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

IPO Opening DateJun 20, 2018
IPO Closing DateJun 22, 2018
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹180 to ₹185 per equity share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE
Issue Size25,200,000 Eq Shares of ₹10
(aggregating up to ₹460.51 Cr)

RITES Limited IPO Lot Size

The RITES Limited IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹192,400).

ApplicationLotsSharesAmount (Cut-off)
Minimum180₹14,800
Maximum131040₹192,400

RITES Limited IPO Subscription Status (Bidding Detail)

The RITES Limited IPO is subscribed 66.74x times on Jun 22, 2018 17:00. The public issue subscribed 14.24x in the retail category, 71.71x in the QIB category, and 194.56x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

71.71x

NII

194.56x

RII

14.24x

Employee

0.96x

Total

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 DateMonday, July 2, 2018
BSE Script Code541556
NSE SymbolRITES
Listing In
ISININE320J01015
IPO Price₹185 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

RITES Limited IPO Reviews / Ratings

Company Contact Information

RITES Limited
RITES Limited
Scope Minar
Laxmi Nagar, Delhi - 110 092

Phone: +91 11 22024610
Email: cs@rites.com
Website: http://ritesltd.com/

RITES Limited IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: rites.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

RITES Limited IPO FAQs

  1. What is RITES Limited IPO?

    RITES Limited IPO is a main-board IPO of 25,200,000 equity shares of the face value of ₹10 aggregating up to ₹460.51 Crores. The issue is priced at ₹180 to ₹185 per equity share. The minimum order quantity is 80 Shares.

    The IPO opens on Jun 20, 2018, and closes on Jun 22, 2018.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When RITES Limited IPO will open?

    The RITES Limited IPO opens on Jun 20, 2018 and closes on Jun 22, 2018.

  3. What is the lot size of RITES Limited IPO?

    RITES Limited IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.

  4. How to apply for RITES Limited IPO?

    You can apply in RITES Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When RITES Limited IPO allotment?

    The finalization of Basis of Allotment for RITES Limited IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RITES Limited IPO allotment status.

  6. When is RITES Limited IPO listing date?

    The RITES Limited IPO listing date is on Monday, July 2, 2018.

RITES Limited IPO Message Board

Ranked Members  Ranked Members

Loading...
641. SOUMEN BANERJEE |Aug 1, 2018 14:25
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
641.1. Adityasingh |Aug 6, 2018 18:31
Wait , It'll jump good.
641.2. RAJU G |Aug 17, 2018 10:30
Sell now and again OURchase when It goes down
640. SOUMEN BANERJEE |Aug 1, 2018 08:02
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
639. SOUMEN BANERJEE |Aug 1, 2018 00:31
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
638. RAKESH NATH |Jul 16, 2018 14:35
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
638.1. IPO INFORMAR |Jul 16, 2018 16:20
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
IN ASBA U WILL NOT RECEIVED ANY REFUND AS NO MONEY HAS BEEN DEDUCTED .FROM YOUR ACCOUNT.CHECK IF ANY MONEY IS DEDUCTED !!!
637. Adityasingh |Jul 12, 2018 12:59
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...??
637.1. VIE |Jul 12, 2018 21:20
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.
637.2. Satoshi Nakamoto |Jul 19, 2018 22:35
Exit both counters
636. Mukesh ladia |Jul 9, 2018 04:46
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 ?
636.1. AnkurGoel |Jul 9, 2018 13:47
Drop an email to Dena bank Trading desk or call dena bank's customer care mentioning your bid details.
635. Naik |Jul 6, 2018 20:03
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.
635.2. Manofsteel |Jul 8, 2018 18:51
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Realise your profit above 200. And invest in Good companies like Ashok Leyland, IGL, Titan, Pidilite, Voltas, Cements Stocks.
Avoid Psu companies till election
635.3. Advice |Jul 15, 2018 10:57
Sell
634. Gnsarda |Jul 2, 2018 16:00
Harit and Aniketeaf sir any target of Rites, Fine Organics
634.3. harit |Jul 3, 2018 08:16
IPO Guru IPO Guru (1700+ Posts, 2900+ 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
634.4. Aniketiaf |Jul 6, 2018 16:02
IPO Guru IPO Guru (1400+ Posts, 8500+ Likes)
@Gnsarda,
Exited from RITES and FINE ORG or not ???
Pure operator play left in this stoc
k, didn't apply for good!.
Hanuman challisa, hah!
632. IPO Analysts |Jul 4, 2018 19:01
Time to exit from RITES IPO, new entry should be done above 220 closing. More chances of going below 190.
632.1. Doctor strange |Jul 4, 2018 19:09
i think we should wait and hold
631. SHREYANSH SANGHAVI |Jul 4, 2018 15:50
why so much fall in Rites suddenly? Is that any bad news or its operator game?
631.1. Doctor strange |Jul 4, 2018 19:06
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
630. rahul RII |Jul 4, 2018 09:44
innovators facade
vijay kedia further bought this stock
https://www.bseindia.com/xml-data/corpfiling/AttachLive/62395C42_5B81_4E37_8890_084E568FB067_172250.pdf
630.1. VIE |Jul 4, 2018 11:40
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. ???? ???? ????
629. SHREYANSH SANGHAVI |Jul 4, 2018 11:18
Expert please advice me should I hold rites or wait till 225
628. DEV IPO |Jul 3, 2018 12:36
As my opinion
If today, RITES TLD doesn't cross yesterday high 224.50 then better to take exit...
628.1. DEV IPO |Jul 4, 2018 09:39
As said yesterday... Better to exit @217...
Now 207.. your money your decision...
627. Doctor strange |Jul 3, 2018 23:52
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...
626. Gnsarda |Jul 3, 2018 22:02
Thanks Aniketiaf and Harith sir fer Responce
625. Salah |Jul 3, 2018 10:20
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...
625.2. Salah |Jul 3, 2018 10:31
Thanks VIE. Chittorgh didnt give any info on discount...
625.3. Ar Shams |Jul 3, 2018 21:58
What an ignorant Indian investors are !
624. Doctor strange |Jul 3, 2018 14:23
i think we can see 240 to 260 soon...better to hold..
623. SHREYANSH SANGHAVI |Jul 3, 2018 11:07
Is it any possibility today cross 225
622. Vipul m Patel |Jul 3, 2018 09:31
Face seller in rites...don't sell







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