
Industrials · BSE
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.
Price Band
₹71 – ₹73
Issue Size
₹48.00 Cr
Lot Size
1600 shares
GMP
Est. Listing
₹73
at current GMP
Subscribed
—
Open
28 Jan 2019
Close
30 Jan 2019
Allotment
5 Feb 2019
Refund
6 Feb 2019
Demat Credit
7 Feb 2019
Listing
7 Feb 2019
Designated Registrar: Link Intime India Private Limited
Allotment Date
5 Feb 2019
Basis finalization
Refunds Initiate
6 Feb 2019
Mandate release
Demat Credit
7 Feb 2019
Shares in demat
Listing Debut
7 Feb 2019
Trading begins
Ritco Logistics Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹48 Crores. The shares are offered at a price band of ₹71 to ₹73 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,16,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-02-07, while un-allotted funds or UPI block mandates will be released on 2019-02-06.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.