Ritco Logistics Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
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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.
For the year/period ended (in Rs. Lakhs)
Profit After Tax
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
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)