Rites IPO is into fields of transport, infrastructure, and related technologies and is all set to make a debut in the stock market with an issue size of 460.51 Cr.
Rites IPO – Overview
Tentative Dates
| Rites IPO opening date | 20 June 2018 |
| Rites IPO closing date | 22 June 2018 |
| Basis of Allotment | 27 June 2018 |
| Initiation of Refunds | 28 June 2018 |
| The credit of Shares to Demat | 28 June 2018 |
| Rites IPO Listing Date | 01 July 2018 |
Company Overview
It provides a comprehensive array of services under a single roof and believes in the transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms, as a means of maximum utilization of local resources and as an effective instrument of sharing its expertise.
Since its inception, the company has evolved from providing transport infrastructure consultancy and quality assurance services and have developed expertise in:
1. Design, engineering and consultancy services in transport infrastructure sector with a focus on railways, urban
transport, roads and highways, ports, inland waterways, airports, and ropeways;
2. Leasing, export, maintenance, and rehabilitation of locomotives and rolling stock;
3. Undertaking turnkey projects on engineering, procurement and construction basis for the railway line, track doubling, 3rd line, railway electrification, up gradation works for railway transport systems and workshops, railway stations,
and construction of institutional/ residential/ commercial buildings, both with or without equity participation; and
Rites IPO- Industry Overview
MoR prepared a white paper titled ‘Indian Railways –– FY19 and supported by Lifeline of the nation’ ‘s infrastructure and operations in the country. Thee state of railway investment in railways has led to overstretched infrastructure with more than 60% of routes being more than 100% utilized leading to huge unmet passenger demand and decreasing modal share in freight. Further, due to passenger fares being low, passenger trains utilized two generated one– third of capacity and a third of revenues, whereas high freight rates meant railway freight was getting out of the market. Hence, GoI identified ram price in the ping investments in Indian Railways as the top priority area. GoI realized that the lack of adequate carrying capacity and the resulting congestion has accelerated Indian Railway’s loss of market share to other modal transports.
Rites IPO-Objectives
- 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.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.
- To achieve the benefits of listing Equity Shares on the Stock Exchanges.
Rites IPO- Financial Statements
| Particulars | 31-March-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 48,031.69 | 44,092.06 | 36,056.30 |
| Total Revenue | 15,637.21 | 12,267.27 | 11,591.07 |
| Profit After Tax | 3,624.16 | 2,827.31 | 3,122.88 |
Rites IPO- Strengths
- The Revenue is growing at CAGR of 9.63% from FY13 to FY17.
- The Company has consistently clocking EBITDA Margins above 30% in the last 5 years.
- The Company is generating positive cash flows from operations in the last 5 years- Big Positive.
Company Contact Information
RITES Limited
RITES Limited Scope Minar
Laxmi Nagar, Delhi – 110 092
Phone: +91 11 22024610
Email: cs@rites.com
Website: http://ritesltd.com/
Rites Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rites.ipo@linkintime.co.in
Website: https://linkintime.co.in/
RITES Limited IPO Lead Manager(s)
- Elara Capital (India) Private (Past IPO Performance)
- IDBI Capital Market Services Limited (Past IPO Performance)
- IDFC Bank Limited (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
