*R.I.T.E.S. LIMITED* *1ST DAY SUBS FIGURE AT 03:00 P.M.* QIB 0.00X NII 0.17X RII 1.02X EMP 0.17X TOTAL 0.37X Total No.of FORMS : 77,406 *Apps Wise : 0.74X*
Harit, RITES issue size is 466.2 crores where as HAL issue is 4,144.06 crores. 10X over subscription cant be a guarantee of listing gains or a good IPO. we cant compare subscription figures and come to a conclusion.
Even BDL issue size is 960 crores and over subscribed by 1.37 in Retail. Of course, both of them are grossly over priced due to market momentum at that time. And now, RITES is reasonably priced due to current market volatality and poor market conditions.
RITES Limited UIPO Already 0.40X in Retail Category. Expecting 8+ times in this RITES IPO. This is the Best IPO among the IPOs in this current month. It really doesn't matter how many IPOs are sailing. Surely the best IPO will get Best Response
*R.I.T.E.S. LIMITED* *1ST DAY SUBS FIGURE AT 12:19 P.M.* QIB 0.00X NII 0.15X RII 0.39X EMP 0.44X TOTAL 0.16X Total No.of FORMS : 27,294 *Apps Wise : 0.26X*
RITES IPO Subscribed 11% in First Hours. As of 11:30am the issue received Total Bids for over 28,65,840 Shares against the Total issue size of 2,52,00,000 Shares.