Rites Ipo Allotment Basis For Retail Investors

Rites ipo allotment basis for retail investors

Business description – Rites Limited is a wholly owned Government Company, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India and the only company having diversified services and geographical reach in this field under one roof.

Rites ipo allotment basis for retail investors

The company has an experience spanning 43 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

Rites is a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies.

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It has significant presence as a transport infrastructure consultancy organization in the railway sector. However, it also provides consultancy services across other infrastructure and energy market sectors including urban transport, roads and highways, ports, inland waterways, airports, institutional buildings, ropeways, power procurement and renewable energy.

Promoters of Rites Limited – The President of India
Rites Limited IPO details
Subscription Dates20 – 22 June 2018
Price BandINR180 – 185 per share (retail discount INR6 per share)
Fresh issueNil
Offer For Sale25,200,000 shares (INR448.31 – 460.91 crore)
Total IPO size25,200,000 shares (INR448.31 – 460.91 crore)
Minimum bid (lot size)80 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Rites Limited’s financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY20179M FY2018
Total revenues1,083.11,223.51,159.11,226.71,563.71,061.1
Total expenses753.5835.8691.8773.21,044.7669.4
Profit after tax238.1258.8314.0280.0353.3239.0
Net margin (%)22.021.227.122.822.622.5

Rites Limited Contact Details

Rites Limited 
RITES Bhavan No.

Rites ipo allotment basis for retail investors

1
Sector 29
Gurugram– 122001

Phone: +91 124 2571665
Fax: 
+91 124 2571187
Email:
[email protected]
Website: www.ritesltd.com

Registrar of Rites Limited IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Valuation of Rites Limited (Based on latest FY)

Earnings Per Share (EPS): INR17.64

Price/Earnings (P/E) ratio: 10.20 – 10.48

Return on Net Worth (RONW): 17.28%

Net Asset Value (NAV): INR102.06 per share

Rites Limited IPO Subscription Details

CategoryShares offeredSubscription (no.

of times, at 5 pm) 

Day 1Day 2Day 3
QIB12,000,0000.010.3171.71
NII3,600,0000.180.48194.56
Retail8,400,0001.645.5914.40
Employees1,200,0000.220.560.96
Total25,200,0000.592.1066.78

Rites Limited IPO Allotment Status

Rites Limited IPO allotment status is now available on Link Intime’s website.

Rites ipo allotment basis for retail investors

Click on this linkto get allotment status.

Listing Performance of Rites Limited

IPO Opening Date: 20 June 2018

IPO Closing Date: 22 June 2018

Finalisation of Basis of Allotment: 27 June 2018

Initiation of refunds: 28 June 2018

Transfer of shares to demat accounts: 29 June 2018

Listing Date: 2 July 2018

Listing Price on NSE: INR190 per share (up 6.14% for retail investors)

Closing Price on NSE: INR213.30 per share (up 19.16% for retail investors)