Rapid Multimodal Logistics Ltd - IPO

Rapid Multimodal Logistics Ltd IPO Details

Public issue of upto 10,11,200 equity shares of face value of Rs. 10.00 each (Equity Shares) of Rapid Multimodal Logistics Limited (the Company or the Issuer) for cash at a price of Rs. 84 per equity share including a share premium of Rs. 74 per equity share (the Issue Price) aggregating upto Rs. 8.49 crores (The Issue) of which 51,200 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 84 per equity share including a share premium of Rs. 74 per equity share aggregating to Rs. 0.43 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 9,60,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 84 per equity share including a share premium of Rs. 74 per equity share aggregating to Rs. 8.06 crores (the Net Issue). The issue and the net issue will constitute 25.63% and 25.19 % respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10.00 and the issue price is 8.4 times of the face value of the equity shares.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

Rapid Multimodal Logistics Ltd Contact Details

Rapid Multimodal Logistics Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@rapidlogistics.in

Website - www.rapidlogistics.in