Day 1 of RITES Limited IPO Ends with 60% Subscription !!!

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Day 1 of RITES Limited IPO turns out to be Good as the at the end of the day the IPO got subscribed by 60%. 

Following are the subscription figure at the end of day 1. 

 

 

Number of Times Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

 

Shares Offered / Reserved

12,000,000

3,600,000

8,400,000

1,200,000

25,200,000

 

Day 1 - Jun 20, 2018 17:00 IST

0.0189

0.1854

1.6495

0.2291

0.5948

 

RITES Limited is an ISO 9001:2008  a mini ratna (Category–I) Schedule A public sector enterprise involved in consulting for transportation and infrastructural projects for clients. The company operates under the aegis of Indian Railways in delivering projects for Indian as well as foreign companies.

Issue Details:

Following are the IPO Key details of RITES Limited IPO:
-      The IPO opens on 20 June 2018
-      The IPO closes on  22 June
-      Price Band: Rs. 180 – 185 (Discount of Rs. 6 per share to eligible employees and retail individual investors)
-      Issue Size : Rs 466 Crore
-      No. of Shares on Offer: 20 Crore
-      Bid Lot:80 Shares
-      Face Value : Rs 10 per equity share

For more information rites limited ipo, visit IPO News Section

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