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 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

IPO Date Jan 28, 2019 to Jan 30, 2019
Listing Date Thursday, February 7, 2019
Face Value ₹10 per share
Price ₹71 to ₹73 per share
Lot Size 1600 Shares
Issue Size6,600,000 shares of ₹10
(aggregating up to ₹48.18 Cr)
Fresh Issue5,000,000 shares of ₹10
(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
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.

Ritco Logistics IPO Tentative Timetable

Ritco Logistics IPO opens on Jan 28, 2019, and closes on Jan 30, 2019. The Ritco Logistics IPO bid date is from Jan 28, 2019 10.00 A.M. to Jan 30, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 28, 2019
Closing Date Jan 30, 2019
Basis of Allotment Feb 4, 2019
Initiation of Refunds Feb 5, 2019
Credit of Shares to Demat Feb 6, 2019
Listing Date Feb 7, 2019

Ritco Logistics IPO Lot Size

The Ritco Logistics IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹116,800).

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

Ritco Logistics IPO Promoter Holding

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

Ritco Logistics IPO Review

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 Jan 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)

Ritco Logistics IPO Prospectus

Ritco Logistics IPO Rating

Rating:Rated 4.0 stars
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Ritco Logistics IPO Listing Date

Listing Date Thursday, February 7, 2019
BSE Script Code 542383
Listing In MT Group of Securities
IPO Price ₹73 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Ritco Logistics Limited
508, 5th Floor,
Jyoti Shikhar Tower, District Centre,
Janakpuri, New Delhi - 110058
Phone: +91-0124- 4702300

Ritco Logistics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Ritco Logistics IPO Review

Ritco Logistics IPO Recommendation Summary

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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 Jan 28, 2019, and closes on Jan 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 Jan 28, 2019 and closes on Jan 30, 2019.

Ritco Logistics IPO lot size is 1600 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Most Liked Members



64. FUNDINGTOUCH |   Link |Feb 24, 2019 9:40:06 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 |Mar 1, 2019 5:59:37 PM
Break Even kab tak aayega ??
64.2. RT |   Link |Mar 7, 2019 7:25:35 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 |Feb 21, 2019 5:39:52 PM
IPO Guru IPO Guru (1100+ Posts, 400+ 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 |Mar 21, 2019 7:15:15 PM
One month ho gaya holding tightly but ab mutthi kamzor ho rahi hai.
62. RT |   Link |Feb 18, 2019 2:37:57 PM
3 lot * 1600 = 4800 * 6 = 28800/- + losses.

Should still hold for expecting Break Even ?

PL tell.
62.7. Small Investor |   Link |Feb 21, 2019 3:25:27 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Ritco now 73
62.8. FUNDINGTOUCH |   Link |Mar 25, 2019 10:57:10 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 |Feb 19, 2019 8:43:20 PM
60. Priyansh Agrawal |   Link |Feb 19, 2019 1:23:06 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 |Feb 19, 2019 8:24:43 PM
Who is your broker in Jaipur ?
59. Dinesh Singh |   Link |Feb 19, 2019 4:01:15 PM
IPO Guru IPO Guru (1100+ Posts, 400+ 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 |Feb 19, 2019 5:58:25 PM
58. Dinesh Singh |   Link |Feb 18, 2019 2:11:53 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
It is getting lower day by day.

Today LC at 66.40.

I think it will go up from tomorrow.
57. RT |   Link |Feb 12, 2019 12:39:53 PM
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 |Feb 12, 2019 4:35:22 PM
Matlab, RITCO profit mein Kab aayega.
57.3. uday patel |   Link |Feb 12, 2019 4:54:40 PM
Look at this Transactions.
56. Small Investor |   Link |Feb 11, 2019 1:36:51 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar,SME Analysts,
In Which IPO You Applying
anmol,kirti and mindpool
56.1. smeanalysts |   Link |Feb 11, 2019 1:56:19 PM
Mind pool only. Avoid the other 2.
55. RAJAKUMAR |   Link |Feb 9, 2019 10:15:22 AM
IPO Guru IPO Guru (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 |Feb 9, 2019 11:02:39 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)

I will bet on Mindpool Tech as its low equity ipo
55.2. RAJAKUMAR |   Link |Feb 11, 2019 8:13:44 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Splendid,
Yes. I already post a message in Mindpool page.
54. smeanalysts |   Link |Feb 10, 2019 7:23:35 PM
Just a few retailer left to exit and then weak hands will be out completely
53. Small Investor |   Link |Feb 9, 2019 11:15:50 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
52. Small Investor |   Link |Feb 8, 2019 4:18:48 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar ji
in Surani and Ritco you have booked Loss ?
52.3. Small Investor |   Link |Feb 9, 2019 11:11:04 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar ji
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 |Feb 9, 2019 11:13:40 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i think Kranti and mindpool good ipo
51. RAJAKUMAR |   Link |Feb 9, 2019 10:11:27 AM
IPO Guru IPO Guru (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 |Feb 8, 2019 3:22:09 PM
On every down moment, Investors are smartly Buying large lot, looks like this will be another Innovative.
49. smeanalysts |   Link |Feb 8, 2019 12:09:58 PM
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 |Feb 8, 2019 2:31:39 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
are wha mere sher ritco now move
49.2. Small Investor |   Link |Feb 8, 2019 2:32:48 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Today upper circuit will come in ritco
48. RAJAKUMAR |   Link |Feb 8, 2019 9:33:02 AM
IPO Guru IPO Guru (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 |Feb 8, 2019 11:47:08 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar now your order has been execute ?
48.3. smeanalysts |   Link |Feb 8, 2019 11:47:09 AM
Wrong move. Weak hands have exited. Just see surani is ritco now
47. Krish Invests |   Link |Feb 8, 2019 9:16:59 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 |Feb 8, 2019 11:18:13 AM
May b info is fake, why LC when huge buy done.
47.3. Small Investor |   Link |Feb 8, 2019 11:46:11 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
bulk deals in Ritco almost 16 lk shares yesterday
46. Small Investor |   Link |Feb 8, 2019 11:43:48 AM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |Feb 8, 2019 9:19:38 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 |Feb 8, 2019 9:21:20 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 |Feb 8, 2019 9:35:32 AM
IPO Guru IPO Guru (1100+ Posts, 400+ 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.