RITES Limited

CLOSED

OFS · IPO Guide

Floor Price

₹298

Lot Size

1Shares

Min. Investment

₹298

Subscription

1.32x

Expert Rating

Neutral

For RITES Limited, it has shown continuous growth and good dividend yields. At CMP, its fairly priced and difference of CMP and floor price is around 2% for retail (as Rs 8 discount is given to RII). So, we suggest NEUTRAL for this OFS.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Start Date	Feb 27, 2020
Close Date	Feb 28, 2020
Offer Size	—
Offer Size for Retail Investors	Base Offer Size 0 shares
Offer Size for Non Retail Investors	Base Offer Size 0 shares
Face Value	Rs 10/- Per Equity Share
Floor Price	Rs 298/- Per Equity Share
Lot Size	1
Tick Price	0.05
Min Bid Quantity	1
Allocation Methodology	Price Priority
Non Retail Clearing Price	Rs 298/-
Retail Clearing Price	Rs [ . ]/-
Selling Member	Elara Securities (India) Private Limited, IDBI Capital Markets and Securities Limited and SBICAP Securities Limited
Seller Promoter	Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited, BTL Portfolio Limited

RITES Limited

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