Ritco Logistics Ltd.
 
Ritco House, 336, Phase - II, Udyog Vihar, Gurgaon, Haryana - 122006
Phone: 4702300

Public Issue of 6600000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 63.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
28/01/201930/01/201973.00 -
Lead Managers Registrar Listed at
HEM SECURITIES LTD.
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,, Vikhroli (West),
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
Object of the issue

The Issue includes a fresh Issue of up to 50,00,000 Equity Shares of the Company at an Issue Price of Rs.per Equity Share and Offer for Sale of up to 16,00,000 Equity Shares Company at an Issue Price of Rs.per Equity Share. We intend to utilize the proceeds of the Issue to meet the following objects:-

Offer for Sale

The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares after deducting their portion of the Issue related expenses and relevant taxes thereon. the Company will not receive any proceeds from the Offer for Sale. All expenses in relation to the Offer other than the listing fee (which shall be borne by the Company) shall be shared among the Company and the Selling Shareholders in accordance with applicable laws. The Selling Shareholders shall reimburse the Company for all expenses incurred in relation to the Offer for Sale on behalf of such Selling Shareholder. the Company will not receive any proceeds from the Offer for Sale.

Fresh Issue

the Company intends to utilize the Net Proceeds from the Fresh Issue towards the following objects:

1. Prepayment or repayment of a portion of Bank Borrowings,
2. To meet Working Capital Requirements,
3. To meet General Corporate Purposes.

Promoted by

The Promoter of the company are Mr. Man Mohan Pal Singh Chadha and Mr. Sanjeev Kumar Elwadhi

1. Mr. Man Mohan Pal Singh Chadha : he is the President and Chief Financial Officer of the Company. He is one of the founding promoters of the company. He has completed his Bachelor of Commerce from Delhi University. He has over 28 years of experience in the field of Transportation and Logistics. He plays a crucial role in supervision of Accounts & Finance Departmentf as well as legal matters of the Company. He is a visionary entrepreneur who is well versed with Transportation & Logistics Industry and has been playing a key role in the growth of the Company with his inputs in strategic planning and business development.

Driving License Number : P - 98090524

Voter Identification Card Number : TER 1666221

2.Mr. Sanjeev Kumar Elwadhi : he is the Chairman and Managing Director of the Company. He is one of the founding promoters of the Company. He has completed his Bachelor of Commerce from Delhi University. He has over 30 years of experience in the field of Transportation and Logistics. In 1996, he along with Mr. Man Mohan Pal Singh Chadha, started “Ritco Kirti Associates Private Limited” with an object to carry on the transportation business. In order to expand the transport business operations, Ritco Logistics Private Limited was promoted in 2001 and in 2008 Ritco Kirti Associates Private Limited was amalgamated in Ritco Logistics Private Limited. Mr. Sanjeev Kumar Elwadhi is currently involved in oversight of the day-to-day affairs of the Company, as a Managing Director. He plays a crucial role in business development particularly related to Contract logistics & Fleet Management. He also oversees IT-Development, Human Resthece Department and overall Administration of the Company. Under his leadership, the Company has been successful in expanding the customer base and revenue growth of the Company.

Driving License Number : DL-0420030287161

Voter Identification Card Number |: WDC0719997