Ritco Logistics IPO is all about to make its debut on 28 Jan 2019 with issue size of INR 48.18 cr
Ritco Logistics Limited, a business with its headquarters in Delhi, was founded in 2001 and is in the business of offering warehousing and products transport services. Contract Logistics, Less than Truck Load (LTL), and Fleet Rental Services are just a few of the services offered by the business. The organisation primarily caters to industrial clients who require the internal transportation of large amounts of their products from/to India. Contract Logistics accounts for the lion’s share of the company’s income. Contract logistics services generated 78.73% of the total income in 2017–18. With 30 locations distributed over 14 States and 1 Union Territory in India, the company has established a sizable transportation network.
It has 256 big commercial trucks in its fleet, all with varied sizes and payloads. For the years 2018, 2017, and 2016, the Company’s total income was, respectively, Rs. 343.91 crores, Rs. 328.96 crores, and Rs. 314.16 crores. The PAT for the same time period was 10,27, 3,80, and 1,44 crores of rupees, respectively. There are 342 full-time people working for the company.
Ritco Logistics IPO Details
| IPO Date | Jan 28, 2019 to Jan 30, 2019 |
| Listing Date | Feb 7, 2019 |
| Face Value | ₹10 per share |
| Price | ₹71 to ₹73 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,600,000 shares(aggregating up to ₹48.18 Cr) |
| Fresh Issue | 5,000,000 shares(aggregating up to ₹[.] Cr) |
| Offer for Sale | 1,600,000 shares of ₹10(aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Ritco Logistics IPO Tentative Dates
Ritco Logistics IPO opens on Jan 28, 2019, and closes on Jan 30, 2019.
| Event | Tentative Date |
| Opening Date | Jan 28, 2019 |
| Closing Date | Jan 30, 2019 |
| Basis of Allotment | Feb 4, 2019 |
| Initiation of Refunds | Feb 5, 2019 |
| Credit of Shares to Demat | Feb 6, 2019 |
| Listing Date | Feb 7, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Financials
Ritco Logistics financial Information (Restated)
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| 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 |
Objects of the Issue
The Issue also contains an Offer for Sale and a new Issue. The selling stockholders will get the sale’s revenues. The items in the most recent issue are:
1. Prepayment or partial repayment of bank loans
2. To fulfil the need for working capital
3. To fulfil general corporate objectives
Ritco Logistics IPO Prospectus
Company Contact Information
Ritco Logistics Limited
508, 5th Floor,
Jyoti Shikhar Tower, District Centre,
Janakpuri, New Delhi – 110058
Phone: +91-0124- 4702300
Email: cs@ritcologistics.com
Website: http://www.ritcologistics.com/
Ritco Logistics IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ritco.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Ritco Logistics IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
