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Rites Limited IPO.

Rites Limited IPO Full Detail


Company Promoters :

The President of India.

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. 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 a diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies. It has a 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.

Rites Limited’s financial performance (in INR crore)

Rites Limited IPO details

Offer For Sale    :        25,200,000 shares (INR448.31 – 460.91 crore)

Total IPO size    :        25,200,000 shares (INR448.31 – 460.91 crore)

Face Value        :        INR10 per share

Registrar           :        Link Intime India Private Limited

Net Offer           :        2,40,00,000 Equity Shares Aggregating to Rs. [.] million

Valuation of Rites Limited (Based on latest FY)

Earnings Per Share (EPS)          :    INR17.67

Price/Earnings (P/E) ratio           :    10.18 – 10.46

Return on Net Worth (RONW)    :     17.31%

Net Asset Value (NAV)                :      INR102.12 per share

Listing Performance of Rites Limited

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

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