Rapid Fleet Management Services Ltd
Registered Office:
New No.9 Old No. 5,Coral Merchant Street,
Chennai
-
600001,
Phone : 044 - 2521 0132
Fax : NA
Initial public offer of 22,84,800 equity shares of face value of (Rs) 10.00 each ("Equity Shares") of Rapid Fleet Management Services Limited (the "Company" or the "Issuer") for cash at a price of (Rs) 192.00 per equity share including a share premium of (Rs) 182.00 per equity share (the "Issue Price") aggregating to (Rs) 43.87 crores ("The Issue"). The issue includes a reservation of 4,21,800 equity shares aggregating to (Rs) 8.10 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 18,63,000 equity shares aggregating to (Rs) 35.77 crores (the "Net Issue").
The face value of the equity shares is (Rs) 10.00 each and the issue price is 19.2 times of the face value.
Opens On
Closes On
Application
Allotment
21-Mar-25
25-Mar-25
192.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
600
Further Multiples of :
600
(Rs.Cr)
Lead Managers to the Issue
Project Cost
38.62
Gretex Corporate Services Ltd
Project Financed through Current Offer
43.87
Post Issue Equity Share Capital
7.43
Purchase of Vehicles (Goods Carriages)
Working Capital Requirements
General Corporate Purposes
Anand Poddar
Shruti Poddar
Rajkumar Poddar