Rapid Multimodal Logistics IPO Review

Rapid Multimodal Logistics is a premier provider of integrated logistics solutions, providing the domestic market with seamless multi-modal and strategic end-to-end solutions. Their ability to connect cities via road, rail, and ports guarantees integrated coverage for our clients, allowing them to efficiently manage time and money.

The Company is promoted by Mr. Narayan Agarwal, Mr. Manoj Goel, Mr. Summit Agarwal and Ms. Nidhi Agarwal, who are the guiding force behind all the strategic decisions of the Company.

Financially, Rapid Multimodal Logistics revenue jumped from ₹4,774.40 Lakhs in FY22 to ₹7,296.17 Lakhs in FY22 and currently stable at ₹7,184.25 Lakhs in FY24. Similarly, EBITDA is almost stable from ₹141.59 Lakhs in FY22 to ₹267.29 Lakhs in FY23 and currently at ₹275.78 Lakhs in FY24. The PAT is somewhat stable from ₹95.43 Lakhs in FY22 to ₹200.48 Lakhs in FY23 and currently at ₹179.23 Lakhs in FY24. This indicates a somewhat steady financial performance.

For the Rapid Multimodal Logistics IPO, the company is issuing shares at a pre-issue EPS of ₹6.40 and a post-issue EPS of ₹4.70. The pre-issue P/E ratio is 13.12x, while the post-issue P/E ratio is 17.87x. The company's ROCE for FY24 is 48.98% and ROE for FY24 is 46.42%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Rapid Multimodal Logistics potential listing gains of 30% - 35%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Rapid Multimodal Logistics Limited IPO for Listing gain or long term investment purposes.