RITES Limited IPO Update

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RITES Limited IPO Opens today on Indian Exchanges. As of 12:30 pm, RITES Limited generated 16% subscription.

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.

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

Learn what brokers and experts are thinking about the RITES Limited IPO by referring the table below.

 

Reviews by

Reviewer Category

Recommendations

GEPL Capital

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Mehta Equities

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NA

Dilip Davde

Individual

Subscribe

Capital Market

Company

Avoid, however active risk seekers can try(43/100)

ICICI Direct

Company

Subscribe

HDFC

Company

NA

India Infoline

Company

NA

Ajcon Global

Company

Subscribe

Choice Broking

Company

Subscribe

 

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