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RITES IPO subscribed 0.6 times on Day 1

Price band for the issue has been fixed at Rs 180-185.

June 20, 2018 / 05:40 PM IST
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The initial public offer of RITES has been subscribed 0.60 times so far on the first day of bidding on Wednesday.

The IPO to mop-up Rs 466 crore received bids for 1.5 crore shares against the total issue size of 2.52 shares, data available with the NSE till 5 pm showed.

The segment meant for qualified institutional buyers (QIBs) has subscribed 0.02 times, non-institutional investors 0.19 times and retail investors 1.64 times.

Price band for the issue has been fixed at Rs 180-185 per share.

Elara Capital India, IDBI Capital Markets & Securities, SBI Capital Markets and IDFC Bank are book running lead managers to the issue. Link Intime India is the registrar.

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The company's shares are proposed to be listed on BSE and the NSE.
Moneycontrol News
first published: Jun 20, 2018 05:40 pm

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