Rapid Fleet Management Services Ltd - IPO

Rapid Fleet Management Services Ltd IPO Details

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.

Objective of issue

Purchase of Vehicles (Goods Carriages). Working Capital Requirements. General Corporate Purposes.

Rapid Fleet Management Services Ltd Contact Details

Rapid Fleet Management Services Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@rapidtransportsystems.in

Website - www.rapidfleet.in