RITES Limited IPO

Mainboard IPOListedRITESNSE

Current Market Price (CMP)

₹189.40(+2.38%)

Current Price (CMP)

₹189.40(+2.38%)

Live Market Quote

Listing Price & Gain

₹76(-58.92%)

Day 1 Exchange Open

IPO Issue Price

₹185

Band: ₹180 - ₹185

Total Subscription

67.24x

Overall Bid Demand

Total Issue Size

—

Gross Public Offer

IPO Schedule & Key Dates

IPO Bidding Opens

20 Jun 2018

IPO Bidding Closes

22 Jun 2018

Allotment & Refunds

Completed

Exchange Listing Day

02 Jul 2018

IPO Subscription Status

Breakdown of institutional, high-net-worth, and retail bidding demand

Overall Demand: 67.24x

Investor Category	Subscription	Shares Offered	Shares Bid
Qualified Institutional Buyers (QIB)	71.72x	1,20,00,000	86,05,86,560
Non-Institutional Investors (NII / HNI)	194.56x	36,00,000	70,04,22,960
Retail Individual Investors (RII)	15.74x	84,00,000	13,22,15,760
Employees Reservation	0.96x	12,00,000	11,52,480
Total Subscription	67.24x	2,52,00,000	1,69,43,77,760

Updated as on 22nd Jun 2018 at 2230 hrs

Listing Day & Return Performance

Listing Day Gain-58.92%

₹185 (Issue) → ₹76 (List)

Per share profit: ₹-109.00

Holding Return (Till Date)+2.38%

₹185 (Issue) → ₹189.40 (CMP)

Net gain per share: +₹4.40

Post-Listing Performance (Listing Day → Today):+149.21%

About RITES Limited IPO

RITES Limited is an Indian public offering categorized under the Mainboard segment. The public issue opened for bidding on 20 Jun 2018 and concluded on 22 Jun 2018, offering equity shares to institutional, non-institutional, and retail investors with an indicative price band of ₹180 - ₹185.

During the bidding window, RITES Limited witnessed heavy demand with an overall subscription of 67.24 times. Institutional investors (QIB) subscribed 71.72x, non-institutional high-net-worth investors (NII) subscribed 194.56x, and retail individual investors (RII) bid 15.74x their reserved quota, alongside employee participation of 0.96x.

The equity shares of RITES Limited officially debuted on the stock exchanges on 02 Jul 2018 at an opening listing price of ₹76, delivering a listing day return of -58.92% (discount) over the final issue price. As per the latest market data, the stock trades at ₹189.40, representing an overall gain of +2.38% since its IPO allotment.

Frequently Asked Questions

What was the issue price or price band of RITES Limited IPO?

The issue price of RITES Limited IPO was fixed at ₹185 per equity share. The indicative bidding price band was ₹180 - ₹185.

What were the open, close, and listing dates for RITES Limited IPO?

RITES Limited IPO opened on 20 Jun 2018, closed on 22 Jun 2018, listed on 02 Jul 2018.

How much was RITES Limited IPO subscribed?

The IPO received an overall subscription of 67.24 times. Category-wise, QIBs subscribed 71.72x, NIIs subscribed 194.56x, and Retail investors subscribed 15.74x.

What was the listing price and listing gain of RITES Limited IPO?

RITES Limited IPO listed on the stock exchange at ₹76, delivering a listing discount of 58.92% compared to the IPO issue price of ₹185.

Is RITES Limited IPO a Mainboard or SME IPO?

RITES Limited IPO is a Mainboard IPO listed on the main exchange of NSE.

What is the current return of RITES Limited IPO since its IPO?

At the latest market quote of ₹189.40, RITES Limited IPO has generated an all-time return of +2.38% since its initial public offering.