 "IPO, Initial Public Offer")
The initial public offer (IPO) of RITES – a government-owned railway consultancy firm and a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise – opens for subscription today. The price band for the issue has been fixed at Rs 180-185 a share (discount of Rs 6 per share for retail shareholders and employees), and the government aims to raise up to Rs 460 crore via this sale. The issue closes on June 22.
Also Read: RITES readies Rs 2.5 billion for IRSDC stake; IPO to boost railways infra
Also Read: RITES readies Rs 2.5 billion for IRSDC stake; IPO to boost railways infra
Established in 1974, RITES has undertaken projects in over 55
