New Delhi, March 28 -- Rapid Fleet Management IPO Listing: Rapid Fleet Management witnessed a tepid market entry on Friday, March 28, with its shares debuting at Rs.195 each on the NSE SME platform, recording a premium of 1.56% over the issue price of Rs.192.

However, the stock recovered after the muted listing, rising to Rs.200 apiece, marking a 4.16% increase from the IPO price. The SME IPO, amounting to Rs.44 crore, was open for subscription from March 21 to March 25, 2025, at a fixed price of Rs.192 per share.

The issue is entirely a fresh offering of 22.85 lakh shares and garnered an overall subscription of 1.65 times. Non-institutional investors showed significant interest, subscribing to their segment 4.38 times, while the retail...