On the BSE SME platform, Rapid Multimodal Logistics shares debut with a 23% premium.

On Friday, the shares of Rapid Multimodal Logistics made their debut at a premium of 22.6% on the BSE SME market.

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The company's shares were trading 11% above the offer price prior to the listing.

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Rapid Multimodal, a company situated in Chennai, offers its customers one-stop logistical solutions.

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The business is in charge of overseeing and coordinating the flow of completed items or raw materials along the supply chain.

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From 2022 to 2050, the Indian transport and logistics industry is projected to grow at a compound annual growth rate (CAGR) of 4.5%, with a total volume of 15.6 trillion tons kilometers.

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In 2022, the transportation and logistics industry was projected to be valued between Rs 13-16 lakh crore ($156.18-192.23 billion).

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