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RITES Limited IPO (RITES Limited IPO) Detail

Jun 20, 2018 - Jun 22, 2018

Incorporated in 1974, RITES Ltd. is a Government of India Enterprise, under the aegis of Indian Railways. RITES Ltd., an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.

Since its inception, the company has evolved from providing transport infrastructure consultancy and quality assurance services and have developed expertise in:

1. Design, engineering and consultancy services in transport infrastructure sector with a focus on railways, urban
transport, roads and highways, ports, inland waterways, airports, and ropeways;
2. Leasing, export, maintenance, and rehabilitation of locomotives and rolling stock;
3. Undertaking turnkey projects on engineering, procurement and construction basis for the railway line, track doubling, 3rd line, railway electrification, up gradation works for railway transport systems and workshops, railway stations,
and construction of institutional/ residential/ commercial buildings, both with or without equity participation; and
4. Wagon manufacturing, renewable energy generation and power procurement for Indian Railways through collaborations by way of joint venture arrangements, subsidiaries or consortium arrangements.

In India, the clients include various central and state government ministries, departments, instrumentalities as well as local government bodies and public sector undertakings. These include Indian Railways, NTPC, Dedicated Freight Corridor Corporation of India Limited, High Speed Rail Corporation of India Limited, Public Works Department, DMRC, Steel Authority of India Limited, Rashtriya Ispat Nigam Limited, Hindustan Petroleum Corporation Limited, Bharat Coking Coal Limited, Metro Link Express for Gandhinagar and Ahmedabad (MEGA) Company Limited, Indian Port Rail Corporation Limited, Airports Authority of India, among others. The company also engages with various large private sector corporations including L&T Metro Rail (Hyderabad) Limited, Kanti Bijlee Utpadan Nigam Limited (KBUNL), Cimmco Limited, Titagrah Wagons Limited, Snowmex Engineers Limited, Unity Infraprojects Limited, Rajdeep Buildcon Private Limited, Mahalsa Constructions Private Limited, Marymatha Constructions Limited, AFCON Infrastructure Limited, INCAP, ARK Services, MNEC Consultants Private Limited, Indian Geotechnical Services Limited, Geokno India Private Limited and NATRIP Implementation Society among others.

Company Promoters:

The Promoter of the company is the President of India acting through the MoR. The Promoter currently holds, directly and indirectly (through his nominees), 100% of the pre-Offer paid-up Equity Share capital of the Company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The objects of the Offer are-
1. To carry out the disinvestment of 24,000,000 Equity Shares held by the Selling Shareholder in the Company, equivalent to 12% of the issued, subscribed and paid up Equity Share capital of the Company as part of
the Net Offer, and such Equity Shares that may be reserved for Employee Reservation Portion, if any, subject to necessary approvals
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Issue Detail:

  »»  Issue Open: Jun 20, 2018 - Jun 22, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 25,200,000 Equity Shares of Rs 10 aggregating up to Rs 466.20 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 180 - Rs 185 Per Equity Share
  »»  Market Lot: 80 Shares
  »»  Minimum Order Quantity: 80 Shares
  »»  Listing At: BSE, NSE

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RITES Limited IPO Prospectus

RITES Limited IPO Rating

651
4.0
Rating:Rated 4.0 stars

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RITES Limited IPO News Alerts

  1. Friday, June 22, 2018 12:00:00 AM
    RITES Limited IPO Closes on Jun 22, 2018
  2. Wednesday, June 20, 2018 12:00:00 AM
    RITES Limited IPO Opens on Jun 20, 2018

Company Contact Information

RITES Limited
RITES Limited
Scope Minar
Laxmi Nagar, Delhi - 110 092
Phone: +91 11 22024610
Fax: +91 11 22024660
Email: cs@rites.com
Website: http://ritesltd.com/

RITES Limited IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: rites.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

RITES Limited IPO Lead Manager(s)

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RITES Limited IPO Review / Comments

avatar
110. Tinkerbell  Jun 19, 2018 3:33:15 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 900+ Likes)
J&K govt regines
BJP go out from alliance
Nifty down 90+
what about this ipo now??
avatar
109. AhireR  Jun 18, 2018 9:06:26 AM IST I Like It. | Report Abuse Reply
Off the topic
What is possibility that all our shares will get accepted for TCS buyback just like infosys last year??
avatar
109.8. Dhan Ki Baat  Jun 19, 2018 11:50:23 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
How much time it takes for a buyback to get completed once record date is announced?
avatar
109.9. Purshotam Agarwal  Jun 19, 2018 2:10:32 PM IST I Like It. 2 | Report Abuse
In last Buyback of TCS, acceptance ratio of Retail category was 100% (25/25) and in Infy Buyback acceptance ratio of Retail category was 52.50% (105/200), as i have participated in both buyback's.
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108. Bullian trader  Jun 19, 2018 1:20:34 PM IST I Like It. 1 | Report Abuse Reply
9 tcs will give more return than rites
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107. Bullian trader  Jun 19, 2018 1:18:34 PM IST I Like It. 2 | Report Abuse Reply
This ipo is not looking good so wait for listing it may open in red if open in red than buy it
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106. Aniketiaf  Jun 19, 2018 12:18:30 PM IST I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 3100+ Likes)
Gmp of Rites is 32-35
Gmp of Fine Organic is 40-44.
avatar
105. Naresh Ajmera  Jun 18, 2018 7:35:10 PM IST I Like It. | Report Abuse Reply
HELLO FRIENDS ANYBADY CAN SAY ABOUT BHARAT 23-EFT - I WANT TO INVEST APPROX 30 LAC CAN I OR NOT I HAV 20 DEMAT A/C. ALSO
avatar
105.4. vrush  Jun 18, 2018 8:34:48 PM IST I Like It. | Report Abuse
Sir, first analyst your risk profile than decide whether to go for Bharat ETF or not?
contact your financial advisor also for ur investment decision.

u can also invest in Real estate investment trust or Infrastructure investment trust.
avatar
105.5. AnkurGoel  Jun 19, 2018 10:12:28 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
You can apply if you are interested to play on 2.5% discount. Profit may be 2.5%+-0.5% if underlying stocks do not crack in coming weeks.

avatar
104. harit  Jun 18, 2018 7:47:48 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Varroc engineer
Ipo
26-28 June
Details awaited(main board ipo)
avatar
104.1. harit  Jun 18, 2018 8:00:59 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Varroc engineering Ltd
Open 26 June
Price band on 20 June
Around 2 Cr share
OEM & ODM mfg.co.
Peer group
Sandhar tech
Motherson sumi
Etc
Linkintime
avatar
104.2. harit  Jun 19, 2018 9:26:40 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Varroc engineering Ltd
26-28 June
Price band 965-967
Rii 35โ„…
Application 14505
15 share
avatar
103. aagam  Jun 18, 2018 9:55:43 PM IST I Like It. 1 | Report Abuse Reply
I there any discount for retail investor
avatar
103.1. AnkurGoel  Jun 18, 2018 9:57:21 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
6 rupee
avatar
102. Viraj.  Jun 18, 2018 9:49:33 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
RITES IPO
Gmp 35-37
avatar
101. Jaymin bhatt  Jun 18, 2018 7:53:34 PM IST I Like It. | Report Abuse Reply
Premium down to 32/- Rites fine no buyer SGX nifty -50
avatar
100. AnkurGoel  Jun 18, 2018 7:37:17 PM IST I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Credit access Garmin,
Sandhya marine,
Atria convergence approved by SEBI.
avatar
99. VIE  Jun 18, 2018 7:35:44 PM IST I Like It. 1 | Report Abuse Reply
VARROC ENGINEERING LIMITED
IPO OPEN FOR SUB. 26.06.2018 TO 28.06.2018
avatar
98. sonal patel  Jun 18, 2018 7:13:50 PM IST I Like It. 9 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 600+ Likes)
GMP of RITES is 38-40
GMP of Fine Organic is 70-75
Apply for listing gain....
avatar
97. KING VINOD  Jun 18, 2018 10:21:55 AM IST I Like It. 13 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1500+ Likes)
RITES Ltd GMP 43-47
avatar
97.1. RAJGURU  Jun 18, 2018 6:51:50 PM IST I Like It. 21 | Report Abuse
And you will disappear on listing day just like rahul gandhi in may 2014...
avatar
96. harit  Jun 18, 2018 4:38:14 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
SPT verdict "for giving a MISS"
No listing gain appear
avatar
96.2. vishwas patil  Jun 18, 2018 5:45:12 PM IST I Like It. 10 | Report Abuse
If SPT is negative apply with full force๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€
avatar
96.3. harit  Jun 18, 2018 5:48:05 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
I also think so
Why he has so conservative approach
Towards good IPOs??
avatar
95. Dilip kG  Jun 18, 2018 12:04:38 PM IST I Like It. | Report Abuse Reply
How can one apply for Bharat 22 FFP. Please advise...
avatar
95.2. Anarchist  Jun 18, 2018 4:05:54 PM IST I Like It. 8 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 1000+ Likes)
@ Dilip kG @ How can one apply for Bharat 22 FFP. Please advise...

^^^^ It's easy...Just buy insurance from 'LIC of BHARAT'... They 'll make sure, the premium money is inWasted in every BHARAT I/F/FFPOs to the last dime ...
avatar
95.3. Aniketiaf  Jun 18, 2018 4:29:52 PM IST I Like It. 6 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 3100+ Likes)
Further Fund Offer (FFO) of BHARAT 22 ETF.
FFO PERIOD
Anchor investors Jun 19, 2018
Non-anchor investors Jun 20-22, 2018
NFO PERIOD. Jun 19-22, 2018
Demat account holders can invest directly in the Further Fund Offer of BHARAT 22 ETF (An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index).
Non-demat account holders can now invest in New Fund Offer (NFO) of ICICI Prudential BHARAT 22 FOF (An open-ended fund of funds scheme investing in BHARAT 22 ETF).
(2.5 % discount in FFO.)
avatar
94. Satoshi Nakamoto  Jun 17, 2018 12:52:08 PM IST I Like It. 1 | Report Abuse Reply
Govt has priced RITES issue reasonably coz they have bigger divestments lined up without which the fiscal deficit will go for a toss.
They are very well aware that without public support this is not achievable by using proxies like LIC to bail out the issue every time.
Kutte ki dum tedhi ki tedhi. This is a small issue hence will give gains and retailers will flock again to these PSU issues for charity and nation building

avatar
94.5. Satoshi Nakamoto  Jun 18, 2018 7:59:13 AM IST I Like It. | Report Abuse
There is no complete ban so you can still buy
avatar
94.6. Anarchist  Jun 18, 2018 4:24:53 PM IST I Like It. 4 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 1000+ Likes)
@ Satoshi Nakamoto @ There is no complete ban so you can still buy

That's correct.. ...They only banned the real dangerous stuff like rupee notes......Cryptos offer the holiest digital way of exchanging wealth in a very overt (peer to peer) manner. Hence pose no threat....:D
avatar
93. Aniketiaf  Jun 18, 2018 4:22:24 PM IST I Like It. 8 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 3100+ Likes)
Gmp of RITES is 38-40
Gmp of Fine Organic is 45-48
avatar
92. Kaal  Jun 17, 2018 3:46:39 PM IST I Like It. 1 | Report Abuse Reply
Gmp ?
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92.1. AhireR  Jun 18, 2018 8:51:29 AM IST I Like It. 1 | Report Abuse
30+
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92.2. Kaal  Jun 18, 2018 9:03:27 AM IST I Like It. 1 | Report Abuse
Thnx
avatar
91. ravi king maker  Jun 17, 2018 11:29:09 PM IST I Like It. 1 | Report Abuse Reply
chota ipo yani bada paisa maza aayenga
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