IPO Details
Rites Ltd.
RITES Bhavan, No. 1, Sector 29,Gurgaon, Haryana - 122001
Phone: 2571665 Fax: 2571187

Public Issue of 25200000 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 175.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
20/06/201822/06/2018185.00 -
Lead Managers Registrar Listed at
ELARA CAPITAL (INDIA) PRIVATE LIMITED
IDBI CAPITAL MARKETS & SECURITIES LIMITED
IDFC BANK LTD.
SBI CAPITAL MARKETS LTD.
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,, Vikhroli (West),
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
NSE
Object of the issue

The objects of the Offer are (i) to carry out the disinvestment of 24,000,000 Equity Shares held by the Selling Shareholder in the Company, equivalent to 12% of the issued, subscribed and paid up Equity Share capital of the Company as part of the Net Offer, and such Equity Shares that may be reserved for Employee Reservation Portion, if any, subject to necessary approvals and (ii) to achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that listing of the Equity Shares will enhance the visibility and brand image and provide liquidity to the shareholders. Listing will also provide a public market for the Equity Shares in India. the Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholder. For further details, see the section titled “The Offer”

Promoted by


The Promoter of the company is President of India