IPO is a first sale of shares by the private companies to the public. The companies raise funds through IPO for acquisitions, debt repayment, research and general corporate purposes.

The RITES Limited IPO will open on June 20 to raise the fund for their next projects and achieve the advantages of listing. Have a look at the IPO details below:

Issue Open – June 20 – Jun 22, 2018

Face Value – INR 10 / equity share

Issue Type – Book Built Issue IPO

Issue Price – Not Decided Yet

Listing at – BSE & NSE

About the RITES Limited:

Started in 1974, RITES Ltd. is a 9001:2008 Government of India Enterprises under the aegis of Indian Railways. It’s a multi-disciplinary consultancy in the fields of infrastructure, transport & relevant technologies.

Only 9 days left for this IPO. Do the proper homework before filling up this IPO.