Ritco Logistics is an integrated supply chain solution company, providing land base logistics, warehouse and other value-added services in India. It was incorporated on December 27, 2018.
| Bidding Dates |
|---|
| 28 Jan 2019 - 30 Jan 2019 |
| Subscription |
|---|
| 1.39x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,800 | 1 | 1 | 1600 | 6.6 M | ₹71 - ₹73 | 73.04 % | ₹468.6 M - ₹481.8 M | RHP DOC |
Ritco Logistics IPO SUBSCRIPTION STATUS
30 Jan '19Ritco Logistics IPO overall subscription rate was 1.39 times the total available shares
Ritco Logistics IPO retail subscription rate was 0.96 times in the retail segment
Ritco Logistics IPO non-institutional investor subscription rate was 1.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
28 Jan 2019 (Day 1) | 0.06x | 0.63x | - |
29 Jan 2019 (Day 2) | 0.23x | 1.06x | - |
30 Jan 2019 (Day 3) | 0.96x | 1.82x | - |
Ritco Logistics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY19 | 62.1 | 2,082.4 | 39.0 | -92.2 | 11.9% |
| FY18 | 102.8 | 3,428.8 | -6.8 | -322.9 | 8.4% |
| FY17 | 38.2 | 3,259.0 | 80.2 | 64.1 | 4.4% |
| FY16 | 14.4 | 3,135.3 | -42.5 | -107.1 | 3.0% |
Ritco Logistics IPO SUBSCRIPTION STATUS DETAILS
Ritco Logistics had 6.6 M shares on offer
Ritco Logistics IPO offer price was in the range ₹71 - ₹73
Ritco Logistics IPO minimum Investment was ₹116800
Ritco Logistics IPO issue size was ₹ 468.6 M - ₹ 481.8 M
Ritco Logistics had a minimum lot size of 1600 Shares per application
Ritco Logistics NUMBER OF SHARES ON OFFER
Ritco Logistics IPO IMPORTANT DATES
| Issue Open Date | 28 Jan 2019 |
| Issue close Date | 30 Jan 2019 |
| Allotment Date | 04 Feb 2019 |
| Refund Date | 05 Feb 2019 |
| Demat Account Credit Date | 06 Feb 2019 |
| Listing Date | 07 Feb 2019 |
| Listing on Exchange(s) | BSE |
| Ritco Logistics Allotment Status | Exchange |
Ritco Logistics IPO subscription opened on 28 Jan 2019, and closed on 30 Jan 2019
IPO allotment for Ritco Logistics was finalized on Monday, 04 Feb 2019
IPO listing for Ritco Logistics was on BSE on Thursday, 07 Feb 2019
Ritco Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 73.0 |
| Listing Open Price | 77.4 |
| Listing Close Price | 73.5 |
| Listing Gain% | 6.0% |
| Current Gain% | 315.5% |
Ritco Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ritco Logistics Ltd. | 303.3 | 742.4 | 23.9 | -1.6 | 0.6 | 9.9 | 4.2 | 1505.4 | 25.9 | 36 | -14.7 | 12.7 | -14.5 |
| Container Corporation of India Ltd. | 505.7 | 38515 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 483.4 | 36209.3 | 387.1 | -7.3 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 251.9 | 14746 | 87.2 | 3.1 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5134.5 | 12183.1 | 42.4 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 298.8 | 5226.2 | 19.6 | 0.9 | 1.6 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Ritco Logistics INFORMATION ON IPO ISSUE
About Ritco Logistics
Ritco Logistics is an integrated supply chain solution company, providing land base logistics, warehouse and other value-added services in India. It was incorporated on December 27, 2018.
Object of the Issue
- Prepayment or repayment of a portion of bank borrowings
- To meet working capital requirements
- To meet general corporate purposes
Ritco Logistics - PROMOTERS
| Name |
|---|
| Man Mohan Pal Singh Chadha |
| Sanjeev Kumar Elwadhi |
Ritco Logistics Lead Manager to the issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Ritco Logistics Registrar to the Offer
Link Intime India Private Limited
ritco.ipo@linkintime.co.in
Ritco Logistics Strengths
Customer-focused operation process
The company focus on customer relationship and understanding customer’s current and future challenges and needs
Integrated supply-chain management
The company has developed a differentiated business model having an optimal mix of “3PL” business along with necessary assets and as a part of a wide range of solutions including transportation and distribution, warehousing and other value-added services
Built-in cost reductions program
The company has implemented a comprehensive business program to improve operational efficiency
Ritco Logistics Risks
Litigations
The company, promoters and directors are currently involved in certain litigations which are currently pending at various stage
Time bound contracts
The company's contracts with clients are generally time bound and contain clauses for termination of contract and any failure to renew existing contracts within the anticipated timeframe may adversely affect the business
IPO FAQs
Ritco Logistics Ltd. IPO listing opened at Rs 77.40 while the issue price was Rs 73.00 giving 6.03% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 73.00 giving 315.48% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 11.7 crore, of 1,600,000 shares. It also consists of a fresh issue of Rs 36.5 crore.
The promoters of the company are Man Mohan Pal Singh Chadha and Sanjeev Kumar Elwadhi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 71.0 - 73.0.
The IPO application opens on Jan 28, 2019 and closes on Jan 30, 2019.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 116,800.0, the maximum value for this IPO is Rs 116,800.0.
This IPO will be allotted on Feb 04, 2019.
The refund will be credited to your account on Feb 05, 2019.
The allotted shares will be credited to your demat on Feb 06, 2019.
Ritco Logistics Ltd.’s shares listed on the stock exchanges on Feb 07, 2019.