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Ritco Logistics IPO is a book build issue of ₹48.18 crores. The issue is a combination of fresh issue of 0.50 crore shares aggregating to ₹36.50 crores and offer for sale of 0.16 crore shares aggregating to ₹11.68 crores.
Ritco Logistics IPO bidding started from Jan 28, 2019 and ended on Jan 30, 2019. The allotment for Ritco Logistics IPO was finalized on Feb 4, 2019. The shares got listed on BSE SME on Feb 7, 2019.
Ritco Logistics IPO price band is set at ₹73.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,33,600.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
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 |
| Issue Price Band | ₹71 to ₹73 per share |
| Issue Price Final | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 66,00,000 shares (aggregating up to ₹48.18 Cr) |
| Reserved for Market Maker | 3,34,400 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹2.44 Cr) |
| Fresh Issue (Ex Market Maker) | 46,65,600 shares (aggregating up to ₹34.06 Cr) |
| Offer for Sale | 16,00,000 shares of ₹10 (aggregating up to ₹11.68 Cr) |
| Net Offered to Public | 62,65,600 shares (aggregating up to ₹45.74 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,94,76,618 shares |
| Share Holding Post Issue | 2,44,76,618 shares |
Ritco Logistics IPO offers total 66,00,000 shares. Out of which 31,32,800 (47.47%) allocated to NII, 31,32,800 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,34,400 (5.07%) |
| NII (HNI) Shares Offered | 31,32,800 (47.47%) |
| Retail Shares Offered | 31,32,800 (47.47%) |
| Total Shares Offered | 66,00,000 (100.00%) |
Ritco Logistics IPO opens on January 28, 2019, and closes on January 30, 2019.
| IPO Open Date | Mon, Jan 28, 2019 |
| IPO Close Date | Wed, Jan 30, 2019 |
| Tentative Allotment | Mon, Feb 4, 2019 |
| Initiation of Refunds | Tue, Feb 5, 2019 |
| Credit of Shares to Demat | Wed, Feb 6, 2019 |
| Tentative Listing Date | Thu, Feb 7, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 30, 2019 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,16,800 |
| Retail (Max) | 1 | 1,600 | ₹1,16,800 |
| HNI (Min) | 2 | 3,200 | ₹2,33,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Ritco Logistics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Warehouse development | 3.81 |
| 2 | Technology up gradation / development of Digital Platform | 2.47 |
| 3 | Fleet Centre Up gradation / development | 1.10 |
| 4 | Funding the working capital requirements of the Company | 24.80 |
| 5 | General corporate purposes | 0.63 |
[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...
| Listing Date | February 7, 2019 |
| BSE Script Code | 542383 |
| NSE Symbol | RITCO |
| ISIN | INE01EG01016 |
| Final Issue Price | ₹73 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹77.40 |
| Low | ₹73.55 |
| High | ₹77.40 |
| Last Trade | ₹73.55 |
Ritco Logistics Ltd.
508, 5th Floor,
Jyoti Shikhar Tower, District Centre,
Janakpuri,
Delhi, New Delhi, 110058
Phone: +91-0124- 4702300
Email: cs@ritcologistics.com
Website: http://www.ritcologistics.com/
MUFG Intime India Pvt.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 is a SME IPO of 66,00,000 equity shares of the face value of ₹10 aggregating up to ₹48.18 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on January 28, 2019, and closes on January 30, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ritco Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Ritco Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ritco Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ritco Logistics IPO opens on January 28, 2019 and closes on January 30, 2019.
Ritco Logistics IPO lot size is 1600, and the minimum amount required for application is ₹1,16,800.
You can apply in Ritco Logistics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thursday, February 7, 2019.
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