Ritco Logistics IPO

Ritco Logistics IPORitco 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)


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