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.
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.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||621.18||1,027.95||381.83||143.67|
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
|Issue Open||Jan 28, 2019 - Jan 30, 2019|
|Issue Type||Book Built Issue IPO|
|Issue Size||6,600,000 Eq Shares of Rs 10 |
(aggregating up to Rs 48.18 Cr)
|Fresh Issue||5,000,000 Eq Shares of Rs 10 |
(aggregating up to Rs [.] Cr)
|Offer for Sale||1,600,000 Eq Shares of Rs 10 |
(aggregating up to Rs [.] Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 71 - Rs 73 Per Equity Share|
|Market Lot||1600 Shares|
|Min Order Quantity||1600 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Jan 28, 2019|
|Bid/Offer Closes On||Jan 30, 2019|
|Finalisation of Basis of Allotment||Feb 4, 2019|
|Initiation of Refunds||Feb 5, 2019|
|Credit of Shares to Demat Acct:||Feb 6, 2019|
|IPO Shares Listing Date:||Feb 7, 2019|
|Pre Issue Share Holding||78.44%|
|Post Issue Share Holding||55.88%|
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