Ritco Logistics IPO – Upcoming IPO of Ritco Logistics Limited
Ritco Logistics IPO: Ritco Logistics Limited is issuing IPO (Initial Public Offering) from 28-January-2019 to 30-January-2019.
Ritco Logistics Limited is a Delhi-NCR Based Leading Logistics Company.
Ritco Logistics IPO Issue Details
|Issue Type||Book-Built Issue IPO|
|Face Value||Rs 10 per Equity Share|
|Issue Price||Rs 71-73 per Equity Share|
|Issue Size||6, 600,00 equity shares of Rs 48.18 Crores|
|Minimum Order||1600 Shares|
(Read: IPO process in India Steps)
Ritco Logistics IPO: Objects of the Issue
According to Ritco Logistics Limited, this offer comprises the fresh issue by the company and an offer for sale by the selling shareholders. The objects of the issue are the following:-
- Warehouse development,
- Technology upgradation, development of the digital platform,
- Fleet centre upgradation/development,
- Funding the working capital requirements of the company, and
- General Corporate Purpose.
About Ritco Logistics Limited
Ritco Logistics Limited, established in the year 2001. It is an integrated supply-chain solution company, engaged in providing land base logistics, warehouse and other value-added services in India. It offers broad, integrated freight transportation service under bulk load, dedicated load, full truck load etc services. It also offers technology-enabled logistic services to corporate customers. As of 30-Sep-2018, the total asset of the company is Rs 17,894.47 Crores and the total revenue is 20,860.31 crores.
Promoters: Sanjeev Kumar Elwadhi and Man Mohan Pal Singh Chadha.
Address of the Company: Ritco House, 336, Phase II, Udyog Vihar, Sector 20, Gurugram, Haryana 122006.
Lead Manager to the Ritco Logistics IPO
Pantomath Capital Advisors Private Limited
406-408, Keshava Premises, Behind Family Court, Bandra Kurla, Complex, Bandra East, Mumbai – 400 051, Maharashtra, India
Telephone: +91 22 6194 6700
Registrar to the Ritco Logistics IPO
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083, Maharashtra, India
Telephone: +91 22 49186200
Please go through this draft prospectus for more detailed information.
Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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