RITES Ltd. ipo to hit the market on 20th June and ends on 22nd June. Its a PSU company and when we look at the past records of the 2018 it was not a good performance by PSU companies on the listing. As per the RITES Ltd concerns the price band is attractive and the gmp is going well. We can expect a good listing for the company. There is lot more positive about the company and investors will surely go for the subscription. Check RITES Ltd. ipo gmp by day to day.
RITES Ltd IPO Review:
RITES Ltd IPO Subscription: (Fully Subscribed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.02 | 0.32 | 71.71 |
| HNI | 0.19 | 0.49 | 194.56 |
| RII | 1.65 | 5.59 | 15.74 |
| EMP | 0.23 | 0.57 | 0.96 |
| Total | 0.59 | 2.11 | 67.23 |
RITES Ltd IPO Review:
- Apply with Short Term & Long Term Gain
- IPO Open: 20-June-2018
- IPO Close: 22-June-2018
- IPO Size: Approx Rs.466 Crore (Approx)
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.180 to 185 Per Share
- Listing on: BSE & NSE
- Retail Portion: 35%
- Equity: 2,52,00,000 Shares
- Discount: Rs.6 (Retail & Employees)
- Shares: Apply for 80 Shares (Minimum Lot Size)
- Amount: Rs.14,800 (For HNI & QIB)
- Amount: Rs.14,320 (For RII & EMP)
- Basis of Allotment: 28-June-2018
- Refunds: 29-June-2018
- Credit to demat accounts: 29-June-2018
- Listing: 02-July-2018
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