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

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 3,132,800 3,132,800 - - 6,265,600
Day 1 - Jan 28, 2019IST - 0.63x 0.06x - - 0.34x
Day 2 - Jan 29, 2019IST - 1.06x 0.23x - - 0.64x
Day 3 - Jan 30, 2019IST - 1.82x 0.96x - - 1.39x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 73.00 -
Open Rs 77.40 -
Low Rs 73.55 -
High Rs 77.40 -
Last Trade Rs 73.55 -
Volume 2,201,600 -

Ritco Logistics Limited Red Herring Prospectus

Ritco Logistics Limited User Rating

Votes
0

Ritco Logistics Limited Life IPO Reviews

Ritco Logistics Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us