RITES Limited IPO, RITES Limited IPO Details

By | July 3, 2018

RITES Limited IPO, RITES Limited IPO Details, RITES IPO Allotment Status Online available now.

Government-owned RITES Limited (Rail India Technical and Economic Services Ltd) has declared that it will hit Dalal Street with its initial public offering (IPO). The IPO of RITES Limited will be open from Wednesday, 20th June 2018 to Friday 22nd June 2018. The price band of the RITES IPO is set between Rs. 180 and Rs. 185. The company is going to give a discount of Rs. 06 per share to the retail investors and employees. The face value of the Rites share will be Rs. 10 each. Investors who want to send an application for the RITES Limited IPO must check the given section for more information about the IPO.

RITES Limited IPO

RITES Limited IPO

RITES Limited IPO

About the company: Check some main details about the company.

  • RITES Limited is a wholly owned Government railway infrastructure consulting company.
  • It is a Miniratna (Category – I) Public Sector Enterprise which was established in 1974 under the Indian Railways.
  • The company is engaged in transport consultancy and engineering sector mainly in railway infrastructure.
  • It has more than 43 years of experience in the trade.
  • The company has finished projects in around 55 countries.
  • It has completed projects in Latin America, South America Middle East, Asia and Africa, regions.
  • Apart from Transport and Railways infrastructure consulting,  it also gives consultancy services across other infrastructure and energy market.

Company Promoters: The President Of India, Acting Through The Ministry Of Railways, Government Of India.

About the IPO

  • This IPO is part of Government’s disinvestment plan.
  • The government wants to divest 12.6 percent of its stake in the company.
  • The IPO comprises an offer for sale (OFS) of 2.52 crore shares.
  • The price band is Rs. 180 and Rs. 185 with the face value of Rs. 10.
  • The issue will be open from 20th June 2018 to 22nd June 2018.
  • Discount of Rs. 06/- per equity share will be given to the Retail and Employees category.
  • 50% shares are allotted to the QIB category, while NIIs category gets 15% and 35% to the retail investors.
  • 0.12 crore shares are reserved for eligible employees.
  • The lot size is 80 Equity Shares and in multiples thereof.

Objects of the Issue

  • To carry out the disinvestment.
  • Sale of up to 24,000,000 Equity Shares by the Selling Shareholders, equivalent to 12% Equity Share capital of the Company.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges
Note: RITES will not receive any proceeds from the Offer as all the proceeds will go the Selling shareholders.

RITES IPO, Date, Allotment, Price, Lot Size, Subscription, Listing

NameRITES Limited
Open Date20 Jun 2018
Close Date22 Jun 2018
Allotment Date28 Jun 2018
Refund Date29 Jun 2018
Listing Date02 Jul 2018
Issue PriceRs. 180 – Rs. 185 Per Equity Share
DiscountRs. 06 to retail investors and employees.
Lot Size80 Shares
Minimum Order Quantity80 Shares
Issue TypeBook Built Issue IPO
Issue Size25,200,000 Equity Shares of Rs 10 aggregating up to Rs. 466.20 Crore
Lead ManagerElara Capital (India) Private Limited, IDBI Capital Markets & Securities Limited, IDFC Bank Limited, SBI Capital Markets Limited
RegistrarLink Intime India Private Limited
Listing atNSE / BSE

RITES IPO Allotment Date and Link

RITES Limited IPO Allotment Date is 28th June 2018. The link will be updated here. To see the allotment status of Rites IPO, please click on the link given below.

Click Here.

Grey Market Price, GMP, Premium

DateGMPKostak RateSauda
29 Jun 2018Rs. 30 to 35—-—-
28 Jun 2018Rs. 30—-—-
27 Jun 2018Rs. 35Rs. 375Rs. 3000
26 Jun 2018Rs. 40Rs. 375Rs. 2700
25 Jun 2018Rs. 45Rs. 375Rs. 2700
21 Jun 2018Rs. 33Rs. 375Rs. 2700
20 Jun 2018Rs. 35Rs. 425Rs. 2400

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
9M FY 2018
Rs. 1,061.1Rs. 669.4Rs. 239.0
FY 2017Rs. 1,563.7Rs. 1,044.7Rs. 353.3
FY 2016Rs. 1,226.7Rs. 773.2Rs. 280.0
FY 2015Rs. 1,159.1Rs. 691.8Rs. 314.0
FY 2014Rs. 1,223.5Rs. 835.8Rs. 258.8
FY 2013Rs. 1,083.1Rs. 753.5Rs. 238.1
**(All Figures in Rs. Crores)

Valuations

  • Earnings Per Share (EPS): Rs. 17.64
  • Price/Earnings (P/E) ratio: Rs. 10.20 – Rs. 10.48
  • Return on Net Worth (RONW): 17.28%
  • Net Asset Value (NAV): Rs. 102.06

Subscription Details

CategorySHARES OFFERED20 Jun 201821 Jun 201822 Jun 2018
RII84000001.645.5915.74
NII36000000.190.49194.56
QIB120000000.020.3271.72
Employee12000000.230.560.96
Total252000000.602.1167.24

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Registrar

Link Intime India Private Ltd

  • Telephone: +91 22 4918 6200
  • Fax: +91 22 4918 6195
  • Email: [email protected]
  • Website: www.linkintime.co.in

Listing Date

Listing date is 02nd July 2018. Please check this space for the updates.
Listing Day Figures (02nd July 2018)

 BSE (541556)NSE (RITES)
IPO PriceRs. 185Rs. 185
OpenRs. 190Rs. 190
HighRs. 224.40Rs. 224.50
LowRs. 190Rs. 190
CloseRs. 212.70Rs. 213.30

RITES Limited Address

Registered Office: Scope Minar, Laxmi Nagar, Delhi – 110 092, India

Corporate Office: RITES Bhavan, No. 1, Sector 29, Gurugram– 122001, India

Telephone: +91 11 22024610;
Fax: +91 11 22024660;
E-mail: [email protected];
Website: www.ritesltd.com

IPO DRHP / Prospectus

Download Now – Click Here.

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