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 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

RITES Limited IPO Date Jun 20, 2018 to Jun 22, 2018
RITES Limited IPO Face Value ₹10 per share
RITES Limited IPO Price ₹180 to ₹185 per share
RITES Limited IPO Lot Size 80 Shares
Issue Size25,200,000 shares of ₹10
(aggregating up to ₹460.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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.

RITES Limited IPO Lot Size

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

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

RITES Limited IPO Review

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 Jun 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)

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RITES Limited IPO Prospectus

RITES Limited IPO Rating

Rating:Rated 4.1 stars
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RITES Limited IPO Listing Date

Listing Date Monday, July 2, 2018
BSE Script Code 541556
Listing In
ISIN INE320J01015
IPO Price ₹185 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

RITES Limited
RITES Limited
Scope Minar
Laxmi Nagar, Delhi - 110 092
Phone: +91 11 22024610

RITES Limited IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

RITES Limited IPO Review

RITES Limited IPO Recommendation Summary

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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 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.

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

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

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.

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 Monday, July 2, 2018.
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RITES Limited IPO Message Board

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641. SOUMEN BANERJEE |   Link |Aug 1, 2018 2:25:04 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 |Aug 6, 2018 6:31:48 PM
Wait , It'll jump good.
641.2. RAJU G |   Link |Aug 17, 2018 10:30:21 AM
Sell now and again OURchase when It goes down
640. SOUMEN BANERJEE |   Link |Aug 1, 2018 8:02:50 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 |Aug 1, 2018 12:31:36 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 |Jul 16, 2018 2:35:40 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.

638.1. IPO INFORMAR |   Link |Jul 16, 2018 4:20:45 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
637. Adityasingh |   Link |Jul 12, 2018 12:59:02 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 |Jul 12, 2018 9:20:35 PM
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 better hold for long term.
637.2. Satoshi Nakamoto |   Link |Jul 19, 2018 10:35:03 PM
Exit both counters
636. Mukesh ladia |   Link |Jul 9, 2018 4:46:40 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 |Jul 9, 2018 1:47:01 PM
Drop an email to Dena bank Trading desk or call dena bank's customer care mentioning your bid details.
635. Naik |   Link |Jul 6, 2018 8:03:39 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 |Jul 8, 2018 6:51:13 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 |Jul 15, 2018 10:57:47 AM
634. Gnsarda |   Link |Jul 2, 2018 4:00:02 PM
Harit and Aniketeaf sir any target of Rites, Fine Organics
634.3. harit |   Link |Jul 3, 2018 8:16:27 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 |Jul 6, 2018 4:02:37 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
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 |Jul 4, 2018 7:01:22 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 |Jul 4, 2018 7:09:34 PM
i think we should wait and hold
631. SHREYANSH SANGHAVI |   Link |Jul 4, 2018 3:50:38 PM
why so much fall in Rites suddenly? Is that any bad news or its operator game?
631.1. Doctor strange |   Link |Jul 4, 2018 7:06:06 PM
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 |Jul 4, 2018 9:44:53 AM
innovators facade
vijay kedia further bought this stock
630.1. VIE |   Link |Jul 4, 2018 11:40:36 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
My comment on innovators facade on 2 july in that section ko copy paste kar diya. ???? ???? ????
629. SHREYANSH SANGHAVI |   Link |Jul 4, 2018 11:18:11 AM
Expert please advice me should I hold rites or wait till 225
628. DEV IPO |   Link |Jul 3, 2018 12:36:33 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 |Jul 4, 2018 9:39:55 AM
As said yesterday... Better to exit @217...
Now 207.. your money your decision...
627. Doctor strange |   Link |Jul 3, 2018 11:52:50 PM
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 |Jul 3, 2018 10:02:59 PM
Thanks Aniketiaf and Harith sir fer Responce
625. Salah |   Link |Jul 3, 2018 10:20:18 AM
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 |Jul 3, 2018 10:31:14 AM
Thanks VIE. Chittorgh didnt give any info on discount...
625.3. Ar Shams |   Link |Jul 3, 2018 9:58:53 PM
What an ignorant Indian investors are !
624. Doctor strange |   Link |Jul 3, 2018 2:23:20 PM
i think we can see 240 to 260 soon...better to hold..
623. SHREYANSH SANGHAVI |   Link |Jul 3, 2018 11:07:12 AM
Is it any possibility today cross 225
622. Vipul m Patel |   Link |Jul 3, 2018 9:31:41 AM
Face seller in rites...don't sell