Samco securities limited

Ritco Logistics Limited IPO

Add to Calendar 2019-01-28 12:00 AM 2019-01-30 12:00 AM Asia/Kolkata Ritco Logistics Limited IPO Ritco Logistics Limited India

Ritco Logistics Limited is an integrated logistics network solution company with land base handling, warehousing and other value-added services across India. It offers cargo services under its bulk load, dedicated load (to-and-fro), full truckload (FTL) and less than truckload (LTL) owned fleets. The company has more than 350 technology driven fleets and 1,400 third-party operated fleets, out of that 70% of its fleets are on road daily on an average basis. It mainly operates via its ‘3PL’ business model that fulfils the customer's needs.

Date of Incorporation: The company was incorporated as ‘Ritco Logistics Private Limited’ at Delhi on 23rd August 2001 as Private Limited Company. Eventually, it was converted to a public limited company ‘Ritco Logistics Limited’ on 02nd May 2018.

Promoters of Ritco Logistics Limited: Sanjeev Kumar Elwadhi and Man Mohan Pal Singh Chadha are the promoters of Ritco Logistics Limited.

Products and Services Offering: The Companies supply chain is integrated under 3 business divisions:

  • - Contract Logistics Division:  For bulk load, full truckload and dedicated load transportation.

  • - Fleet Management Division: For fleet operation and fleet rental service.

  • - LTL & Warehousing and value-added services Division: For less than truckload transportation, warehousing, distribution and other value-added services.

Customer Segments: Ritco Logistics Limited has a diversified client segment that includes petrochemicals, FMCG, automobile, tyre, electronics, mineral, metals and garments among several sectors across India.

Objects of Ritco Logistics Limited IPO: The core of this offers are:

  • - Warehouse Development.

  • - Fleet Center Development.

  • - Meeting Working Capital Requirements.

  • - General Corporate Expenses.

  • - Upgradation of Digital Platform.

Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)


30-Sep-2018

31-Mar-2018

31-Mar-2017

31-Mar-2016

Total Assets

17,894.47

15,403.43

9,707.73

8,989.98

Total Revenue

20,860.31

34,391.49

32,896.06

31,416.47

Profit After Tax

621.18

1,027.95

381.83

143.67

Issue Detail

  • Issue Open: Jan 28, 2019
  • Issue Close: Jan 30, 2019
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 71 - Rs 73 Per Equity Share
  • Bid Lot:1600 Shares
  • Minimum Order Quantity:1600 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 48.18 Cr

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