Business Standard

Ritco Logistics Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

48.18 cr

Price Range (₹)

73

Lot Size

1600

Min Investment (₹)

1,16,800.00

Listing Exchange

BSE - SME

Open Date

28-Jan-2019

Close Date

30-Jan-2019

Listing Date

07-Feb-2019

Ritco Logistics Ltd News

    The Shares of Ritco Logistics Ltd have now been listed.

    Ritco Logistics Ltd IPO Details

    Initial public offer of 66.00.000 equity shares of face value of Rs. 10/- each (equity shares) of Ritco Logistics Limited (company or offerer) for cash at a price of Rs.73/- per equity share (including a share premium of Rs. 63/- per equity share) aggregating Rs. 48.18 Crores (the offer) consisting of a fresh issue of 50.00.000 equity shares agregating Rs. 36.50 Crores (fresh issue) and an offer for sale of 16,00,000 equity shares including 8,33,000 equity shares by sanjeev kumar elwadhi and 7,67,000 equity shares by man mohan pal singh chadha (the selling shareholder(s)) aggregating Rs. 11.68 Crores (offer for sale). the offer includes a reservation of 3,34,400 equity shares of face value Rs. 10/- lach at a price of Rs. 73/- per equity' share aggregating 2.44Crores for subscription by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. net offer of 62,65,600 equity shares of face value of i 10/- lach for cash at a price of Rs. 73 /- per equity' share, aggregating Rs. 45.7389 Crores is hereinafter refered to as the net offer. the offer and the net offer constitutes 26.96% and 25.60 % respectively of the post offer paid up equity' share capital of the company.The face value of equity shares is Rs.10 each.The offer price is Rs.73 per equity shares.

    Objective of issue

    Warehouse Development. Technology up gradation/development of Digital Platform. Fleet Centre Up gradation/Development. Funding the workring capital requirements of the company. General Corporate purposes.

    Ritco Logistics Ltd Contact Details

    Ritco Logistics Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@ritcologistics.com

    Website - www.ritcologistics.com