RITES IPO

RITES LTD. IPO Allotment | RITES IPO Rs.6 Discount to Retail Investor


RITES IPO Allotment Status

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RITES IPO is part of disinvestment plan of GoI. Rites Ltd. is a Government of India a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, Incorporated in 1974, under the aegis of Indian Railways. RITES Ltd., an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.

The company has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. RITES Ltd is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia, and Indonesia).

RITES Experience:


  1. Design, engineering and consultancy services in transport infrastructure sector with a focus on railways, urban transport, roads and highways, ports, inland waterways, airports, and ropeways;
  2. Leasing, export, maintenance, and rehabilitation of locomotives and rolling stock;
  3. Wagon manufacturing, renewable energy generation and power procurement for Indian Railways through collaborations by way of joint venture arrangements, subsidiaries or consortium arrangements.

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RITES Clients:
Public sector  Private sector 
Indian Railways, L&T Metro Rail (Hyderabad) Limited,
NTPC, Kanti Bijlee Utpadan Nigam Limited (KBUNL),
High Speed Rail Corporation of India Limited, Cimmco Limited,
Public Works Department, Titagrah Wagons Limited,
DMRC, Snowmex Engineers Limited,
Steel Authority of India Limited, Unity Infraprojects Limited,
Rashtriya Ispat Nigam Limited, Rajdeep Buildcon Private Limited,
Hindustan Petroleum Corporation Limited, MNEC Consultants Private Limited,
Bharat Coking Coal Limited, Indian Geotechnical Services Limited,
Airports Authority of India Geokno India Private Limited
RITEs Financials:
in cr. FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenues 1083.1 1223.5 1159.1 1226.7 1563.7 1061.1
Total expenses 753.5 835.8 691.8 773.5 1044.7 669.5
Profit after tax 238.1 258.8 314 280 353.3 239
Net margin (%) 22 21.2 27.1 22.8 22.6 22.5
RITEs Valuations:
Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW)
17.64 10.48 17.28%`
RITEs IPO Dates:
Issue Opens on 20th June 2018
Issue Closes on 22nd June 2018
Finalization of Basis of Allotment 27th June 2018
Initiation of Refunds 28th June 2018
Credit of Equity Shares:  29th June 2018
Listing Date 2nd July 2018
RITEs IPO Issue Details:
Issue Price Rs. 180 – 185
Face Value Rs.10
Minimum Lot 80 shares
Minimum Investment Rs. 14,800
Issue Size Rs. 466.2 cr
Market Cap Rs. 3700 cr
Listing at NSE & BSE
Retail Investors Discount Rs. 6
RITEs IPO Grey Market Premium:

Rs 22./- (For updated GMP ask me on YouTube or join me on telegram channel – https://t.me/quriousbox )

RITEs IPO Detailed Review: