RITCO Logistics Limited IPO
(i) 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.
(ii) 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.
(iii) Marquee Customers of RITCO Logistic:
The goods transportation service business serves a broad range of industries such as Petrochemicals, Petroleums, Metals, Textiles, Fast Moving Consumer Goods (FMCG), Automobiles and Pharmaceuticals, with major contribution from Petrochemicals segment.
Few of the esteemed customers iincludeGail India Limited, Mangalore Refinery & Petrochemicals Ltd., Steel Authority of India Limited, Indian Synthetic Rubber Private Limited (joint venture of Indian Oil Corporation Limited), MCPI Private Limited, Hindustan Unilever Limited, Exide Batteries Ltd., Patanjali Parivahan Pvt. Ltd., Indian Oil Corporation Ltd. etc.
As on date of Draft Red Herring Prospectus, they have ongoing contracts with Government enterprises such as ONGC Petro-additions Ltd, Brahmaputra Cracker and Polymer Limited, Mangalore Refinery and Petrochemicals Limited, Steel Authority of India Limited, Haldia Petrochemicals Limited and esteemed Public Companies such as MRF Limited, Hindustan Unilever Ltd., JK Tyre & Industries Ltd., Emami Limited, Perfetti Van Melle India Pvt. Ltd etc. for providing contract logistics solutions.
(iv) Financials of RITCO Logistic:
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.
Objects of the RITCO Logistics Limited IPO:
RITCO Logistics Limited IPO Details:
|Open Date:||Jan 28 2019|
|Close Date:||Jan 30 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Build Issue IPO|
|Issue Size:||48.18 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 71-73 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Feb 07 2019|
Promoters And Management:
Financials of RITCO Logistics Limited IPO:
|Year||Revenue(lacs)||PAT(lacs)||EBITDA Margins||Profit Margins||Outstanding Shares(lacs||EPS|
|Year||D/E [<1.5]||Current Ratio|
Comparison With Peers:
Recommendation on RITCO Logistics Limited IPO:
Lead Manager of RITCO Logistics Limited IPO:
Registrar of RITCO Logistics Limited IPO:
Bid Details of RITCO Logistics Limited IPO as on
30 Jan 2019 | 05:00:00 PM
|Category||No.of shares offered||No. of shares bid|