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TMI BlogRITES IPO subscribed over 66 timesX X X X Extracts X X X X X X X X Extracts X X X X ..... RITES IPO subscribed over 66 times - News and Press Release Dated:- 22-6-2018 - News - RITES IPO subscribed over 66 times IPO to bring ₹ 466 crore revenue to the Government The initi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al public offering (IPO) of PSU firm RITES, was subscribed 66.75 times. In the RITES IPO, the government is selling 12.6 percent stake or 2.52 crore equity shares, including 12 lakh shares to employee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. The Government is expected to raise ₹ 466 crore from the RITES issue. The issue received bids for 168.20 crore shares worth ₹ 30,630 Crore against the issue size of 2.52 crore shares wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rth ₹ 466 Crore. The segment meant for qualified institutional buyers (QIBs) was subscribed 71 times, non-institutional investors 194 times, while the retail investors segment was subscribed ove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 13 times. The numbers quoted above are likely to go up as these are based on the information available at 6 pm. RITES IPO is one of the highest subscribed IPOs in recent times. Price band for the is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sue has been fixed at ₹ 180-185 per share, with a discount of ₹ 6 for retails investors and employees. RITES is the first CPSE to launch an IPO in the current fiscal besides being the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irst Railway CPSE to be listed on the stock markets after Concor in 1994-95. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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