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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

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