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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.
| 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 Size | 25,200,000 shares (aggregating up to ₹460.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 200,000,000 |
| Share holding post issue | 200,000,000 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 12,000,000 (47.62%) | NA |
| NII (HNI) Shares Offered | 3,600,000 (14.29%) | |
| Retail Shares Offered | 8,400,000 (33.33%) | 105,000 |
| Employee Shares Offered | 1,200,000 (4.76%) | NA |
| Total Shares Offered | 25,200,000 (100%) |
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 | |||
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.
| 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 | |
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.
[Dilip Davda]
Investment in this attractively priced consultancy Miniratna (Category-1) may be considered for medium to long term. (Subscribe).
Read detail review...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)
| Category | Subscription (times) |
|---|---|
| QIB | 71.71 |
| NII | 194.56 |
| Retail | 14.24 |
| Employee | 0.96 |
| Total | 66.74 |
| Listing Date | July 2, 2018 |
| BSE Script Code | 541556 |
| NSE Symbol | RITES |
| ISIN | INE320J01015 |
| Final Issue Price | ₹185 per share |
| 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 |
RITES Limited
RITES Limited
Scope Minar
Laxmi Nagar, Delhi - 110 092
Phone: +91 11 22024610
Email: cs@rites.com
Website: http://ritesltd.com/
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 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.
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