The initial public offering of RITES Limited is set to get listed on both of the Exchanges i.e. the National Stock Exchange and Bombay Stock Exchange. RITES IPO will list as on June 20 ,2018 with a price band of Rs. 180-185 per equity share. Interested clients can fetch relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates, Subscription details, application form & research recommendation etc. RITES Limited has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The lot size for applying the IPO is for 80 shares. One can apply for this IPO through ASBA i.e. Application supported by Blocked amount only. The retail segment can apply maximum application amount of Rs. 2 lacs of the issue.
Company profile:-
The Company was incorporated on April 26,1974 in Delhi and Haryana in India. It is fully owned Government Company. The firm works as a transport infrastructure consultancy organization in the railway sector. It is also providing its consultancy services in the sector of infrastructure and energy market consisting urban transport, roads and highways, ports, inland waterways, airports, institutional buildings, ropeways, power procurement and renewable energy. It has working experience in many public sector undertakings, government agencies and instrumentalities and large private sector corporations, both in India and abroad. The company serves its projects over 55 countries like Asia, Africa, Latin America, South America and Middle East regions.
The firm have developed its expertise as mentioned below:-
- Design, engineering and consultancy services in transport infrastructure sector with focus on railways, urban transport, roads and highways, ports, inland waterways, airports and rope-ways; Leasing, export, maintenance and rehabilitation of locomotives and rolling stock;
- Undertaking turnkey projects on engineering, procurement and construction basis for railway line, track doubling, 3rd line, railway electrification, up gradation works for railway transport systems and workshops, railway stations, and construction of institutional/ residential/ commercial buildings, both with or without equity participation;
- Wagon manufacturing, renewable energy generation and power procurement for Indian Railways through our collaborations by way of joint venture arrangements, subsidiaries or consortium arrangements.
Outlook of the Firm:-
- Provide wide range of consultancy services and a various sector portfolio in the transport infrastructure space;
- Maintain large order book with strong and diversified clientele base across sectors;
- Efficient in technical systems and business divisions with specialized domain knowledge;
- Experienced management team and technically qualified team;
- Robust financial performance followed by strong internal control and risk management system;
- Preferred consultancy organization of the Government of India including the Indian Railways.
Objects Of The Issue:-
The objects of the Offer are to-
- To 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 such Equity Shares that may be reserved for Employee Reservation Portion, if any, subject to necessary approvals
- To avail the benefits of listing the Equity Shares on the Stock Exchanges.
Summary Of Issue:
| Issue Open:- | Jun 20, 2018 – Jun 22, 2018 |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Value) | 25,200,000 Equity Shares of Rs 10 aggregating up to Rs 466.20 Cr |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | [Rs 180 – Rs 185] Per Equity Share |
| Market lots | 80 Shares |
| Minimum Order Quantity | 80 Shares |
| Listing At | BSE, NSE |
(*) indicates to be updated
RITES IPO Subscription Details
| Sr.No. | Category | No. of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 12000000 | 860586560 | 71.72 |
| 2 | Non Institutional Investors (NIIs) | 3600000 | 700422960 | 194.56 |
| 3 | Retail Individual Investors (RIIs) | 8400000 | 132215760 | 15.74 |
| 4 | Employee | 1200000 | 1152480 | 0.96 |
| Total | 25200000 | 1694377760 | 67.24 |
Updated as on 22th June 2018 at 05:00 pm.
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Important dates for RITES IPO Allotment Status
Rites Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
- The Allotment date for RITES IPO issue is expected on June 27, 2018.
- The amount will get unblocked on June 28, 2018
- The Shares are expected to credit in DP accounts on June 28, 2018
- The Shares of RITES Limited is likely to get listed on June 29, 2018 on both BSE and NSE.
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How to check RITES IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Check Your IPO Allotment Status
- Go to Application Status
- Select IPO as RITES IPO
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “RITES Limited” IPO Application Form
From BSE: click here
From NSE: click here
Promoters Of the Company:-
The President Of India, Acting through the Ministry of Railways Government Of India
Financials:-
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Equity And Liabilities | 48031.69 | 44,092.06 | 36056.30 | 36363.82 | 32867.96 |
| Total Revenue | 15637.21 | 12267.27 | 11591.07 | 12234.70 | 10830.52 |
| Total Expenses | 10439.54 | 7731.78 | 6917.76 | 8357.80 | 7534.85 |
| Profit After Tax (PAT) | 3624.16 | 2827.31 | 3122.88 | 2605.36 | 2330.57 |
Book Running Lead Managers Details:-
1) 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
Website: www.elaracapital.com
Investor Grievance ID: mb.investorgrievances@elaracapital.com
Contact Person: Mr. Kunal Safari
SEBI Registration Number: INM000011104
2) IDBI Capital Markets & Securities Limited
(Formerly known as IDBI Capital Market Services Limited)
Address: 3rd floor, Mafatlal Center,
Nariman Point, Mumbai – 400 021, India
Telephone: +91 22 4322 1212
Facsimile: +91 22 2285 0785
Email: ipo.rites@idbicapital.com
Website: www.idbicapital.com
Investor Grievance ID: redressal@idbicapital.com
Contact Person: Mr. Sumit Singh
SEBI Registration Number: INM000010866
3) 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 6622 2501
Email: rites.ipo@idfcbank.com
Website: www.idfcbank.com
Investor Grievance ID: mb.ig@idfcbank.com
Contact Person: Mr. Akshay Bhandari
SEBI Registration Number: MB/INM000012250
4) SBI Capital Markets Limited
Address: 202, Maker Tower ‘E’, Cuffe Parade,
Mumbai – 400 005, India
Telephone: +91 22 2217 8300
Facsimile: +91 22 2218 8332
Email: rites.ipo@sbicaps.com
Website: www.sbicaps.com
Investor Grievance ID: investor.relations@sbicaps.com
Contact Person: Mr. Nikhil Bhiwapurkar/ Mr. Sambit Rath
SEBI Registration Number: INM000003531
Registrar To The Issue:-
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
Website: www.linkintime.co.in
Investor Grievance ID: rites.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Registered Office Details:-
RITES Limited, Scope Minar,
Laxmi Nagar, Delhi – 110 092, India;
Corporate Office: RITES Bhavan, No. 1,
Sector 29, Gurugram– 122001, India
Contact Person: Mr. Param Tej Mittal,
Company Secretary, GM (Legal) and Compliance Officer Registered Office:
Telephone: +91 11 22024610;
Fax: +91 11 22024660;
Corporate Office: Telephone: +91 124 2571665;
Fax: +91 124 2571187
E-mail: cs@rites.com;
Website: www.ritesltd.com
Corporate Identification Number: U74899DL1974GOI007227
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