RITES is a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies. The major business engagements as consultants, engineers and project managers are in railways, highways, airports, ports, ropeways, urban transport and inland waterways in India and abroad. The company also provides services of third party inspection, quality assurance, construction supervision & project management, operations & maintenance, leasing, export of rolling stock and modernization of railways workshop projects, doubling and electrification on turnkey basis.(Source : 202103 Annual Report Page No:134)
| Bidding Dates |
|---|
| 20 Jun 2018 - 22 Jun 2018 |
| Subscription |
|---|
| 67.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹4536.0 M | - |
Rites IPO SUBSCRIPTION STATUS
22 Jun '18Rites IPO overall subscription rate was 67.24 times the total available shares
Rites IPO retail subscription rate was 15.74 times in the retail segment
Rites IPO non-institutional investor subscription rate was 194.56 times in the non-institutional investor category
Rites IPO Qualified Institutional Bidder subscription rate was 71.72 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | - | - | - |
22 Jun 2018 | 15.74x | 194.56x | 71.72x |
Rites IPO SUBSCRIPTION STATUS DETAILS
Rites IPO offer price was ₹185
Rites IPO issue size was ₹ 4536.0 M
Rites NUMBER OF SHARES ON OFFER
Rites IPO IMPORTANT DATES
| Issue Open Date | 20 Jun 2018 |
| Issue close Date | 22 Jun 2018 |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | 02 Jul 2018 |
| Listing on Exchange(s) | NSE and BSE |
| Rites Allotment Status | Exchange |
Rites IPO subscription opened on 20 Jun 2018, and closed on 22 Jun 2018
IPO listing for Rites was on NSE and BSE on Monday, 02 Jul 2018
Rites IPO LISTING GAINS
| Issue Price (adjusted) | 74.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 212.7 |
| Listing Gain% | 2.7% |
| Current Gain% | 216.5% |
Rites Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rites Ltd. | 234.2 | 26.4 | 3.2 | 4.6 | 16.9 | 7.7 | 2524.6 | 8.7 | 454.4 | 18.1 | 8.9 | 8.2 | |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Rites IPO Reports
Rites INFORMATION ON IPO ISSUE
About Rites
RITES is a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies. The major business engagements as consultants, engineers and project managers are in railways, highways, airports, ports, ropeways, urban transport and inland waterways in India and abroad. The company also provides services of third party inspection, quality assurance, construction supervision & project management, operations & maintenance, leasing, export of rolling stock and modernization of railways workshop projects, doubling and electrification on turnkey basis.(Source : 202103 Annual Report Page No:134)
IPO FAQs
Rites Ltd. IPO listing opened at Rs 190.00 while the issue price was Rs 185.00 giving 2.70% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 74.00 giving 216.54% gains since its IPO listing.
The IPO application opens on Jun 20, 2018 and closes on Jun 22, 2018.
Rites Ltd.’s shares listed on the stock exchanges on Jul 02, 2018.