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Ritco Logistics

Incorporated in 2001, Delhi-based Ritco Logistics Limited provides goods transport and warehousing services, specializing in Contract Logistics, Less than Truck Load (LTL), and Fleet Rental services for industrial customers across India. Contract Logistics forms the bulk of its revenue, contributing 78.73% in 2017-18. The company operates a network of 30 branches across 14 states and 1 union territory and owns a fleet of 256 heavy commercial trucks. Ritco Logistics reported revenues of ₹343.91 Cr, ₹328.96 Cr, and ₹314.16 Cr for 2018, 2017, and 2016, with PAT of ₹10.27 Cr, ₹3.80 Cr, and ₹1.44 Cr, respectively. The company employs 342 full-time staff.

DRHP
₹71 - ₹73Open
Listed Price₹73.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open28 Jan 2019
Close30 Jan 2019
Allotment05 Feb 2019
Listing07 Feb 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker3,34,400 shares
5.07%
HNI31,32,800 shares
47.47%
Retail31,32,800 shares
47.47%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,16,800
HNI2 Lots (3,200 shares)
₹2,33,600

Company Promoters

Mr. Sanjeev Kumar ElwadhiMr. Man Mohan Pal Singh Chadha

Company Background

Incorporated in 2001, Delhi-based Ritco Logistics Limited provides goods transport and warehousing services, specializing in Contract Logistics, Less than Truck Load (LTL), and Fleet Rental services for industrial customers across India. Contract Logistics forms the bulk of its revenue, contributing 78.73% in 2017-18. The company operates a network of 30 bra...

Lead Managers & Bankers

Pantomath Capital Advisors Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sept-18)₹20860.31 Cr
Growth-33.6%
Revenue Trend (₹ in Crores)
0.013.2k26.4k39.6kMar-16Mar-17Mar-18Sept-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sept-1820,860.31621.1817,894.470
Mar-1834,391.491,027.9515,403.430
Mar-1732,896.06381.839,707.730
Mar-1631,416.47143.678,989.980

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
05 Feb 2019
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
07 Feb 2019

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Ritco Logistics. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization05 Feb 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date07 Feb 2019Trading commences on exchange

How to Check Ritco Logistics Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Ritco Logistics from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Ritco Logistics IPO

Complete issue overview for Ritco Logistics (RITCO) IPO. The issue features an equity share price band of ₹71 – ₹73 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,16,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions