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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.
| 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 Size | 6,600,000 shares (aggregating up to ₹48.18 Cr) |
| Fresh Issue | 5,000,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 1,600,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 19,476,618 |
| Share holding post issue | 24,476,618 |
| Market Maker portion | 334,400 shares |
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 Offered | 334,400 (5.07%) |
| NII (HNI) Shares Offered | 3,132,800 (47.47%) |
| Retail Shares Offered | 3,132,800 (47.47%) |
| Total Shares Offered | 6,600,000 (100%) |
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 |
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 | |||
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% |
Business Overview
| 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 |
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
[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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 1.82 |
| Retail | 0.96 |
| Total | 1.39 |
| Listing Date | February 7, 2019 |
| BSE Script Code | 542383 |
| NSE Symbol | RITCO |
| ISIN | INE01EG01016 |
| Final Issue Price | ₹73 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹73.00 |
| ₹77.40 |
| ₹73.55 |
| ₹77.40 |
| ₹73.55 |
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/
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
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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.
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