Rapid Multimodal Logistics IPO opens tomorrow; price band set at ₹84 apiece

The IPO subscription for Rapid Multimodal Logistics will commence on Thursday, August 22 and conclude on Tuesday, August 27. The price band for the IPO has been set at ₹84 per share, with a lot size of 1,600 shares for Rapid Multimodal Logistics. The issue price is 8.4 times of the face value of the equity shares.

Based in Chennai, the company offers comprehensive logistical solutions to clients and primarily serves the B2B sector. They deliver end-to-end logistics services to help manufacturers and traders transport raw materials and finished goods. The company manages and coordinates the movement of materials throughout the supply chain, from origin to destination.

Mr. Narayan Agarwal, Mr. Manoj Goel, Mr. Summit Agarwal, and Ms. Nidhi Agarwal are the promoters of the Company.