Rites Ltd IPO


IPO Subscription Details

  • Open Date 20 Jun
  • Close Date 22 Jun
  • Lot Size 80
  • IPO Size ₹ 460.51 Cr
  • IPO Price Range ₹ 185
  • Min Investment ₹ 14800

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

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