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Rapid Multimodal Logistics Limited IPO Details

Issue Open	22 August 2024
Issue Close	27 August 2024
IPO Price	₹84 per equity share
Face Value	₹10 per equity share
IPO Size	₹8.49 Cr.
Listing At	BSE, SME
IPO Lot Size	1600 Shares

IPO Investor Categories

• Qualified Institutional Buyers - Qualified Institutional Buyers (QIBs) are typically large, financially investors, such as the mutual funds, hedge funds, insurance companies, and pension funds, and who are considered to have the expertise & resources to the evaluate investment opportunities. QIBs must meet certain financial criteria set by the Securities & Exchange Board of India (SEBI) to participate in an IPO. They are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.
• Non-Institutional Investors  - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or the corporate bodies who do not meet the financial criteria to be classified as the QIBs. They are allowed to participate in an the IPO at the same price as retail investors.

NII category has two subcategories:

1. sNII - sNII" stands for "Small Non-Institutional Investor". This sub-category includes investors who have floated shares worth Rs 2 lakh and Rs 10 lakh respectively in the IPO

2. bNII - bNII - "bNII" means "Large Non-Institutional Investor". This sub-category includes investors who have created shares in shares worth more than Rs. 10 lakh in IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakh in the IPO to encourage vendor participation in the IPO process.

• Employee (EMP)- In an IPO, the category of Employees (EMP) is reserved for the employees, directors and associate employees of the issuing company, and the issuing company and the CEO of the IPO determine the share a will be allocated for this category.

• Others- Certain groups of qualified shareholders or other investors with reserved IPO quotas.