Bookbuilding IPO | ₹48 Cr | Listed at BSE SME | Mon, Jan 28, 2019 - Wed, Jan 30, 2019
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jan 28, 2019
IPO Close
Wed, Jan 30, 2019
Issue Price
₹73 per share
Market Cap (Pre-IPO)
₹178.68 Cr
| IPO Date | 28 to 30 Jan, 2019 |
| Listed on | Thu, Feb 7, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹73 |
| Issue Price | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 66,00,000 shares (agg. up to ₹48 Cr) |
| Reserved for Market Maker | 3,34,400 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 46,65,600 shares (agg. up to ₹34 Cr) |
| Offer for Sale | 16,00,000 shares of ₹10 (agg. up to ₹12 Cr) |
| Net Offered to Public | 62,65,600 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 1,94,76,618 shares |
| Share Holding Post Issue | 2,44,76,618 shares |
| BSE Script Code | 542383 RITCO |
| ISIN | INE01EG01016 |
Ritco Logistics IPO comprises a total issue size of 66,00,000 shares. The net offer to the public is 62,65,600 shares, after excluding 3,34,400 shares allotted on a firm basis. Of the Net offer 31,32,800 (50.00%) allocated to NII 31,32,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,32,800 | 50.00% | 47.47% |
| Retail Shares Offered | 31,32,800 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,34,400 | 5.07% | |
| Total Shares Offered | 66,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Business Overview
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Ritco Logistics IPO is subscribed 1.39 times on January 30, 2019 7:49:01 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.82 | 31,32,800 | 57,10,400 |
| Retail | 0.96 | 31,32,800 | 30,06,400 |
| Total | 1.39 | 62,65,600 | 87,16,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 3.80 |
| 2 | Advertising and marketing expenses | 0.15 |
| 3 | Fees payable to the Legal Advisors | 0.01 |
| 4 | Fees payable to the Registrar to the Offer | 0.02 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.05 |
| 6 | Printing and distribution of offer stationary | 0.03 |
| 7 | Brokerage and selling commission payable to Syndicate | 0.11 |
| 8 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 10 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them | |
| 11 | Others (bankers to the Offer, auditor‘s fees etc.) | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹77.40 |
| Low | ₹73.55 |
| High | ₹77.40 |
| Last Trade | ₹73.55 |
Lead Manager Reports
Ritco Logistics IPO is a SME IPO of 66,00,000 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Jan 28, 2019, and closes on Wed, Jan 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 Mon, Jan 28, 2019 and closes on Wed, Jan 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 Wed, Feb 6, 2019. Check the Ritco Logistics IPO allotment status.
The Ritco Logistics IPO listing date is on Thu, Feb 7, 2019.
