RITES Limited IPO Reviews

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Read the exclusive Reviews & Recommendations on RITES Limited IPO by Market Experts. 

RITES IPO Reviews Summary Table

RITES Limited Review by

Reviewer Type

Recommendations

GEPL Capital

Company

Subscribe

Mehta Equities

Company

Subscribe

Dilip Davde

Individual

Subscribe

Capital Market

Company

Must subscribe(55/100)

ICICI Direct

Company

Unrated

HDFC

Company

NA

India Infoline

Company

Rightly Placed (55/100)

Company Overview:

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

Objects of the Issue:

The objective of the Offer are-
-       To carry out the disinvestment of Equity Shares held by the Selling Shareholder in the Company,
-       To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

RITES: Consolidated Financials

 

1303(12)

1403(12)

1503(12)

1603(12)

1703(12)

1712(09)

Net Sales

955.63

1096.49

1012.69

1090.53

1353.36

936.15

OPM (%)

22.80%

25.60%

34.30%

32.70%

26.50%

32.00%

OP

217.67

281.05

346.96

356.38

358.28

299.65

Other in.

127.42

126.98

146.42

136.2

209.92

124.91

PBDIT

345.09

408.04

493.37

492.57

568.2

424.57

Interest

0

0

0

4.71

11.33

5.27

PBDT

345.09

408.04

493.37

487.86

556.87

419.29

Dep.

15.52

20.35

26.15

34.64

38.26

27.68

PBT

329.57

387.69

467.22

453.22

518.61

391.61

EO

0

0

0

0

0

0

PBT after EO

329.57

387.69

467.22

453.22

518.61

391.61

Tax (including Deferred Tax)

102.97

124.4

156.03

167.69

145.38

136.76

PAT

226.59

263.29

311.19

285.53

373.23

254.85

Share of Associates

6.6

-2.68

1.03

-2.6

-11.47

-2.31

PAT after MI and share of Associates

233.19

260.61

312.22

282.93

361.76

252.54

EPS (Rs)*

11.7

13

15.6

14.1

18.1

#

*EPS is on post issue equity capital of Rs 200 crore of face value of Rs 10 each

# EPS not annualised due to seasonality of business

Figures in crore

Financials Source: Capitaline Database

 
Disclaimer : Please note that the recommendations given by expert(s)/company(-ies) is/are their opinions and views. Neither Samco Securities nor any associated entities take the responsiblities of the recommendations. Investors are suggested to conduct proper due diligence before investing in IPOs as Investments are subject to market risks. For detailed information visit policy section on https://www.samco.in/policies

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