Ritco Logistics IPO description – Ritco Logistics is an integrated supply chain solution company, providing land base logistics, warehouse and other value-added services in India. It offers a broad, integrated freight transpiration service under bulk load, dedicated load (to-and-fro), full truck load (FTL) and less than truck load (LTL) utilizing company-owned fleets or through independent third party-operator; and other ancillary services such as warehouse and value-added services. The company offers technology-enabled logistic and other distribution solution designed primarily for the corporate customer.
In addition to the supply chain solution, a small portion of its revenue comes from fleet rental service, wherein it provides its fleet on a rental basis to the small retail customers. As on date of Draft Red Herring Prospectus, Ritco Logistics operated a technology-enabled fleet of more than 350 trucks and approximately 1,400 trucks provided by independent third party-operators. During financial year 2018, the company transported or arranged approximately 8 lakhs tons of loads for shipment throughout PAN India. As on date of this Draft Red Herring Prospectus, it operates PAN-India through an established network of 30 branches (6 fleet centers and 9 warehouses). Further, it manages over 1 lakh sq. ft. of warehouse space which is rented or leased.
Ritco Logistics promoters – Sanjeev Kumar Elwadhi and Man Mohan Pal Singh Chadha
| Ritco Logistics – Upcoming IPO details | |
| Subscription Dates | 28 – 30 January 2019 |
| IPO Price band | INR71 – 73 per share |
| Fresh issue | 5,000,000 shares (INR35.5 – 36.5 crore) |
| Offer for sale | 1,600,000 shares (INR11.36 – 11.68 crore) |
| Total IPO size | 6,600,000 shares (INR46.86 – 48.18 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Warehouse development
- Technology upgradation /development of Digital Platform
- Fleet Centre Upgradation/ development
- Working Capital Requirements
- General Corporate Purposes
- Issue Expenses
| Ritco Logistics’ consolidated financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | H1 FY2019 | |||
| Total revenue | 314.2 | 329.0 | 343.9 | 208.6 | ||
| Total expenses | 312.0 | 324.1 | 328.8 | 198.9 | ||
| Profit after tax | 1.44 | 3.82 | 10.28 | 6.21 | ||
Ritco Logistics Contact Details
Ritco Logistics Limited
508, 5th Floor, Jyoti Shikhar Tower
District Centre, Janakpuri
New Delhi, India, 110058
Phone: +91 011 25522158
Email: [email protected]
Website: www.ritcologistics.com
Ritco Logistics IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.33 |
| Day 2 | 0.61 |
| Day 3 | 1.32 |
Ritco Logistics Valuation (For FY2018)
Earnings Per Share (EPS): INR5.28
Price/Earnings (P/E) ratio: 13.45 – 13.83
Return on Net Worth (RONW): 21.44%
Net Asset Value (NAV): INR24.62 per share
Registrar of Ritco Logistics IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Ritco Logistics IPO Allotment Status
Ritco Logistics IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Ritco Logistics
IPO Opening Date: 28 January 2019
IPO Closing Date: 30 January 2019
Listing Date: 7 February 2019
Listing Price on BSE SME: INR77.4 per share (up 6.03% from IPO price)
Closing Price on BSE SME: INR73.55 per share (up 0.75% from IPO price)
