Rapid Fleet Management Services IPO Review

Rapid Fleet Management Services is a Chennai based company engaged in the business of providing logistics services tailored to the diverse needs of the B2B and B2C clientele. The company is engaged in road transportation. The process begins with order booking, followed by route planning to optimize efficiency. Each shipment is carefully matched with an appropriate vehicle, factoring in cargo specifics for safe transit. Whether loading from designated stops or the warehouse, the team ensures goods are secured for the journey ahead. Utilizing GPS, FAST-TAG SIM TRACKING navigation systems, they track and monitor every movement, providing real-time updates.

The Company is led by Promoters, MR. ANAND PODDAR has more than 16 years of experience in supply chain management, strategic planning, and process optimization and MS. SHRUTI PODDAR has a solid foundation in academics, she ventured into the realm of logistics and supply chain management, amassing six years of invaluable experience in the field.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 8,739.41 Lakh, ₹ 11,632.15 Lakh, ₹ 10,602.58 Lakh and ₹ 11,402.23 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,385.39 Lakh, ₹ 1770.49 Lakh, ₹ 1,263.57 Lakh, and ₹ 904.69 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 701.34 Lakh, ₹ 807.19 Lakh, ₹ 471.34 Lakh, and ₹ 339.59 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹  16.14 and post-issue EPS of ₹ 10.86 for FY24. The pre-issue P/E ratio is 11.90x, while the post-issue P/E ratio is 17.68x. The company's ROCE for FY24 is 32.59%, ROE for FY24 is 50.09% and RoNW 40.06%. The Annualised EPS based on the latest financial data is ₹ 27.58 and PE ratio is 6.96x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Rapid Fleet Management Services showing listing gains of 30.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Rapid Fleet Management Services Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.