The RITES Ltd date has been confirmed from June 20 and ended on June 22
RITES Ltd is one of India’s leading non-bank wealth solutions firms and has been ranked amongst the top three non-bank mutual fund distributors in the country. The company offers its clients wealth solutions, financial product distribution, and technology solutions.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
June 20- 22
Price Range
₹180 to ₹185 per share
Face Value
₹10 per share
GMP
Coming Soon
RITES Ltd GMP
The RITES Ltd IPO GMP is ₹[0].
IPO Overview
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.
RITES Limited IPO GMP Live Rates Day By Day With Kotak Rates
- Grey market premium as on today is Rs.30-35, Kostak N/A & Subject to Sauda is N/A
- Grey market premium as on 28-06-2018 is Rs.35-40, Kostak N/A & Subject to Sauda is N/A
- Grey market premium as on 27-06-2018 is Rs.35-40, Kostak Rs.400 & Subject to Sauda is Rs.3000
- Grey market premium as on 26-06-2018 is Rs.35-40, Kostak Rs.350 & Subject to Sauda is Rs.2500
- Grey market premium as on 25-06-2018 is Rs.45-50, Kostak Rs.400 & Subject to Sauda is Rs.3000
- Grey market premium as on 24-06-2018 is Rs.45-50, Kostak Rs.400 & Subject to Sauda is Rs.3000
- Grey market premium as on 23-06-2018 is Rs.45-50, Kostak Rs.400 & Subject to Sauda is Rs.3000
- Grey market premium as on 22-06-2018 is Rs.40-45, Kostak Rs.400 & Subject to Sauda is Rs.2500
- Grey market premium as on 21-06-2018 is Rs.35-40, Kostak Rs.400 & Subject to Sauda is Rs.2500
- Grey market premium as on 20-06-2018 is Rs.35-40, Kostak Rs.400 & Subject to Sauda is Rs.2500
- Grey market premium as on 19-06-2018 is Rs.45-50, Kostak Rs.550 & Subject to Sauda is Rs.N/A
- Grey market premium as on 18-06-2018 Rs.45-50 with Kostak at Rs.550
- Grey market premium as on 17-06-2018 Rs.35-40 with Kostak at Rs.400
- Grey market premium as on 16-06-2018 Rs.35-40 with Kostak at Rs.400
- Grey market premium as on 15-06-2018 Rs.35-40 with Kostak at Rs.400
- Grey market premium as on 14-06-2018 Rs.15-20 with Kostak at Rs.300
- Grey market premium as on 13-06-2018 Rs.15-20 with Kostak at Rs.300
- Grey market premium as on 12-06-2018 Rs.N/A with Kostak at Rs.N/A
- Grey market premium as on 11-06-2018 Rs.N/A with Kostak at Rs.N/A
- Grey market premium as on 10-06-2018 Rs.N/A with Kostak at Rs.N/A
- Grey market premium as on 09-06-2018 Rs.N/A with Kostak at Rs.N/A
- Grey market premium as on 08-06-2018 Rs.N/A with Kostak at Rs.N/A
- Grey market premium as on 07-06-2018 Rs.N/A with Kostak at Rs.N/A
RITES Ltd IPO Date & Price Band Details
| 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 |
RITES Ltd IPO Market Lot
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 |
RITES Ltd Company Financial Report
| 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 | |
RITES Ltd IPO Reservation
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%) |
Company Profile
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 transport, infrastructure, and related technologies. In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms as a means of maximum utilization of local resources and as an effective instrument of sharing its expertise. The company’s market capitalization has placed it among the top 500 listed companies in India, a testament to its high-quality solutions and services, driven by its talented pool of professionals.
RITES is uniquely placed in terms of diversification of services and geographical reach in various sectors such as railways, highways, metros, tunnels, bridges, urban engineering, sustainability & green mobility, airports, ports, ropeways, institutional buildings, inland waterways, etc. It provides comprehensive services under a single roof and believes in transferring technology to client organizations.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | rites.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | RITES Limited |
| Phone number | +91 11 22024610 |
| Email ID | cs@rites.com |
| Website | http://ritesltd.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
