RITES Limited IPO

Add to Calendar 2018-06-20 12:00 AM 2018-06-22 12:00 AM Asia/Kolkata RITES Limited IPO RITES Limited India

RITES Limited is an ISO 9001:2008 government organization 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.

Date of Incorporation: The company was incorporated on 26th April, 1974 in Delhi

Promoters of RITES Ltd : President of India is the sole promoter of the company acting through the MoR.

Products and services offered: The company offers multi-disciplinary consultancy services in the area of transportation, infrastructure and related technologies. The company also takes up foreign projects where it creates partnerships with local organizations to deliver its services and expertise

Customer segments: The clientele base of Rites limited include various central and state government ministries, departments, instrumentalities as well as local government bodies and public sector undertakings.

Objective 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.

Company Financials:

Particulars

For the year/period ended (in Rs. Millions)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

48,031.69

44,092.06

36,056.30

36,363.82

32,867.96

 

Total Revenue

15,637.21

12,267.27

11,591.07

12,234.70

10,830.52

 

Profit After Tax

3,624.16

2,827.31

3,122.88

2,605.36

2,330.57

 

Issue Detail

  • Issue Open: Jun 20, 2018
  • Issue Close: Jun 22, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 180 - Rs 185 Per Equity Share
  • Bid Lot:80 Shares
  • Minimum Order Quantity:80 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 466.20 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 12,000,000 3,600,000 8,400,000 1,200,000 - 25,200,000
Day 1 - Jun 20, 2018IST 0.0189 0.1854 1.6495 0.2291 - 0.5948
Day 2 - Jun 21, 2018IST 0.3176 0.4894 5.5942 0.5678 - 2.1096
Day 3 - Jun 22, 2018IST 71.7126 194.5614 14.2401 0.9614 66.7392

Listing Day Trading Information

- BSE NSE
Issue Price Rs 185 Rs 185
Open Rs 190 Rs 190
Low Rs 190 Rs 190
High Rs 224.40 Rs 224.50
Last Trade Rs 212.70 Rs 213.30
Volume 5,566,077 49,663,840

RITES Limited Red Herring Prospectus

RITES Limited User Rating

Votes
0

RITES Limited Life IPO Reviews

RITES Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

  • Mike

    Latest GMP of RITES Limited As on 20-Jun-18 @ 11:00 am GMP INR 35 - 37 | Kostak 400 | S2 N/A

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us