Chennai-based logistics provider Rapid Multimodal Logistics launches SME IPO on August 22, seeking to raise Rs 8.49 crore.

Chennai-based logistics provider, Rapid Multimodal Logistics, launched its SME IPO on August 22, seeking to raise Rs 8.49 crore with a fresh issue of 10.11 lakh shares priced at Rs 84 per share. The IPO will remain open until August 27 and is available for both retail and non-retail investors. The shares will list on the BSE SME platform on August 30 and are primarily aimed at serving the B2B sector, offering end-to-end logistical solutions.