Business description – Rites Limited is a wholly owned Government Company, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India and the only company having diversified services and geographical reach in this field under one roof.
The company has an experience spanning 43 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions.
NSE IPO Review by Markets Guruji
The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
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.
It has significant presence as a transport infrastructure consultancy organization in the railway sector. However, it also provides consultancy services across other infrastructure and energy market sectors including urban transport, roads and highways, ports, inland waterways, airports, institutional buildings, ropeways, power procurement and renewable energy.
Promoters of Rites Limited – The President of India
|Rites Limited IPO details|
|Subscription Dates||20 – 22 June 2018|
|Price Band||INR180 – 185 per share (retail discount INR6 per share)|
|Offer For Sale||25,200,000 shares (INR448.31 – 460.91 crore)|
|Total IPO size||25,200,000 shares (INR448.31 – 460.91 crore)|
|Minimum bid (lot size)||80 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|Rites Limited’s financial performance (in INR crore)|
|Profit after tax||238.1||258.8||314.0||280.0||353.3||239.0|
|Net margin (%)||22.0||21.2||27.1||22.8||22.6||22.5|
Rites Limited Contact Details
RITES Bhavan No.
Phone: +91 124 2571665
Fax: +91 124 2571187
Registrar of Rites Limited IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Valuation of Rites Limited (Based on latest FY)
Earnings Per Share (EPS): INR17.64
Price/Earnings (P/E) ratio: 10.20 – 10.48
Return on Net Worth (RONW): 17.28%
Net Asset Value (NAV): INR102.06 per share
Rites Limited IPO Subscription Details
|Category||Shares offered||Subscription (no.
of times, at 5 pm)
|Day 1||Day 2||Day 3|
Rites Limited IPO Allotment Status
Rites Limited IPO allotment status is now available on Link Intime’s website.
Click on this linkto get allotment status.
Listing Performance of Rites Limited
IPO Opening Date: 20 June 2018
IPO Closing Date: 22 June 2018
Finalisation of Basis of Allotment: 27 June 2018
Initiation of refunds: 28 June 2018
Transfer of shares to demat accounts: 29 June 2018
Listing Date: 2 July 2018
Listing Price on NSE: INR190 per share (up 6.14% for retail investors)
Closing Price on NSE: INR213.30 per share (up 19.16% for retail investors)