21. Eagleye| Link| Bookmark|
June 11, 2018 6:03:42 PM
IPO Guru (6600+ Posts, 21900+ Likes)
RITES IPO - Issue Information *(TENTATIVE)*
Issue Opens on: 20 June 2018 Issue Closes on: 22 june 2018 Issue Type: Book Built Issue IPO Issue Size: 2,52,00,000 Equity Shares Face Value: Rs 10 per Equity Share Issue Price: Rs.245 - Rs.250 per Equity Share Market Lot: 60 shares Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 20,00,00,000 Equity Shares Offer for Sale of 2,52,00,000 Equity Shares @250 = Rs.630 Crores Equity Shares outstanding after the Issue = 20,00,00,000 Equity Shares
Subscription required for 1X RII = 1,40,000 Forms NII = 90.00 Crs
Interest cost @5%p.a. for 7days = 23.973paise for 1X
20. Eagleye| Link| Bookmark|
June 11, 2018 5:45:24 PM
IPO Guru (6600+ Posts, 21900+ Likes)
RITES IPO - Schedule (Pg #602 of RHP)
13th June - Price Band to be Announced 19th t June - Anchor List 20th June - Offer Opens 22th June - Offer Closes 27th June - Finalisation of Basis of Allotment 28th June - Unblocking of ASBA 29th June - Credit to Demat Accounts 02nd July - Listing on NSE & BSE
v for vendetta Very true. Govt is presently looking at every avenue to garner money to prove itself as pro-poor, though for the sake of vote bank politics only. And share market investors are on their target having given them good market conditions for four years. They feel they have right to get something out of share market in return. So please don't expect too much with regard to IPO pricing at reasonable level. Whatever pricing they keep, market condition do not augur well for PSU listing.
Government is liberal in doling out subsidies or freebies to garner votes . this time will the Government be liberal in issue price ? pricing it reasonably leaving something on the table for retail investors