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| Issue Open | Jun 20, 2018 |
| Issue Close | Jun 22, 2018 |
| IPO Price | ₹185 |
| Face Value | ₹10 |
| IPO Size | ₹460.51 Cr |
| Listing At | BSE, NSE |
| IPO Lot Size | 80 |
RITES Limited IPO subscribed 66.74 times. The public issue subscribed 14.24 times in the retail category, 71.71 times in QIB, and 194.56 times in the NII category by Jun 22, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 71.71 |
| Non-Institutional Buyers | 194.56 |
| Retail Investors | 14.24 |
| Employees | 0.96 |
| Others | [.] |
| Total | 66.74 |
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1 | 0.02 | 0.19 | 1.65 | 0.23 | 0.59 |
Day 2 | 0.32 | 0.49 | 5.59 | 0.57 | 2.11 |
Day 3 | 71.71 | 194.56 | 14.24 | 0.96 | 66.74 |
RITES Limited IPO is a public issue of 25,200,000 equity shares. The issue offers 8,400,000 shares to retail investors, 12,000,000 shares to qualified institutional buyers, and 3,600,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 12,000,000 | 47.62% |
| NII | 3,600,000 | 14.29% |
| Retail | 8,400,000 | 33.33% |
| Employee | 1,200,000 | 4.76% |
| Total | 25,200,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The RITES Limited IPO is subscribed 66.74 by Jun 22, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 71.71 |
| Non Institutional | 194.56 |
| Retail Individual | 14.24 |
| Employee Reservations | 0.96 |
| Others | [.] |
| Total Subscription | 66.74 |
An investor can apply in RITES Limited IPO online via bank (using ASBA) or the broker (using UPI). The RITES Limited IPO shares are offered online only.
The RITES Limited IPO is subscribed 66.74 by Jun 22, 2018.
The RITES Limited IPO allotment status is expected on or around . Visit RITES Limited IPO allotment status to check.
Visit RITES Limited IPO subscription status page for real-time bidding information about RITES Limited IPO.
| IPO Opens On | Jun 20, 2018 |
| IPO Closes On | Jun 22, 2018 |
| Finalisation of Basis of Allotment | |
| Initiation of Refunds | |
| Credit of Shares to Demat Account | |
| IPO Listing Date |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
