Rapid Fleet Management IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
Rapid Fleet Management IPO: Unlisted shares of Rapid Fleet Management Services Ltd are currently showing the same price as its IPO issue price, which indicates flat or negative listing.
Rapid Fleet Management IPO Allotment: The allotment of the Rapid Fleet Management IPO, which was closed on Tuesday with an overall subscription of 1.65 times, is scheduled to be finalised on Wednesday evening. Once allotted, investors will start receiving bank debit messages. They can also check the allotment status on the NSE website as well as registrar Bigshare Services Pvt Ltd’s portal.
The Rs 43.87-crore NSE SME IPO of Rapid Fleet Management Services Ltd received 1.65 times subscription on the final day of bidding, garnering bids for 21,52,200 shares as against 13,04,400 shares on offer.
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The retail category received 0.81 times subscription, while the NII has got a 4.38 times subscription. The QIB category has been subscribed by 1.07 times.
The price band of the IPO has been fixed in the range of Rs 183 to Rs 192 apiece.
Rapid Fleet IPO: How To Check Allotment Status?
Once allotted, investors can check the allotment status by following these steps:
1) Go to the official NSE website via the URL — https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
2) Select ‘Equity & SME IPO bid details’.
3) Under ‘Select Symbol’, select ‘Rapid Fleet Management Services Ltd’ by the symbol ‘RAPIDFLEET’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘Submit’ button.
Your share application status will appear on your screen.
You can also visit directly on the registrar Bigshare Services Pvt Ltd’s portal — https://ipo.bigshareonline.com/ipo_status.html and check the Rapid Fleet Management Services IPO allotment status.
Rapid Fleet Management IPO GMP Today
According to market observers, unlisted shares of Rapid Fleet Management Services Ltd are currently showing the same price as its IPO issue price, which indicates flat or negative listing. Its listing is scheduled to take place on March 28 on the NSE SME platform.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Rapid Fleet Management Services IPO: More Details
The Rapid Fleet IPO is a book-built issue worth Rs 43.87 crores, consisting entirely of a fresh issue of 22.85 lakh shares.
The IPO bidding opened on March 21, 2025, and closed on March 25, 2025. The allotment was finalised on March 26, 2025 (Wednesday), with a tentative listing date set for March 28, 2025 (Friday) on the NSE SME platform.
The price band for the issue is Rs 183 to Rs 192 per share, with a minimum lot size of 600 shares. Retail investors must invest a minimum of Rs 1,09,800, but bidding at the cut-off price is advised to mitigate oversubscription risks, requiring an investment of Rs 1,15,200. High Net-worth individuals (HNIs) need to apply for at least 2 lots (1,200 shares), amounting to Rs 2,30,400.
Gretex Corporate Services Limited is the book-running lead manager, while Bigshare Services Pvt Ltd serves as the registrar. The market maker for the IPO is MLB Stock Broking Private Limited.
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