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RITES Limited IPO (RITES IPO) Details

RITES Limited IPO (RITES IPO) Details:

RITES Limited (earlier known as Rail India Technical and Economic Service), together with its subsidiaries, provides consultancy services in the fields of transport, infrastructure, and related technologies in India and internationally.

It operates in four segments: Consultancy Services; Turnkey Construction Projects; Export of Rolling Stock, Equipments and Spares; and Leasing of Railway Rolling Stock & Equipments.

The company offers services as consultants, engineers, and project managers in the areas of railways, highways, airports, ports, ropeways, urban transport, and inland waterways. It is also involved in the third party inspection, quality assurance, construction supervision and project management, operation and maintenance, leasing, and export of rolling stock; and provision of railway workshops modernization services.

In addition, the company generates power from wind mills and solar energy plants; manufactures and rehabilitates wagons; and undertakes civil construction works. Further, it provides services in various sectors, such as architecture and planning, bridges and tunnel engineering, environmental/urban engineering, electrical engineering, financial management, geo-technology, industrial engineering, information technology, marine engineering, materials system management, privatization and concession projects, railway electrification, rolling stock design, signal and telecommunication, surveys, and training programs.

The company serves governments, public sector undertakings, corporations and industrial establishments, and private enterprises, and other organizations.

RITES Limited was founded in 1974 and is based in Gurgaon, India.

OBJECTS OF THE ISSUE:

The objects of the Offer are to:

  1. 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 1,200,000 Equity Shares that will be reserved for Employee Reservation
    Portion,
  2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  3. Further, Company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its shareholders. Listing will also provide a public market for the Equity Shares in India.

Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholder.

RITES Limited IPO (RITES IPO) Details:

  1. Issue Open: June 20, 2018 – June 22, 2018
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 25,200,000 Equity Shares of Rs 10 aggregating up to Rs 466.20 Cr
  5. Issue Price: Rs 180 – Rs 185 Per Equity Share
  6. Market Lot: 80 Equity Shares
  7. Minimum Order Quantity: 80 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of RITES Limited IPO (RITES IPO):

Elara Capital (India) Private Limited
Address: Indiabulls Finance Centre,
Tower 3, 21st Floor, Senapati Bapat Marg,
Elphinstone Road West, Mumbai – 400 013, India
Telephone: +91 22 6164 8599 Facsimile: +91 22 6164 8589
Email: rites.ipo@elaracapital.com
Investor Grievance ID: mb.investorgrievances@elaracapital.com

IDBI Capital Markets & Securities Limited
(Formerly known as IDBI Capital Market Services Limited)
Address: 3rd floor, Mafatlal Centre,
Nariman Point, Mumbai – 400 021, India
Telephone: +91 22 4322 1212 Facsimile: +91 22 2285 0785
Email: ipo.rites@idbicapital.com
Investor Grievance ID: redressal@idbicapital.com

IDFC Bank Limited
Address: Naman Chambers, C-32, G-Block,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051, India
Telephone: +91 22 7132 5500 Facsimile: +91 22 4222 2088
Email: rites.ipo@idfcbank.com
Investor Grievance ID: mb.ig@idfcbank.com

SBI Capital Markets Limited
Address: 202, Maker Tower ‘E’, Cuffe Parade,
Mumbai – 400 005, India
Telephone: +91 22 22178300 Facsimile: +91 22 22188332
Email: rites.ipo@sbicaps.com
Investor Grievance ID: investor.relations@sbicaps.com

REGISTRAR TO THE OFFER of RITES Limited IPO (RITES IPO):

Link Intime India Private Limited
Address: C-101,1st Floor, 247 Park,
Lal Bahadur Shashtri Marg, Vikhroli (West),
Mumbai – 400 083, India
Telephone: +91 22 4918 6200 Facsimile: +91 22 4918 6195
E-mail: rites.ipo@linkintime.co.in
Investor Grievance ID: rites.ipo@linkintime.co.in

RITES Limited IPO (RITES IPO) Draft Red Herring Prospectus (DRHP):

RITES Limited (RITES) IPO Prospectus

Red Herring Prospectus (RHP) Of RITES Limited IPO (RITES IPO):

RITES Limited (RITES) IPO Prospectus

RITES Limited IPO (RITES IPO) Subscription Figures:

RITES Limited (RITES) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)
Non Institutional Investors (NIIs)
Retail
Employees
Total

RITES Limited IPO (RITES IPO) Allotment and Listing Dates Schedule:

  • 20/June/18 – Bid/Offer Opening Date
  • 22/June/18 – Bid/Offer Closing Date
  • 27/June/18 – Finalisation of Basis of Allotment
  • 28/June/18 – Unblocking of Funds from ASBA Account
  • 29/June/18 – Credit of Equity Shares to Demat Account
  • 02/July/18 – Commencement of Trading on NSE/BSE

* To Be Updated

RITES Limited IPO (RITES IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of RITES Limited (RITES) IPO is not trading as of now.

How To Check RITES Limited IPO (RITES IPO) Application Status:

To clear that doubt and to check RITES Limited (RITES) IPO  application status just use the below links and you can check it as follow:

Check RITES Limited (RITES) IPO Application Status at BSE:  BSE Website

Check RITES Limited (RITES) IPO Application Status at NSE NSE Website

To Check RITES Limited IPO (RITES IPO) Application Status:

  1. Click on Links provided above
  2. Select RITES Limited IPO (RITES IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check RITES Limited IPO (RITES IPO) Allotment Status:

To Check RITES Limited (RITES) IPO Allotment Status : Click Here

  1. Select RITES Limited IPO (RITES IPO) from the first drop Down Menu
  2. Provide your PAN Number.

Market Update:

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