Ritco Logistics Limited Two Hundred and Eighty Third Company to get listed on BSE SME Platform
Mumbai, February 7, 2019: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Ritco Logistics Limited became 283rd company respectively to get listed on the BSE SME Platform on February 07,2019. Ritco Logistics Limited came out with an initial public offering of 66,00,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.73/- Per Equity Share (The “Offer Price”), Aggregating to Rs. ’4,818.00’ lacs. The company has successfully completed its public issue on January 30, 2019.
Ritco Logistics Limited is a Haryana based company whose registered office is at New Delhi. The Company is engaged in supply chain solution, providing land base logistics, warehouse and other value-added services in India. The company offers a broad, integrated freight transpiration service under bulk load, dedicated load (to-and-fro), full truck load (FTL) and less than truck load (LTL) utilizing company owned fleets or through independent third party-operator; and other ancillary services such as warehouse and value-added services. We offer technology-enabled logistic and other distribution solution designed primarily for the corporate customer.
Mumbai based Pantomath Capital Advisors Private Limited was the lead manager for Ritco Logistics Limited.
The 283 companies listed on BSE SME Platform have raised Rs.2903.72 crores from the market and total market capitalization of 283 companies as on February 07, 2019 is 18,385.11 Crores. BSE is the market leader in this segment with a market share of 59.58 percent.
The response since the launch of this platform by BSE has been very positive and till date, the following 282 companies have already listed on this platform.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).
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Media Contact:
Yatin Padia / Rahul Vyas
022 2272 8516 / 2272 8472
yatin.padia@bseindia.com/rahul.vyas@indiainx.com