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Ritco Logistics Limited IPO

Ritco Logistics Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 73.00 (+0.00%)

Ritco Logistics Limited's successfully transitioned to public market status with its listing on BSE on 07-02-2019. 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 28-01-2019 and 30-01-2019 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 05-02-2019, 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
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.

IPO Reservation
Ritco Logistics IPO Key Performance Indicator
Company Financials ( in Lakhs )

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

NA


Ritco Logistics IPO Risk Factors

NA


Ritco Logistics IPO Lead Manager(s)

  • Pantomath Capital Advisors Private Limited

Ritco Logistics IPO Promoter(s)

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

Ritco Logistics IPO Company Details

Ritco Logistics Limited
Phone:
address:

Ritco Logistics IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Ritco Logistics IPO FAQs