Mumbai, March 29 -- The scrip was listed at 195, a premium of 1.56% compared with the initial public offer (IPO) price. The stock settled with gains of 2.82% over its listing price.

The counter hit a high of Rs 203.75 and a low of Rs 195. About 2.03 lakh shares of the company changed hands at the counter.

Rapid Fleet Management Services' IPO was subscribed 1.49 times. The issue opened for bidding on 21 March 2025, and it closed on 25 March 2025. The price band of the IPO was set at Rs 183 to Rs 192 per share.

The IPO comprised a fresh issue of 22,84,800 shares. The promoter and promoter shareholding diluted to 73.40% from 99.74% pre-IPO.

The company intends to utilize the net proceeds to purchase vehicles (goods carriages), working ca...