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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.

RITES Limited IPO Details
Issue OpenJun 20, 2018 - Jun 22, 2018
Issue TypeBook Built Issue IPO
Issue Size25,200,000 Eq Shares of Rs 10
(aggregating up to Rs 460.51 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 180 - Rs 185 Per Equity Share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE

RITES Limited IPO Subscription Status (Live)

RITES Limited IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

12,000,000

3,600,000

8,400,000

1,200,000

25,200,000

Jun 22, 2018 17:00

71.71x

194.56x

14.24x

0.96x

66.74x

RITES Limited IPO Prospectus

RITES Limited IPO Rating

1202
4.1
Rating:Rated 4.1 stars

Vote Here ...

RITES Limited IPO Listing Date

  •   ›  Listing Date: Monday, July 2, 2018
  •   ›  BSE Script Code: 541556
  •   ›  NSE Symbol: RITES
  •   ›  Listing In:
  •   ›  ISIN: INE320J01015
  •   ›  Issue Price: Rs 185 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 185.00
Rs 190.00
Rs 190.00
Rs 224.40
Rs 212.70
5,566,077
NSE
Rs 185.00
Rs 190.00
Rs 190.00
Rs 224.50
Rs 213.30
49,663,840

RITES Limited IPO Reviews / Ratings

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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

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RITES Limited IPO Review / Comments

avatar
641. SOUMEN BANERJEE  Aug 1, 2018 14:25 I Like It. | Report Abuse
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
avatar
641.1. Adityasingh  Aug 6, 2018 18:31 I Like It. 1 | Report Abuse
Wait , It'll jump good.
avatar
641.2. RAJU G  Aug 17, 2018 10:30 I Like It. | Report Abuse
Sell now and again OURchase when It goes down
avatar
640. SOUMEN BANERJEE  Aug 1, 2018 08:02 I Like It. | Report Abuse
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
avatar
639. SOUMEN BANERJEE  Aug 1, 2018 00:31 I Like It. | Report Abuse
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
avatar
638. RAKESH NATH  Jul 16, 2018 14:35 I Like It. | Report Abuse
Hi, i had applied for 80 shares in RITES IPO on 20th June'18 through ICICI online banking.

Though no shares have been allotted yet, when i checked the status in ICICI online, it shows "Refund Amount", but I haven't received any refund to my account. Could u plz clarify whether allotment will take time or if not when refund will be processed.

Thanks
avatar
638.1. IPO INFORMAR  Jul 16, 2018 16:20 I Like It. | Report Abuse
IN ASBA U WILL NOT RECEIVED ANY REFUND AS NO MONEY HAS BEEN DEDUCTED .FROM YOUR ACCOUNT.CHECK IF ANY MONEY IS DEDUCTED !!!
avatar
637. Adityasingh  Jul 12, 2018 12:59 I Like It. | Report Abuse
Hi Guys, please suggest me what to do. I'm holding shares of Hindustan aeronautics and Indostar Capital, both are down by 30% and 10% respectively. Any chances of their Coming back to their Issue price...??
avatar
637.1. VIE  Jul 12, 2018 21:20 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ Adityasingh
indo star good bet for long term i.e. 2-3 years.In one interview CEO said they are focusing on profitability at each branch level.There are about 120 branches.so better hold for long term.
avatar
637.2. Satoshi Nakamoto  Jul 19, 2018 22:35 I Like It. | Report Abuse
Exit both counters
avatar
636. Mukesh ladia  Jul 9, 2018 04:46 I Like It. 1 | Report Abuse
Is there anyone in whose Bank account lien marked is still not released even after listing of shares ? my account is still under lien marked for Rites Ltd IPO from Dena Bank.. What should I do for the same ?
avatar
636.1. AnkurGoel  Jul 9, 2018 13:47 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Drop an email to Dena bank Trading desk or call dena bank's customer care mentioning your bid details.
avatar
635. Naik  Jul 6, 2018 20:03 I Like It. | Report Abuse
I am holding 2 lots from allotment, what to do with this ?? It has already came down by more than 20 rs . Any suggestions from expert's. Thanks in advance.
avatar
635.2. Manofsteel  Jul 8, 2018 18:51 I Like It. | Report Abuse
Realise your profit above 200. And invest in Good companies like Ashok Leyland, IGL, Titan, Pidilite, Voltas, Cements Stocks.
Avoid Psu companies till election
avatar
635.3. Advice  Jul 15, 2018 10:57 I Like It. | Report Abuse
Sell
avatar
634. Gnsarda  Jul 2, 2018 16:00 I Like It. 3 | Report Abuse
Harit and Aniketeaf sir any target of Rites, Fine Organics
avatar
634.3. harit  Jul 3, 2018 08:16 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Risk of being PSU is always there
But sometimes someone has to break the jinx
Late night news
Yesterday goldmen sacks bought fine org.via block deal
avatar
634.4. Aniketiaf  Jul 6, 2018 16:02 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3900+ Likes)
@Gnsarda,
Exited from RITES and FINE ORG or not ???
avatar
Pure operator play left in this stoc
k, didn't apply for good!.
Hanuman challisa, hah!
avatar
632. IPO Analysts  Jul 4, 2018 19:01 I Like It. | Report Abuse
Time to exit from RITES IPO, new entry should be done above 220 closing. More chances of going below 190.
avatar
632.1. Doctor strange  Jul 4, 2018 19:09 I Like It. 1 | Report Abuse
i think we should wait and hold
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631. SHREYANSH SANGHAVI  Jul 4, 2018 15:50 I Like It. 1 | Report Abuse
why so much fall in Rites suddenly? Is that any bad news or its operator game?
avatar
631.1. Doctor strange  Jul 4, 2018 19:06 I Like It. 1 | Report Abuse
opertaer...mostly it will go up when DII will buy in bulk. At present delivery is only 21 % so can go either way, but im hopeful of strong up move due to DII pumping lot of money
avatar
630. rahul RII  Jul 4, 2018 09:44 I Like It. | Report Abuse
avatar
630.1. VIE  Jul 4, 2018 11:40 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@rahul
My comment on innovators facade on 2 july in that section ko copy paste kar diya. 😃 😃 😃
avatar
629. SHREYANSH SANGHAVI  Jul 4, 2018 11:18 I Like It. | Report Abuse
Expert please advice me should I hold rites or wait till 225
avatar
628. DEV IPO  Jul 3, 2018 12:36 I Like It. 1 | Report Abuse
As my opinion
If today, RITES TLD doesn't cross yesterday high 224.50 then better to take exit...
avatar
628.1. DEV IPO  Jul 4, 2018 09:39 I Like It. | Report Abuse
As said yesterday... Better to exit @217...
Now 207.. your money your decision...
avatar
627. Doctor strange  Jul 3, 2018 23:52 I Like It. 1 | Report Abuse
I think QIB will come in picture soon , fund house are looking for new avnues to invest and make money with large amount of money coming in markets through MF...
avatar
626. Gnsarda  Jul 3, 2018 22:02 I Like It. 1 | Report Abuse
Thanks Aniketiaf and Harith sir fer Responce
avatar
625. Salah  Jul 3, 2018 10:20 I Like It. | Report Abuse
Was there any discount for RITES IPO? I got 1 lot of 80 shares @ 14320 which comes to 179/share. There is no info of discount anywhere...
avatar
625.2. Salah  Jul 3, 2018 10:31 I Like It. | Report Abuse
Thanks VIE. Chittorgh didnt give any info on discount...
avatar
625.3. Ar Shams  Jul 3, 2018 21:58 I Like It. 1 | Report Abuse
What an ignorant Indian investors are !
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624. Doctor strange  Jul 3, 2018 14:23 I Like It. 3 | Report Abuse
i think we can see 240 to 260 soon...better to hold..
avatar
623. SHREYANSH SANGHAVI  Jul 3, 2018 11:07 I Like It. | Report Abuse
Is it any possibility today cross 225
avatar
622. Vipul m Patel  Jul 3, 2018 09:31 I Like It. | Report Abuse
Face seller in rites...don't sell
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