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Open
28 Jan 2019
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Close
30 Jan 2019
3
Allotment
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Listing
Thu, Feb 7, 2019
Price Band
₹71 to ₹73
Issue Size
66,00,000 shares (agg. up to ₹48 Cr)
Lot Size
1,600 Shares
Listing Date
Thu, Feb 7, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.28x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 178.94 | 154.03 | 97.08 | 89.90 |
| Total Income | 208.60 | 343.91 | 328.96 | 314.16 |
| Profit After Tax | 6.21 | 10.28 | 3.82 | 1.44 |
| EBITDA | 24.73 | 29.02 | 14.51 | 9.45 |
| NET Worth | 54.16 | 47.95 | 37.67 | 33.85 |
| Reserves and Surplus | 34.68 | 28.47 | 24.23 | 20.41 |
| Total Borrowing | 116.62 | 95.84 | 52.81 | 52.80 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| DRS Dilip Roadlines Ltd. | SME | ₹31.50 Cr | ₹75 | null | ₹75.15 | +0.20% | ₹110.00 (-3.13%) |
| Accuracy Shipping Ltd. | SME | ₹35.76 Cr | ₹84 | null | ₹86.10 | +2.50% | ₹4.87 (-2.80%) |
| Shree Vasu Logistics Ltd. | SME | ₹9.29 Cr | ₹45 | null | ₹48.50 | +7.78% | ₹745.30 (+4.99%) |
| AVG Logistics Ltd. | SME | ₹33.06 Cr | ₹107 | null | ₹118.55 | +10.79% | ₹201.59 (-0.32%) |
| Orissa Bengal Carrier Ltd. | SME | ₹16.69 Cr | ₹30 | null | ₹33.45 | +11.50% | ₹53.45 (+0.00%) |
Objects of the Issue
| # | 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 |
About Ritco Logistics IPO
Incorporated in 2001, Delhi based Ritco Logistics Limited is a company engaged in the business of providing goods transport service along with warehousing facilities. The company provides a range of services including Contract Logistics, Less than Truck Load (LTL) and Fleet Rental Services. The company primarily serves to industrial customers who need to transport bulk quantities of their goods within India. The major portion of the revenue comes from Contract Logistics. In 2017-18, Contract Logistics services contributed 78.73% of total revenue. The company has built a widespread transportation network of 30 branches in 14 States and 1 Union Territory across India. It owns a fleet of 256 heavy commercial trucks of different sizes and carrying capacities. The total revenue of the Company stood at Rs. 343.91 crores, Rs. 328.96 crores and Rs. 314.16 crores for 2018, 2017 and 2016 respectively. The PAT for the same period was Rs. 10.27 crores, Rs. 3.80 crores and Rs. 1.44 crores respectively. The company has 342 full-time employees on its payroll. Business Overview20+ years of experience, an integrated supply chain solution company driven by technologyOptimal mix of 3PL & assets base
Contact Details
Ritco Logistics Ltd. Address508, 5th FloorJyoti Shikhar Tower, District CentreJanakpuriDelhi, New Delhi, 110058+91-0124- 4702300cs@ritcologistics.comVisit Website