November 22, 2019

RITES - OFS -25/11/2019-Floor Price-Rs.293/50p

RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. RITES Ltd. 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 in transfer of technology to client organizations.
Please see below details of Rites Ltd. 




Date of Offer for Sale

For Retail Investors : Monday, 25.11.2019



No: of shares being offered for sale

Base offer size: 2,50,00,000

Total shares : 3,75,00,000 (With an additional option to sell up to 1,25,00,000 shares)

Offer Size for Retail Investors

Base offer size: 50,00,000

Total shares : 75,00,000 (With an additional option to sell up to 25,00,000 shares)

Face Value

Rs. 10/-

Floor Price (Rs)

Rs 293.50 /-

Discount to Retail

5% to the Cut Off price

Tick Price

Rs 0.05

Lot Size

1 Equity Share

Allocation Methodology

Price Priority Method

Stock exchanges


Exchange Bidding Time

09:15 AM to 15:30 PM

Reservation Portion for Retail

20 % of Issue Size reserved for Retail Investors

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