IPO

Rites Ltd IPO

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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.

Rites Ltd IPO Subscription Details

Company

Rites Ltd

Issue Type

(Book Built Portion)

Open Date

20 Jun

Close Date

22 Jun

Offer Price

185.00

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  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of Rites Ltd IPO

Company Contact Information

Rites Ltd IPO
Scope Minar Core-I,
Laxmi Nagar,
New Delhi, New Delhi 110092.

Phone: 91-011-23354800/22024610
Email: ptmittal@rites.com

Rites Ltd IPO Register

Karvy Computershare Pvt Ltd

Rites Ltd IPO Lead Manager(s)

  • Elara Capital (India) Pvt Ltd
  • Enam Securities Pvt Ltd
  • ICICI Securities Ltd
  • IDBI Capital Markets & Securities Ltd
  • IDFC Bank Ltd
  • Kotak Mahindra Capital Company Ltd
  • SBI Capital Markets Ltd

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