Rapid Fleet Management Services, a logistics company headquartered in Chennai, provides end-to-end road transportation solutions, encompassing order booking, route planning, goods shipment, real-time tracking for safe transit, and unloading at destinations.
The company operates a fleet of 226 vehicles, including cargo trucks and trailers, and serves a diverse B2B and B2C clientele across states like Tamil Nadu, Uttarakhand, Karnataka, Andhra Pradesh, and Kerala. It caters to industries such as Tyre, Electronics, Logistics, FMCG, Renewables, Chemicals, Durables, and FNB. Notable clients include Apollo Tyre, JK Tyre, Coca-Cola, Samsung, CEAT, Britannia, Tata Consumer Products, Colgate, Expeditors, Adani, and Reliance Industries.
The Rapid Fleet IPO is set to open on March 21, 2025, and close on March 25, 2025, with a price band of ₹183 to ₹192 per share. The allocation includes a 35% retail quota, 50% for QIBs, and 15% for HNIs. The IPO is scheduled to list on the NSE on March 28, 2025, with the allotment date fixed for March 26, 2025. In 2024, the company reported revenue of ₹116.32 crores, up from ₹106.03 crores in 2023, while profits rose to ₹8.07 crores from ₹4.71 crores in the previous year.
