RITES Limited IPO
RITES Limited was a mainboard IPO in the Civil Construction sector, offered at ₹72–₹74 per share to raise ₹466 crore. The issue was subscribed 67.24× overall (QIBs 71.72×, NIIs 194.56×, retail 15.74×). It listed on 2 Jul 2018 at ₹76 and closed its first day at ₹85, a listing gain of +15.3% versus the ₹74 issue price. It now trades around ₹188 (+154.4% versus the issue price).
Frequently asked questions
- How many times was the RITES Limited IPO subscribed?
- The RITES Limited IPO was subscribed 67.24× overall — 71.72× in the QIB category, 194.56× among non-institutional investors, 15.74× in retail.
- What were the RITES Limited IPO listing gains?
- RITES Limited listed on 2 Jul 2018 at ₹76, closing its first day at ₹85 — a listing gain of +15.3% versus the ₹74 issue price.
- What were the retail allotment odds for the RITES Limited IPO?
- Retail was subscribed 15.74×, so a single-lot application had roughly a 6.4% chance of allotment (about 1 in 16), and allotment was finalised on 26 Jun 2018.
- What was the price band and lot size of the RITES Limited IPO?
- The price band was ₹72–₹74 per share, with a minimum lot of 80 shares (₹5,920 at the upper band).
- Who were the registrar and lead manager for the RITES Limited IPO?
- Link Intime India Private Limted was the registrar, and Elara Capital was the book-running lead manager.