Ritco Logistics Limited

Offer PeriodJan 28, 2019 – Jan 30, 2019

BSE - SMEListed

Listed Price

₹73.00

+0.00%

Price Band₹71 - ₹73

Lot Size1,600 Shares

Allotment DateFeb 05, 2019

Listing DateFeb 07, 2019

Subscription-

Issue Size₹48.00 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0
(0.00%)

Premium (ELP)

Ritco Logistics Limited's successfully transitioned to public market status with its listing on BSE on Feb 07, 2019. The IPO mobilized 66,00,000 Shares in cumulative capital, including 46,65,600 Shares for corporate expansion and ₹12.00 Cr for shareholder liquidity management.

The public offering was conducted within the price parameters of ₹71 to ₹73, with minimum investment lots of 1600 shares. subscription activity between Jan 28, 2019 and Jan 30, 2019 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on Feb 05, 2019, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Ritco Logistics IPO Details

IPO Date

Jan 28, 2019 to Jan 30, 2019

Allotment Date

Feb 05, 2019

List Date

Feb 07, 2019

Lot Size

1,600 share

Issue Price

₹71 - ₹73

Issue Size

66,00,000 (aggregating up to 48.00 Cr)

Fresh Issue

46,65,600 (aggregating up to 34.00 Cr)

Offer For Sale

16,00,000 (aggregating up to 12.00 Cr)

Listing At

BSE

Share Holding Pre-Issue

1,94,76,618

Share Holding Post-Issue

2,44,76,618

Market Marker Portion

3,34,400

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	1600	1,16,800
HNI	2	3200	2,33,600

IPO Reservation

Shares66,00,000

Market Maker

5.07%(3,34,400)

HNI

47.47%(31,32,800)

RETAIL

47.47%(31,32,800)

Total

100.00%(66,00,000)

Ritco Logistics IPO Key Performance Indicators

KPI

KPI
No data

Company Financials (in Lakhs)

Period Ended	Sept-18	Mar-18	Mar-17	Mar-16

Period Ended	Sept-18	Mar-18	Mar-17	Mar-16
Assets	17,894.47	15,403.43	9,707.73	8,989.98
Revenue	20,860.31	34,391.49	32,896.06	31,416.47
Net Worth	0	0	0	0
profit After Tax	621.18	1,027.95	381.83	143.67
Reserves And Surpluse	0	0	0	0
Total Borrowing	0	0	0	0

Ritco Logistics IPO About Company

Incorporated in 2001, Delhi-based Ritco Logistics Limited provides goods transport and warehousing services, specializing in Contract Logistics, Less than Truck Load (LTL), and Fleet Rental services for industrial customers across India. Contract Logistics forms the bulk of its revenue, contributing 78.73% in 2017-18. The company operates a network of 30 branches across 14 states and 1 union territory and owns a fleet of 256 heavy commercial trucks. Ritco Logistics reported revenues of ₹343.91 Cr, ₹328.96 Cr, and ₹314.16 Cr for 2018, 2017, and 2016, with PAT of ₹10.27 Cr, ₹3.80 Cr, and ₹1.44 Cr, respectively. The company employs 342 full-time staff.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Ritco Logistics IPO Strength Factors

⚠️Ritco Logistics IPO Risk Factors

🏦Ritco Logistics IPO Lead Manager(s)

Pantomath Capital Advisors Private Limited

👤Ritco Logistics IPO Promoter(s)

Mr. Sanjeev Kumar Elwadhi
Mr. Man Mohan Pal Singh Chadha

🏢Ritco Logistics IPO Company Details

Ritco Logistics Limited

Email:cs@ritcologistics.com

Phone:+91-0124- 4702300

Website:http://www.ritcologistics.com/

address:508, 5th Floor, Jyoti Shikhar Tower, District Centre, Janakpuri, New Delhi - 110058

📋Ritco Logistics IPO Registrar

Link Intime India Private Limited

Name:Link Intime India Private Limited

Phone:+91-22-4918 6270

Email:ritco.ipo@linkintime.co.in

Website:https://linkintime.co.in/Initial_Offer/public-issues.html

❓Ritco Logistics IPO FAQs

Ritco Logistics IPO is a main-board IPO of 46,65,600 equity shares of the face value of ₹10 per share aggregating up to ₹12.00 crore shares. The issue is priced at ₹71 - ₹73 per share. The minimum order quantity is .The IPO opens on Jan 28, 2019, and closes on Jan 30, 2019. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

Zerodha customers can apply online in Ritco Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Ritco Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Ritco Logistics IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Ritco Logistics IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Ritco Logistics IPO opens on Jan 28, 2019 and closes on Jan 30, 2019.

You can apply in Ritco Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Ritco Logistics IPO will be done on Feb 05, 2019, and the allotted shares will be credited to your demat account by Feb 05, 2019

Ritco Logistics IPO's listing date is Feb 07, 2019.

Ritco Logistics Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0(0.00%)

Premium (ELP)

₹0
(0.00%)