Rapid Multimodal IPO Subscription Status: Rapid Multimodal IPO is Open on 22 August 2024 and Close on 27 August 2024. Rapid Multimodal IPO to Raise 1,011,200 shares (Approx ₹8.49 Cr) via IPO. The Fresh Issue is 1,011,200 shares (Approx ₹8.49 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
Rapid Multimodal IPO is an SME IPO and Listed on BSE SME. Rapid Multimodal IPO Price Band is Fixed at ₹84 Equity Share. Rapid Multimodal IPO Lot Size is 1600 Shares.
Also Read: Rapid Multimodal Logistics IPO Date, Review, GMP Price, Details
Rapid Multimodal IPO Subscription Status, Rate bid times
Inv Category
Shares Reserved
No. of Shares bid for
No. of Times (Subscription)
Non Institutional Buyers (NIIs)
4,80,000
24,61,45,600
512.80
Retail Individual Buyers (RIIs)
4,80,000
8,28,22,400
172.55
Total
9,60,000
33,64,80,000
350.50
Rapid Multimodal IPO Subscription Status day-by-day-
Categories
22 Aug
23 Aug
26 Aug
27 Aug
QIB
0.00
0.00
0.00
0.00
NII
0.51
0.44
9.83
512.80
RII
5.36
18.56
46.73
172.55
Total
2.94
11.50
28.28
350.50
About IPO :
Rapid Multimodal are involved in the management and coordination of the movement of raw materials or finished goods throughout the supply chain, from the point of origin to the destination.
We provide single as well as multimodal transportation services which involves the coordinated use of multiple modes of transportation (such as road, rail, sea) within a single, integrated supply chain to optimize efficiency and meet the unique requirements of shipments. Right from shipment planning, Route Optimization, Carrier Selection, Documentation, Containerization, Tracking and to Communication and Coordination, Last-Mile Delivery, Performance Evaluation.
We encompass a diverse range of industries, including but not limited to Glass, Plywood, Paper, Edible oil, Gypsum boards,Iron & Steel, Scraps, Tiles, Sanitary, Liquor industry.
Our commitment to excellence is exemplified in our ability to tailor our logistics and supply chain solutions to meet the unique demands of each industry we serve.
We understand the intricacies and specific requirements of these varied sectors, allowing us to provide customized and efficient services that contribute to the seamless functioning of our clients’ operations. This broad industry coverage underscores our adaptability and commitment to being a comprehensive and reliable partner, capable of navigating the distinctive challenges presented by diverse business landscapes.
We are in collaboration with M/s Container Corporation of India Limited (CONCOR), an intermodal logistics Navratna Public Sector Enterprise as a Business Associate since 2021. We have a tie up agreement with them on yearly renewal of contract of railway shipments for our clients. Container Corporation of India Ltd.
Our road freight services constitute a pivotal element of our comprehensive logistics solutions, offering a reliable and efficient mode of transportation for goods. As a logistics enterprise, we furnace meaningful partnerships with local lorry dealers, enlisting their services to transport goods for our clientele. Maintaining strong and mutually beneficial relationships with these dealers, many of whom are local drivers, serves not only to ensure the uniform transportation of goods but also to foster economic growth in rural areas by providing employment opportunities.
Our commitment to local engagement is further exemplified by the employment of primarily local lorry drivers.
In overseeing the intricacies of our logistics operations, two teams handle the tracking process. The Traffic Manager composes order execution, ensuring the seamless flow of goods, while the Load Supervisor efficiently supervises the lading and delivery of the goods from commencement to culmination. To ensure administrative efficiency, all billing procedures
are centralized at our registered corporate office situated in Chennai.
We put our complete efforts into offering the swiftest road network service among our array of logistics solutions, underscoring our assurance to providing not just transportation but a streamlined and expedited logistics experience for our valued clients.
Rapid Multimodal holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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