RITES Limited IPO Biding Information

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RITES Limited

RITES Limited was established 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

RITES Limited IPO Brief
Issue Opens 20 Jun 18 Price Band : 180 - ₹185
Issue Closes 23 Jun 18 Bid Lot 80 Shares
Listing At NSE, BSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 120,00,000 8605,86,560 71.72
Non Institutional Investors 36,00,000 7004,22,960 194.56
Retail Individual Investors(RIIs) 84,00,000 1322,15,760 15.74
Employee Reservation 12,00,000 11,52,480 0.96
Total

Total No.of Application Approx : ~ 1376499

Retail Subscription on the basis of Apps : 13.11 x

Issue Terms

Issue price / Floor Price (Rs) 180-185
Application per share (Rs) 185
Minimum bid (no of shares) 80
Maximum Shares for Retail 80

Issue Date and Sizes

Issue opens 20 Jun 18
Issue closes 23 Jun 18
Listing on 02 Jul 18
Issue size (Rs cr) 460.51

FAQs

  • When is RITES Limited IPO coming?

    The RITES Limited IPO opens on 20 Jun 18 and closes on 23 Jun 18.

  • What is RITES Limited IPO timetable?

    RITES Limited IPO tentative timelines are as below.

    • Public Issue Open: 20 Jun 2018
    • Public Issue Close: 23 Jun 2018
  • What is RITES Limited IPO closing time?

    RITES Limited IPO will close for subscription at Jun 23, 2018 12:00:00 AM.

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