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Ritco Logistics Limited IPO (Ritco Logistics IPO) Detail

Jan 28, 2019 - Jan 30, 2019

Incorporated in 2001, Delhi based Ritco Logistics Limited is a company engaged in the business of providing goods transport service along with warehousing facilities. The company provides a range of services including Contract Logistics, Less than Truck Load (LTL) and Fleet Rental Services.

The company primarily serves to industrial customers who need to transport bulk quantities of their goods within India. The major portion of the revenue comes from Contract Logistics. In 2017-18, Contract Logistics services contributed 78.73% of total revenue.

The company has built a widespread transportation network of 30 branches in 14 States and 1 Union Territory across India. It owns a fleet of 256 heavy commercial trucks of different sizes and carrying capacities.

The total revenue of the Company stood at Rs. 343.91 crores, Rs. 328.96 crores and Rs. 314.16 crores for 2018, 2017 and 2016 respectively. The PAT for the same period was Rs. 10.27 crores, Rs. 3.80 crores and Rs. 1.44 crores respectively.

The company has 342 full-time employees on its payroll.

Business Overview

  • 20+ years of experience, an integrated supply chain solution company driven by technology
  • Optimal mix of 3PL & assets base with presence in wide verticals such as Contract Logistics, Bulk. FTL, LTL, Warehousing, 3PL
  • Marquee institutional customers with long standing relationships
  • PAN-India presence through an established network of 30 branches, 1 lakh+ sq. ft, of warehouse space, 300+ employees
  • 1400+ operational fleets with 350+owned vehicles
  • Unique institutional contracts for fleet maintenance

Company Promoters:

The promoters of the company are Mr Man Mohan Pal Singh Chadha and Mr Sanjeev Kumar Elwadhi. They collectively hold 1,52,78,198 Equity Shares of the Company. They will continue to hold the majority of post-issue paid-up equity share capital of the Company.

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 includes a fresh Issue and an Offer for Sale. The proceeds from the Offer for Sale will go to selling shareholders. The objects of the fresh issue are-

1. Prepayment or repayment of a portion of Bank Borrowings
2. To meet Working Capital Requirements
3. To meet General Corporate Purposes

Ritco Logistics IPO Details

Issue OpenJan 28, 2019 - Jan 30, 2019
Issue TypeBook Built Issue IPO
Issue Size6,600,000 Eq Shares of Rs 10
(aggregating up to Rs 48.18 Cr)
Fresh Issue5,000,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Offer for Sale1,600,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 71 - Rs 73 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME

Ritco Logistics IPO Tentative Date / Timetable

Bid/Offer Opens OnJan 28, 2019
Bid/Offer Closes OnJan 30, 2019
Finalisation of Basis of AllotmentFeb 4, 2019
Initiation of RefundsFeb 5, 2019
Credit of Shares to Demat Acct:Feb 6, 2019
IPO Shares Listing Date:Feb 7, 2019

Ritco Logistics IPO Promoter Holding

Pre Issue Share Holding78.44%
Post Issue Share Holding55.88%

Ritco Logistics IPO Subscription Status (Bidding Detail)

Ritco Logistics IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

3,132,800

3,132,800

6,265,600

Jan 30, 2019 19:49

1.82x

0.96x

1.39x

Ritco Logistics IPO Prospectus

Ritco Logistics IPO Rating

86
4.0
Rating:Rated 4.0 stars

Vote Here ...

Ritco Logistics IPO Listing Date

Listing DateThursday, February 7, 2019
BSE Script Code542383
NSE Symbol
Listing InMT
ISININE01EG01016
Issue PriceRs 73 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

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

Ritco Logistics IPO Reviews / Ratings

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: ritco.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Ritco Logistics IPO Review / Comments

FUNDINGTOUCH
64. FUNDINGTOUCH  Feb 24, 2019 20:40 I Like It. | Report Abuse
Fundamentally Strong co projected 14cr PAT in 2018-19 current year and available @73 Rs it's a IPO Prize so best for investment for 3 to 6 months horizon gives at least 25-30% Return.
RT
64.1. RT  Mar 1, 2019 16:59 I Like It. 1 | Report Abuse
Break Even kab tak aayega ??
RT
64.2. RT  Mar 7, 2019 18:25 I Like It. | Report Abuse
Abhi to 15% ka negative return de raha hai RITCO. Vaise company achhi hai !!! Tabhi to negative return de raha hai.
3-6 month mein to lagta hai 50-60% ka return (-ve) to de hi dega.
One can hold for 12 months for more negative return.
Dinesh Singh
63. Dinesh Singh  Feb 21, 2019 16:39 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
As told yesterday hold tight this share.
Today more than 7 lacs shares traded.
Tomorrow it will go above IPO price.
RT
63.1. RT  Mar 21, 2019 18:15 I Like It. | Report Abuse
One month ho gaya holding tightly but ab mutthi kamzor ho rahi hai.
RT
62. RT  Feb 18, 2019 13:37 I Like It. | Report Abuse
3 lot * 1600 = 4800 * 6 = 28800/- + losses.

Should still hold for expecting Break Even ?

PL tell.
Small Investor
62.7. Small Investor  Feb 21, 2019 14:25 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Ritco now 73
FUNDINGTOUCH
62.8. FUNDINGTOUCH  Mar 25, 2019 21:57 I Like It. | Report Abuse
Dear RT ,
Stock touch today 80 Rs 52 week high and close today at 77.10 Rs with good delivery based volume approx 475000 shares .stock accumulate by strong hands .
Priyansh Agrawal
61. Priyansh Agrawal  Feb 19, 2019 19:43 I Like It. | Report Abuse
DEAR RT MY BROKER NIRMAL BANG
Priyansh Agrawal
60. Priyansh Agrawal  Feb 19, 2019 12:23 I Like It. | Report Abuse
I have purchased ritco on 18 Feb. 2019 and sold on 19 Feb. But my broker said that it has gone to Oxton. Please help me any person in jaipur is having the ritco
RT
60.1. RT  Feb 19, 2019 19:24 I Like It. | Report Abuse
Who is your broker in Jaipur ?
Dinesh Singh
59. Dinesh Singh  Feb 19, 2019 15:01 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
I have said yesterday that it will move forward from today.
Today it was UC at 69.70.
Now the reverse trend started and it will go up
80 within few days.
Please purchase this share and it will give decent return.

RAJ IPO
59.1. RAJ IPO  Feb 19, 2019 16:58 I Like It. | Report Abuse
ARE BAHI TODAY LOSSE BOOK TO LOT
Dinesh Singh
58. Dinesh Singh  Feb 18, 2019 13:11 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
It is getting lower day by day.

Today LC at 66.40.

I think it will go up from tomorrow.
RT
57. RT  Feb 12, 2019 11:39 I Like It. | Report Abuse
Approx more than 30 lakhs shares have been sold out in last 3 sessions.
When the day will come when the play will come from week hand to strong hands.
RT
57.2. RT  Feb 12, 2019 15:35 I Like It. | Report Abuse
Matlab, RITCO profit mein Kab aayega.
uday patel
57.3. uday patel  Feb 12, 2019 15:54 I Like It. | Report Abuse
Small Investor
56. Small Investor  Feb 11, 2019 12:36 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Rajakumar,SME Analysts,
In Which IPO You Applying
anmol,kirti and mindpool
smeanalysts
56.1. smeanalysts  Feb 11, 2019 12:56 I Like It. 1 | Report Abuse
Mind pool only. Avoid the other 2.
RAJAKUMAR
55. RAJAKUMAR  Feb 9, 2019 09:15 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
No regret reg Surani and Ritco..
Now my focus shifst to next week sme whether apply or not. Whether apply with force or one application.
Lets decide after seeing subscription.
Splendid
55.1. Splendid  Feb 9, 2019 10:02 I Like It. | Report Abuse
@Rajakumar

I will bet on Mindpool Tech as its low equity ipo
RAJAKUMAR
55.2. RAJAKUMAR  Feb 11, 2019 07:13 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Splendid,
Yes. I already post a message in Mindpool page.
smeanalysts
54. smeanalysts  Feb 10, 2019 18:23 I Like It. | Report Abuse
Just a few retailer left to exit and then weak hands will be out completely
Small Investor
53. Small Investor  Feb 9, 2019 10:15 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
SWEETY SUNILKUMAR DANGI BOUGHT 390400 SHARES
Small Investor
52. Small Investor  Feb 8, 2019 15:18 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Rajakumar ji
in Surani and Ritco you have booked Loss ?
Small Investor
52.3. Small Investor  Feb 9, 2019 10:11 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Rajakumar ji
ARTEDZ FABS LIMITED
Debt almost 22 cr as per draft dec 2017 and cotton yarn product
i think it as same of
akshar ,lagnam,axita shubham
may be risky ipo
Small Investor
52.4. Small Investor  Feb 9, 2019 10:13 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
i think Kranti and mindpool good ipo
RAJAKUMAR
51. RAJAKUMAR  Feb 9, 2019 09:11 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Once again Pantamoth proved. Rito listing is good but i couldnot capitalize. I sold only 3 lot at discover price. Because of deccan. Deccan performed well after 10am. But Ritco failed. Both are same issue size, LM and Good fundamentals. I thought it will move above 77.4 after 10am but my prediction went wrong. So my profit is came from 44k to 21k/
uday patel
50. uday patel  Feb 8, 2019 14:22 I Like It. | Report Abuse
On every down moment, Investors are smartly Buying large lot, looks like this will be another Innovative.
smeanalysts
49. smeanalysts  Feb 8, 2019 11:09 I Like It. | Report Abuse
Remember earlier issue of panthomath maheshwari logistic is up 100 pc and share vasu logistic is up 50 pc. People panicked and sold maheshwari on listing and see the price now. Logistic sector will do very well and is Most benefitted from gst. Keep holding this gem as price will easily cross 100 in coming time
Small Investor
49.1. Small Investor  Feb 8, 2019 13:31 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
are wha mere sher ritco now move
Small Investor
49.2. Small Investor  Feb 8, 2019 13:32 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Today upper circuit will come in ritco
RAJAKUMAR
48. RAJAKUMAR  Feb 8, 2019 08:33 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Today i put my last lot to sell at lower circuit. Whether order will execute or not i dont know .Thats why i always not holding any company after one hour of trade starts.
Small Investor
48.2. Small Investor  Feb 8, 2019 10:47 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Rajakumar now your order has been execute ?
smeanalysts
48.3. smeanalysts  Feb 8, 2019 10:47 I Like It. 1 | Report Abuse
Wrong move. Weak hands have exited. Just see surani steel.next is ritco now
Krish Invests
47. Krish Invests  Feb 8, 2019 08:16 I Like It. | Report Abuse
Yesterday 1cr worth of shares sold and 11cr worth bought in bulk deal.. decide yourself about the strength of this company
Vikas kmr
47.2. Vikas kmr  Feb 8, 2019 10:18 I Like It. | Report Abuse
May b info is fake, why LC when huge buy done.
Small Investor
47.3. Small Investor  Feb 8, 2019 10:46 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Small Investor
46. Small Investor  Feb 8, 2019 10:43 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
sala 1600 ka lot size hi upsagun niklta h hmesaha
look at
innovators fasad
soft eng
sarveshawar foods
kpi gloabale
and now taza taza ritco logistics
smeanalysts
45. smeanalysts  Feb 8, 2019 08:19 I Like It. | Report Abuse
There are few panicky and short term who will exit.let them exit it is good in a way that it will go to strong hands who will buy them. It is a. Bug company and largest logistic company in Delhi
smeanalysts
45.1. smeanalysts  Feb 8, 2019 08:21 I Like It. | Report Abuse
Big company .Check the warehouse space they have. Logistic sector is the most beneficiary of GST. Don't look at price fo r few months. This stock will definitely cross 100
Dinesh Singh
45.2. Dinesh Singh  Feb 8, 2019 08:35 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
There is a no buyer today also.
If this is so good company why every one is selling.

I think the correct value is Rs. 10 for this type of company.



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