Monday, November 25, 2019

RITES OFS 2019 Date, Floor Price, How to Apply, Subscription Details

RITES OFS 2019 to open on 22-Nov and closes on 25-Nov. As per the documents filed in BSE Government to sell 2,50,00,000 Equity Share via Rites Offer for Sale in November 2019. As per Businesstoday.in there were 61% buyers biding for OFS vs 39% seller bidding for the stock. As per the data, we can expect a full subscription in the RITES OFS 2019. The floor price is set Rs.293.5 for the RITES OFS 2019. There is an option to additionally sell up to 1,25,00,000 Equity Shares (representing 5% of the total issued and paid-up Equity Share capital of the Company) as part of the “Oversubscription Option” and in the event, the Oversubscription Option is exercised in RITES OFS.


RITES OFS 2019 Details:

 RITES OFS Dates:
  22-Nov to 25-Nov-2019
 Face Value:   ₹10
 OFS Floor Price   ₹293.5
 Discount   4.48%
 Offer Size:   ₹734 Crores
 Number of Shares:
  25000000
 Discount to Retail:
  5%

RITES OFS Subscription Numbers:

On Day 1 RITES OFS subscribed 1.11x times in which 0.73x from Non-Retail.

How to Apply RITES OFS?

You can go to the BSE Website and apply for RITES OFS. Click Here