Call us +91 -7376325889/ 7376335889
Mail
Support
Partners
Careers
Knowledge Center
Downloads
Margin Calculator
Equity
F&O
MF
Online Trading
Open an Account
Back Office
Apply IPO
ABOUT US
SERVICES
MARKETS
Equity
Derivatives
Mutual Fund
IPO
PORTFOLIO
OUR RECOMMENDATIONS
CONTACT US
CALCULATORS
MENU
×
HOME
SERVICES
MARKETS
PORTFOLIO
OUR RECOMMENDATIONS
ABOUT US
SERVICES
CONTACT US
CALCULATORS
Online Trading
Open an Account
Back Office
Apply IPO
IPO
IPO
Gainers & Losers
Forthcoming Issues
Open Issues
Closed Issues
New Listing
Basis of Allotment
Draft Prospectus
New Issue Monitor
Best Performers
Know IPO
IPO Synopsis
Back
Rites Ltd
Registered Office:
Scope Minar Core-I,Laxmi Nagar, New Delhi - 110092, New Delhi, India. Phone : 91-011-23354800/22024610 Fax:91-011-22024660
Email :
cs@rites.com
Website :
www.ritesltd.com
Initial public offering of 25,200,000 equity shares of face value of Rs.10 each ("equity shares") of Rites limited (the "company" or the "issuer") through an offer for Sale by the president of india, acting through the ministry of railways, government of india (the "selling shareholder"), for cash at a price of Rs.185 * per Equity share (including a premium of Rs.175 (the "offer price"), aggregating to Rs.460.51 Crores (the "offer"). Subject to receipt of necessary approvals from the Government of india ("goi"), upto 1,200,000 equity shares may be reserved for eligible employees (defined below) (the "employee reservation portion"). The offer less employee reservation portion (if any) is referred to as the net offer. The offer will comprise of a net offer of 24,000,000 equity shares and the employee reservation portion of 1,200,000 equity shares. The offer and net offer shall constitute 12.60% and 12% of the post-offer paid-up equity share capital of the Company respectively. A Discount of Rs. 6 per equity share on the offer price may be offered to Retail Individual Bidders ("Retail Discount") of Rs. 6 per equity share on the offer price may be offered to eligible employees bidding in the employee reservation portion ("Employee Discount). Price band: The offer price is Rs.185 per equity share is 18.5 times of the face value. Retail Discount and employee discount Rs.6 per equity share on Offer Price.
Issue
Opens On
Closes On
20-Jun-18
22-Jun-18
Money Payable On
Application
Allotment
185.00
0.00
Minimum Application for shares in Nos : 80 Further Multiples of : 80
Cr
Lead Managers to the Issue
Project Cost (
.Cr)
0.00
Elara Capital (India) Pvt Ltd
Project Financed through Current Offer (
.Cr)
460.51
Post Issue Equity Share Capital (
.Cr)
200.00
Issue Price (
)
185.00
Projects
To Carry out the Disinvestment of 24,000,0000 shares held by the selling shareholders of the company
Listing the Equity shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd