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Ritco Logistics Limited IPO (Ritco Logistics IPO) Detail

January 28, 2019 - January 30, 2019

Ritco Logistics IPO is a book built issue of Rs 48.18 crores. The issue is a combination of fresh issue of 50 lakh shares and offer for sale of 16 lakh shares.

Ritco Logistics IPO bidding started from January 28, 2019 and ended on January 30, 2019. The allotment for Ritco Logistics IPO was finalized on Monday, February 4, 2019. The shares got listed on BSE SME on February 7, 2019.

Ritco Logistics IPO price band is set at ₹71 to ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Ritco Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Ritco Logistics IPO RHP for detailed information.

Ritco Logistics IPO Details

IPO Date January 28, 2019 to January 30, 2019
Listing Date February 7, 2019
Face Value ₹10 per share
Price Band ₹71 to ₹73 per share
Lot Size 1600 Shares
Total Issue Size6,600,000 shares
(aggregating up to ₹48.18 Cr)
Fresh Issue5,000,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale1,600,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion334,400 shares

Ritco Logistics IPO Reservation

Ritco Logistics IPO offers 6,600,000 shares. 3,132,800 (47.47%) to NII, 3,132,800 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered334,400 (5.07%)
NII (HNI) Shares Offered3,132,800 (47.47%)
Retail Shares Offered3,132,800 (47.47%)
Total Shares Offered6,600,000 (100%)

Ritco Logistics IPO Timeline (Tentative Schedule)

Ritco Logistics IPO opens on January 28, 2019, and closes on January 30, 2019.

IPO Open Date Monday, January 28, 2019
IPO Close Date Wednesday, January 30, 2019
Basis of Allotment Monday, February 4, 2019
Initiation of Refunds Tuesday, February 5, 2019
Credit of Shares to Demat Wednesday, February 6, 2019
Listing Date Thursday, February 7, 2019
Cut-off time for UPI mandate confirmation 5 PM on January 30, 2019

Ritco Logistics IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹116,800
Retail (Max) 1 1600 ₹116,800
Lot Size Calculator

Ritco Logistics IPO Promoter Holding

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.

Share Holding Pre Issue 78.44%
Share Holding Post Issue 55.88%

About Ritco Logistics Limited

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 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 (Ritco Logistics IPO Objectives)

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 Review (Apply)

[Dilip Davda]  The company is poised to reap the benefits of technological up gradation and expansion of operational fleets. Investment in this reasonably priced issue may be considered for medium to long term. Read detail review...


Ritco Logistics IPO Subscription Status (Bidding Detail)

The Ritco Logistics IPO is subscribed 1.39 times on January 30, 2019 7:49:01 PM. The public issue subscribed 0.96 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.82
Retail0.96
Total1.39

Ritco Logistics IPO Prospectus

Ritco Logistics IPO Rating

86
4.0
Rating:Rated 4.0 stars
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Ritco Logistics IPO Listing Details

Listing Date February 7, 2019
BSE Script Code 542383
NSE Symbol RITCO
ISIN INE01EG01016
Final Issue Price ₹73 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹73.00
₹77.40
₹73.55
₹77.40
₹73.55

Check IPO Performance…

Ritco Logistics Limited Contact Details

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/initial_offer/public-issues.html

Ritco Logistics IPO - Buy or Not

Ritco Logistics IPO Recommendation Summary

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Members 0 0 0

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Ritco Logistics IPO FAQs

Ritco Logistics IPO is a SME IPO of 6,600,000 equity shares of the face value of ₹10 aggregating up to ₹48.18 Crores. The issue is priced at ₹71 to ₹73 per share. The minimum order quantity is 1600 Shares.

The IPO opens on January 28, 2019, and closes on January 30, 2019.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ritco Logistics IPO opens on January 28, 2019 and closes on January 30, 2019.

Ritco Logistics IPO lot size is 1600 Shares, and the minimum amount required is ₹116,800.

You can apply in Ritco Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ritco Logistics IPO will be done on Monday, February 4, 2019, and the allotted shares will be credited to your demat account by Wednesday, February 6, 2019. Check the Ritco Logistics IPO allotment status.

The Ritco Logistics IPO listing date is on February 7, 2019.
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Ritco Logistics IPO Message Board

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139 Comments

64. FUNDINGTOUCH |   Link |  Bookmark |February 24, 2019 8:40:06 PM
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.
64.1. RT |   Link |  Bookmark |March 1, 2019 4:59:37 PM
Break Even kab tak aayega ??
64.2. RT |   Link |  Bookmark |March 7, 2019 6:25:35 PM
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.
63. Dinesh Singh |   Link |  Bookmark |February 21, 2019 4:39:52 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
As told yesterday hold tight this share.
Today more than 7 lacs shares traded.
Tomorrow it will go above IPO price.
63.1. RT |   Link |  Bookmark |March 21, 2019 6:15:15 PM
One month ho gaya holding tightly but ab mutthi kamzor ho rahi hai.
62. RT |   Link |  Bookmark |February 18, 2019 1:37:57 PM
3 lot * 1600 = 4800 * 6 = 28800/- + losses.

Should still hold for expecting Break Even ?

PL tell.
62.7. Small Investor |   Link |  Bookmark |February 21, 2019 2:25:27 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Ritco now 73
62.8. FUNDINGTOUCH |   Link |  Bookmark |March 25, 2019 9:57:10 PM
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 .
61. Priyansh Agrawal |   Link |  Bookmark |February 19, 2019 7:43:20 PM
DEAR RT MY BROKER NIRMAL BANG
60. Priyansh Agrawal |   Link |  Bookmark |February 19, 2019 12:23:06 PM
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
60.1. RT |   Link |  Bookmark |February 19, 2019 7:24:43 PM
Who is your broker in Jaipur ?
59. Dinesh Singh |   Link |  Bookmark |February 19, 2019 3:01:15 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
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.

59.1. RAJ IPO |   Link |  Bookmark |February 19, 2019 4:58:25 PM
ARE BAHI TODAY LOSSE BOOK TO LOT
58. Dinesh Singh |   Link |  Bookmark |February 18, 2019 1:11:53 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
It is getting lower day by day.

Today LC at 66.40.

I think it will go up from tomorrow.
57. RT |   Link |  Bookmark |February 12, 2019 11:39:53 AM
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.
57.2. RT |   Link |  Bookmark |February 12, 2019 3:35:22 PM
Matlab, RITCO profit mein Kab aayega.
57.3. uday patel |   Link |  Bookmark |February 12, 2019 3:54:40 PM
Look at this Transactions.
https://www.bseindia.com/stock-share-price/bulk-block-deals/scripcode/542383
56. Small Investor |   Link |  Bookmark |February 11, 2019 12:36:51 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dear Rajakumar,SME Analysts,
In Which IPO You Applying
anmol,kirti and mindpool
56.1. smeanalysts |   Link |  Bookmark |February 11, 2019 12:56:19 PM
Mind pool only. Avoid the other 2.
55. RAJAKUMAR |   Link |  Bookmark |February 9, 2019 9:15:22 AM (1400+ Posts, 1200+ 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.
55.1. Splendid |   Link |  Bookmark |February 9, 2019 10:02:39 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Rajakumar

I will bet on Mindpool Tech as its low equity ipo
55.2. RAJAKUMAR |   Link |  Bookmark |February 11, 2019 7:13:44 AM (1400+ Posts, 1200+ Likes)
Dear Splendid,
Yes. I already post a message in Mindpool page.
54. smeanalysts |   Link |  Bookmark |February 10, 2019 6:23:35 PM
Just a few retailer left to exit and then weak hands will be out completely
53. Small Investor |   Link |  Bookmark |February 9, 2019 10:15:50 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
SWEETY SUNILKUMAR DANGI BOUGHT 390400 SHARES
52. Small Investor |   Link |  Bookmark |February 8, 2019 3:18:48 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dear Rajakumar ji
in Surani and Ritco you have booked Loss ?
52.3. Small Investor |   Link |  Bookmark |February 9, 2019 10:11:04 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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
52.4. Small Investor |   Link |  Bookmark |February 9, 2019 10:13:40 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
i think Kranti and mindpool good ipo
51. RAJAKUMAR |   Link |  Bookmark |February 9, 2019 9:11:27 AM (1400+ Posts, 1200+ 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/
50. uday patel |   Link |  Bookmark |February 8, 2019 2:22:09 PM
On every down moment, Investors are smartly Buying large lot, looks like this will be another Innovative.
49. smeanalysts |   Link |  Bookmark |February 8, 2019 11:09:58 AM
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
49.1. Small Investor |   Link |  Bookmark |February 8, 2019 1:31:39 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
are wha mere sher ritco now move
49.2. Small Investor |   Link |  Bookmark |February 8, 2019 1:32:48 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Today upper circuit will come in ritco
48. RAJAKUMAR |   Link |  Bookmark |February 8, 2019 8:33:02 AM (1400+ Posts, 1200+ 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.
48.2. Small Investor |   Link |  Bookmark |February 8, 2019 10:47:08 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dear Rajakumar now your order has been execute ?
48.3. smeanalysts |   Link |  Bookmark |February 8, 2019 10:47:09 AM
Wrong move. Weak hands have exited. Just see surani steel.next is ritco now
47. Krish Invests |   Link |  Bookmark |February 8, 2019 8:16:59 AM
Yesterday 1cr worth of shares sold and 11cr worth bought in bulk deal.. decide yourself about the strength of this company
47.2. Vikas kmr |   Link |  Bookmark |February 8, 2019 10:18:13 AM
May b info is fake, why LC when huge buy done.
47.3. Small Investor |   Link |  Bookmark |February 8, 2019 10:46:11 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
bulk deals in Ritco almost 16 lk shares yesterday
https://www.bseindia.com/stock-share-price/bulk-block-deals/scripcode/542383#
46. Small Investor |   Link |  Bookmark |February 8, 2019 10:43:48 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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
45. smeanalysts |   Link |  Bookmark |February 8, 2019 8:19:38 AM
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
45.1. smeanalysts |   Link |  Bookmark |February 8, 2019 8:21:20 AM
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
45.2. Dinesh Singh |   Link |  Bookmark |February 8, 2019 8:35:32 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
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.