RITES has debuted at Rs 190.00 on the BSE, up by 5 points or 2.70% from its issue price of Rs 185.
The scrip is currently trading at Rs 217.50, up by 32.50 points or 17.57% from its issue price. It has touched a high and low of Rs 219.00 and Rs 190.00 respectively. So far 36,92,000 shares were traded on the counter.
The offering, which was open for subscription between June 20, 2018 and June 22, 2018, was subscribed 67 times. The issue price was fixed at Rs 185 per share i.e. at upper end of price band of Rs 180 - 185 apiece.
RITES, an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.
