value
- ₹10 per share
- Issue price
- ₹84 per share
- Lot size
- 1,600 shares
- Total issue size
- ₹8.49 Cr
- Market cap at offer price
- ₹32.01 Cr
- Promoter holding
- 100.00% → 73.47% pre-issue → post-issue
- ISIN
- INE0QA901010
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- New No.44, Old No.78, Shrofforchards, Tamil Nadu
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 51,200 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹84
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,34,400 |
| S-HNI (min) | 2 | 3,200 | ₹2,68,800 |
| S-HNI (max) | 7 | 11,200 | ₹9,40,800 |
| B-HNI (min) | 8 | 12,800 | ₹10,75,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.40 | 4.70 |
| P/E (×) | 13.13 | 17.87 |
| Price to book (×) | 1.36 | — |
| Market cap | — | ₹32.01 Cr |
Key performance indicators
- Return on net worth
- 38.01%
- ROCE
- 48.98%
- Debt / equity
- 0.19
- PAT margin
- 2.50%
- NAV per share
- ₹61.66
- Price to book
- 1.36
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Rapid Multimodal Logistics
Rapid Multimodal Logistics Limited, incorporated as a Private Limited Company on July 04, 2020, and converted to a Public Limited Company on November 06, 2023, is engaged in providing one-stop logistical solutions to the B2B segment. The company provides end-to-end logistics solutions to manufacturers and traders for transporting raw materials or finished goods. It manages and coordinates the movement of goods throughout the supply chain from origin to destination, providing single and multimodal transportation services involving coordinated use of multiple modes (road, rail, sea) within an integrated supply chain. Services span shipment planning, route optimization, carrier selection, documentation, containerization, tracking, communication, coordination, last-mile delivery, and performance evaluation. The company is based in Chennai, Tamil Nadu, with its Registered Office at New No.44, Old No.78, Shrofforchards, Chennai - 600010.
Company Analysis
from RHPRapid Multimodal Logistics Limited is a Chennai-based logistics company providing end-to-end multimodal transportation and supply chain management solutions to B2B clients across manufacturing and trading industries.
Rapid Multimodal Logistics Limited, incorporated as a Private Limited Company on July 04, 2020, and converted to a Public Limited Company on November 06, 2023, is engaged in providing one-stop logistical solutions to the B2B segment. The company provides end-to-end logistics solutions to manufacturers and traders for transporting raw materials or finished goods. It manages and coordinates the movement of goods throughout the supply chain from origin to destination, providing single and multimodal transportation services involving coordinated use of multiple modes (road, rail, sea) within an integrated supply chain. Services span shipment planning, route optimization, carrier selection, documentation, containerization, tracking, communication, coordination, last-mile delivery, and performance evaluation. The company is based in Chennai, Tamil Nadu, with its Registered Office at New No.44, Old No.78, Shrofforchards, Chennai - 600010.
Objects of the Issue
- Working Capital Requirements ₹550.00 Lakhs p.23
- General Corporate Purpose ₹175.41 Lakhs p.23
- Working Capital Requirements ₹550.00 lakhs p.69
- General Corporate Purposes ₹175.41 lakhs p.70
- To be determined - objects of issue not specified in this part of document
Issue Structure
- Total Issue
- ₹849.41 Lakhs
- Fresh Issue
- 10,11,200 Equity Shares of Face Value ₹10.00 each for cash at a price of ₹84.00 per Equity Share (including premium of ₹74.00 per Equity Share) aggregating to ₹849.41 Lakhs
- Offer for Sale
- Nil
- Price Band
- ₹84.00 per Equity Share (Fixed Price)
- Lot Size
- 1,600 Equity Shares
- Face Value
- ₹10.00 per Equity Share
Business Model
The company earns revenue through providing multimodal transportation and logistics services to B2B clients. It does not own vehicles; instead, it relies on third-party vendors to provide transportation facilities. The company coordinates and manages the movement of goods, providing integrated logistics solutions including shipment planning, route optimization, carrier selection, documentation, containerization, and tracking services.
Business Segments
SWOT Analysis
- • One-stop integrated logistics solution provider with multimodal capabilities(p.22)
- • End-to-end supply chain management with comprehensive service scope(p.22)
- • Established client base across multiple industries(p.22)
- • Consistent revenue growth and profitability(p.46)
- • Diversified multimodal transportation capabilities(p.99)
- • Pan-India operational reach and coverage(p.99)
- • Established long-term customer relationships(p.102)
- • Broad industry coverage and customization capability(p.99)
- • Strong profitability and return metrics(p.76)
- • Experienced promoter leadership with industry knowledge(p.99)
- • Versatile multimodal transportation solutions with exemplary route optimization(p.105)
- • Strong, enduring partnerships with lorry vendors at competitive rates(p.105)
- • Optimal cost management across supply chain(p.105)
- • Focus on cultivating long-term client partnerships(p.105)
- • Word-of-mouth advocacy and positive reputation in logistics sector(p.106)
- • Strategic physical proximity and accessibility for clients(p.106)
- • Diversified multimodal transportation capabilities(p.162)
- • One-stop integrated logistical solution offering(p.187)
- • Strong revenue growth trajectory(p.194)
- • Improved debt management and capital structure(p.186)
- • Profitable operations with consistent profitability(p.195)
- • Strong current ratio indicating liquidity(p.186)
- • High dependence on specific client industries for revenue(p.28)
- • Does not own any vehicles; completely dependent on third-party vendors(p.28)
- • Unregistered with Employees' State Insurance Corporation and not enrolled for Profession Tax(p.29)
- • Outstanding litigation against promoters and company(p.29)
- • Registered office held on short-term lease (11 months)(p.28)
- • Corporate compliance discrepancies including delayed filings(p.30)
- • Directors and KMP lack documentary evidence of educational qualifications(p.34)
- • Negative cash flow from operating activities in certain periods(p.30)
- • High dependence on a few major customers(p.102)
- • Limited coastal shipment operations(p.103)
- • Young company with limited operational history(p.99)
- • Dependence on external vendor partnerships for rail and coastal services(p.99)
- • Relatively low EBITDA and PAT margins(p.76)
- • Reliance on specific lorry vendors creates operational vulnerability(p.107)
- • Limited door-to-door container delivery services(p.107)
- • Complexity in coordinating multiple transportation modes(p.107)
- • High customer concentration with top single customer at 17.36% of sales(p.109)
- • High supplier concentration with top single supplier at 42.81% of purchases(p.109)
- • Very small employee base of only 17 employees on payroll(p.108)
- • High dependence on transportation cost management(p.193)
- • Increased finance costs over time(p.194)
- • Unfunded gratuity obligation(p.165)
- • Decline in profit after tax in latest year(p.194)
- • Exposure to interest rate risk(p.197)
- • Concentration of customer base risk(p.170)
- • Significant growth potential in India's logistics sector(p.22)
- • Government policy support through National Logistics Policy and PM Gati Shakti(p.22)
- • Target to reduce logistics costs as percentage of GDP(p.22)
- • Expected merchandise export growth targets(p.22)
- • Expansion into new geographical areas and industry verticals(p.35)
- • Improved India logistics performance index ranking(p.22)
- • Expansion of Indian logistics sector(p.91)
- • Government initiatives supporting logistics infrastructure(p.96)
- • Growth in multimodal logistics integration(p.92)
- • Digital transformation and technology adoption in logistics(p.95)
- • Emerging government e-commerce and manufacturing initiatives(p.86)
- • India's rapid economic growth creating logistics demand(p.91)
- • Penetration across Pan-India with regional hubs and distribution centres(p.106)
- • Expansion into import-export services and global trade partnerships(p.106)
- • Infrastructure development in Tamil Nadu, especially Chennai with ICD setup(p.106)
- • Building partnerships and licensing opportunities for last-mile delivery(p.106)
- • Leveraging booming e-commerce market for increased delivery demand(p.107)
- • PM Gati Shakti infrastructure initiative enabling multimodal logistics parks and terminals(p.115)
- • Market expansion potential in logistics sector(p.199)
- • Growth through improved order execution(p.193)
- • Potential for scaling through capital infusion from IPO(p.208)
- • Migration to main board for expanded market access(p.223)
- • Optimization of operational efficiency(p.187)
- • High competition from organized and unorganized logistics providers(p.31)
- • Dependence on client industries subject to economic cycles(p.28)
- • Volatility in fuel prices beyond company control(p.35)
- • Road transport vulnerabilities to external disruptions(p.34)
- • Regulatory changes and approval requirements(p.27)
- • Global economic and political instability affecting Indian economy(p.43)
- • Natural calamities risk(p.43)
- • Terrorist attacks and civil unrest affecting markets and operations(p.43)
- • Highly fragmented and competitive logistics industry(p.92)
- • Regulatory and compliance complexities(p.94)
- • Dependence on external transportation vendors and lorry dealers(p.100)
- • Volatility in fuel prices and transportation costs(p.84)
- • Infrastructure capacity constraints and congestion(p.91)
- • Economic cyclicality and demand volatility(p.84)
- • Intense competition from global logistics giants and regional players(p.107)
- • Rising operational costs impacting margins(p.107)
- • Technological disruptions in logistics landscape(p.107)
- • Global economic uncertainties affecting demand(p.107)
- • Cybersecurity threats to logistics operations(p.108)
- • Heavy regulatory compliance burden across multiple transport modes and states(p.111)
- • Inflation impacting raw material and wage costs(p.197)
- • Competition from organized and unorganized logistics players(p.199)
- • Economic slowdown affecting logistics demand(p.198)
- • Credit risk from customer non-payment(p.197)
- • Interest rate fluctuations affecting borrowing costs(p.173)
- • Regulatory compliance and licensing requirements(p.206)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Narayan Agarwal | Promoter | 99.99% | — |
| Mr. Manoj Goel | Promoter | — | — |
| Mr. Summit Agarwal | Promoter | — | — |
| Ms. Nidhi Agarwal | Promoter | 0.01% | — |
| Mr. Narayan Agarwal | Promoter | 69.99% | 51.42% |
| Mr. Manoj Goel | Promoter | 27.30% | 20.06% |
| Mr. Summit Agarwal | Promoter | 2.70% | 1.98% |
| Ms. Nidhi Agarwal | Promoter | 0.00% | 0.00% |
| Ms. Rakhi Agarwal | Promoter Group | 0.00% | 0.00% |
| Ms. Tammanna Agarwal | Promoter Group | 0.00% | 0.00% |
| Ms. Rashmi Goel | Promoter Group | 0.00% | 0.00% |
| Mr. Narayan Agarwal | Promoter/Managing Director | 69.99% | — |
| Mr. Manoj Goel | Promoter/Executive Director | 27.30% | — |
| Mr. Summit Agarwal | Promoter | 2.70% | — |
| Ms. Nidhi Agarwal | Promoter | Negligible | — |
| Narayan Agarwal | Promoter | 70.00% | — |
| Summit Agarwal | Promoter | 10.00% | — |
| Manoj Goel | Promoter | 20.00% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.