The allotment for Rapid Multimodal Logistics’ IPO will be finalised today, August 28. The IPO, which raised ₹8.49 crore, was open for subscription from August 22 to August 27. Shares are set to list on BSE SME on August 30.
If you applied for shares, you can expect them to be credited to your demat account on August 29. If you didn’t get an allotment, you should receive a refund on the same day.
How to Check IPO Allotment Status:
- Visit the IPO registrar’s website at Bigshare Services Pvt Ltd.
- Select “Rapid Multimodal Logistics IPO” from the company list.
- Enter your PAN Number, Beneficiary ID, or Application Number.
- Alternatively, you can check your status on the BSE website by going to BSE Application Status. Choose ‘Equity’ in ‘Issue Type’, pick the IPO under ‘Issue Name’, and enter your application number or PAN.
IPO Subscription Details:
The Rapid Multimodal Logistics IPO was heavily oversubscribed, with total bids reaching 350 times the shares on offer. The retail portion was subscribed nearly 173 times, while the “Others” segment was subscribed 513 times.
Grey Market Premium (GMP):
The latest GMP for Rapid Multimodal Logistics is +10, meaning shares are trading at a premium of ₹10 in the grey market. This suggests an estimated listing price of ₹94 per share, a 12% increase from the IPO price of ₹84.
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