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RITES Limited IPO (RITES Limited IPO) Detail

June 20, 2018 - June 22, 2018

RITES Limited IPO is a book built issue of Rs 460.51 crores.

RITES Limited IPO bidding started from June 20, 2018 and ended on June 22, 2018. The shares got listed on BSE, NSE on July 2, 2018.

RITES Limited IPO price band is set at ₹180 to ₹185 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,800.

Elara Capital (India) Private Limited, Idbi Capital Market Services Limited, Idfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the RITES Limited IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to RITES Limited IPO RHP for detailed information.

RITES Limited IPO Details

IPO Date June 20, 2018 to June 22, 2018
Listing Date July 2, 2018
Face Value ₹10 per share
Price Band ₹180 to ₹185 per share
Lot Size 80 Shares
Total Issue Size25,200,000 shares
(aggregating up to ₹460.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

RITES Limited IPO Reservation

RITES Limited IPO offers 25,200,000 shares. 12,000,000 (47.62%) to QIB, 3,600,000 (14.29%) to NII, 8,400,000 (33.33%) to RII, 1,200,000 (4.76%) to employees. 105,000 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered12,000,000 (47.62%)NA
NII (HNI) Shares Offered3,600,000 (14.29%)
Retail Shares Offered8,400,000 (33.33%)105,000
Employee Shares Offered1,200,000 (4.76%)NA
Total Shares Offered25,200,000 (100%)

RITES Limited IPO Lot Size

Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 80 ₹14,800
Retail (Max) 13 1040 ₹192,400
Lot Size Calculator

About RITES Limited

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 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 (RITES Limited IPO Objectives)

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 Review (Apply)

[Dilip Davda]  

Investment in this attractively priced consultancy Miniratna (Category-1) may be considered for medium to long term. (Subscribe).

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RITES Limited IPO Subscription Status (Bidding Detail)

The RITES Limited IPO is subscribed 66.74 times on June 22, 2018 5:00:00 PM. The public issue subscribed 14.24 times in the retail category, 71.71 times in the QIB category, and 194.56 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB71.71
NII194.56
Retail14.24
Employee0.96
Total66.74

RITES Limited IPO Prospectus

RITES Limited IPO Rating

1202
4.1
Rating:Rated 4.1 stars
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RITES Limited IPO Listing Details

Listing Date July 2, 2018
BSE Script Code 541556
NSE Symbol RITES
ISIN INE320J01015
Final Issue Price ₹185 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹185.00
₹190.00
₹190.00
₹224.40
₹212.70
NSE
₹185.00
₹190.00
₹190.00
₹224.50
₹213.30

Check IPO Performance…

RITES Limited Contact Details

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

Phone: +91-22-4918 6270
Email: rites.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

RITES Limited IPO FAQs

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 share. The minimum order quantity is 80 Shares.

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

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

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

RITES Limited IPO lot size is 80 Shares, and the minimum amount required is ₹14,800.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

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

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1318 Comments

641. SOUMEN BANERJEE |   Link |  Bookmark |August 1, 2018 3:25:04 PM
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
641.1. Adityasingh |   Link |  Bookmark |August 6, 2018 7:31:48 PM
Wait , It'll jump good.
641.2. RAJU G |   Link |  Bookmark |August 17, 2018 11:30:21 AM
Sell now and again OURchase when It goes down
640. SOUMEN BANERJEE |   Link |  Bookmark |August 1, 2018 9:02:50 AM
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
639. SOUMEN BANERJEE |   Link |  Bookmark |August 1, 2018 1:31:36 AM
I have purchased 1500shares at 280 rupees, now share price gone down to 250rupees. What should i do kindly advise.....
638. RAKESH NATH |   Link |  Bookmark |July 16, 2018 3:35:40 PM
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 |   Link |  Bookmark |July 16, 2018 5:20:45 PM
Top Contributor Top Contributor (300+ Posts, 200+ 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 |   Link |  Bookmark |July 12, 2018 1:59:02 PM
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 |   Link |  Bookmark |July 12, 2018 10:20:35 PM (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 |   Link |  Bookmark |July 19, 2018 11:35:03 PM
Exit both counters
636. Mukesh ladia |   Link |  Bookmark |July 9, 2018 5:46:40 AM
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 |   Link |  Bookmark |July 9, 2018 2:47:01 PM
Drop an email to Dena bank Trading desk or call dena bank's customer care mentioning your bid details.
635. Naik |   Link |  Bookmark |July 6, 2018 9:03:39 PM
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 |   Link |  Bookmark |July 8, 2018 7:51:13 PM
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 |   Link |  Bookmark |July 15, 2018 11:57:47 AM
Sell
634. Gnsarda |   Link |  Bookmark |July 2, 2018 5:00:02 PM
Harit and Aniketeaf sir any target of Rites, Fine Organics
634.3. harit |   Link |  Bookmark |July 3, 2018 9:16:27 AM
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 |   Link |  Bookmark |July 6, 2018 5:02:37 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |July 4, 2018 8:01:22 PM
Time to exit from RITES IPO, new entry should be done above 220 closing. More chances of going below 190.
632.1. Doctor strange |   Link |  Bookmark |July 4, 2018 8:09:34 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
i think we should wait and hold
631. SHREYANSH SANGHAVI |   Link |  Bookmark |July 4, 2018 4:50:38 PM
why so much fall in Rites suddenly? Is that any bad news or its operator game?
631.1. Doctor strange |   Link |  Bookmark |July 4, 2018 8:06:06 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
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 |   Link |  Bookmark |July 4, 2018 10:44:53 AM
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 |   Link |  Bookmark |July 4, 2018 12:40:36 PM (500+ Posts, 500+ Likes)
@rahul
My comment on innovators facade on 2 july in that section ko copy paste kar diya. ???? ???? ????
629. SHREYANSH SANGHAVI |   Link |  Bookmark |July 4, 2018 12:18:11 PM
Expert please advice me should I hold rites or wait till 225
628. DEV IPO |   Link |  Bookmark |July 3, 2018 1:36:33 PM
As my opinion
If today, RITES TLD doesn't cross yesterday high 224.50 then better to take exit...
628.1. DEV IPO |   Link |  Bookmark |July 4, 2018 10:39:55 AM
As said yesterday... Better to exit @217...
Now 207.. your money your decision...
627. Doctor strange |   Link |  Bookmark |July 4, 2018 12:52:50 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
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 |   Link |  Bookmark |July 3, 2018 11:02:59 PM
Thanks Aniketiaf and Harith sir fer Responce
625. Salah |   Link |  Bookmark |July 3, 2018 11:20:18 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
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 |   Link |  Bookmark |July 3, 2018 11:31:14 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Thanks VIE. Chittorgh didnt give any info on discount...
625.3. Ar Shams |   Link |  Bookmark |July 3, 2018 10:58:53 PM
What an ignorant Indian investors are !
624. Doctor strange |   Link |  Bookmark |July 3, 2018 3:23:20 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
i think we can see 240 to 260 soon...better to hold..
623. SHREYANSH SANGHAVI |   Link |  Bookmark |July 3, 2018 12:07:12 PM
Is it any possibility today cross 225
622. Vipul m Patel |   Link |  Bookmark |July 3, 2018 10:31:41 AM
Face seller in rites...don't sell