LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  IPO  :  RITES files DRHP with SEBI for IPO

RITES files DRHP with SEBI for IPO (18-Jan-2018)

RITES' has filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offer (IPO) to raise an estimated Rs 600 crore through an initial share sale.

The IPO will see sale of 2.4 crore equity shares, amounting to 12% by the promoter. The company is aiming to achieve the benefits of listing the equity shares on the stock exchanges.

Elara Capital (India), IDBI Capital Markets & Securities, IDFC Bank and SBI Capital Markets will manage the issue.

Incorporated by the railways ministry, RITES provides transport consultancy and engineering services.  The company had a post-tax-profit of Rs 362 crore in 2016-17 and revenues from operations stood at Rs 1,354 crore.



Top News Today
Rama Vision gets appointed as distributor of Nuby's products
(21-Feb-2018)

Rama Vision gets appointed as distributor of NubyRama Vision has been appointed as the distributor of Nuby's products of Nuby Asia Pacific, which is an established Baby Care Brand of USA for distribution of all its infant care products in India.Rama......click on news to read complete article.

Parag Milk Foods wins two awards for 'Gowardhan Ghee'
(21-Feb-2018)

Parag Milk Foods wins two awards for Parag Milk Foods has received two prestigious awards for its flagship product - Gowardhan Ghee. Consumer Voice ranked Gowardhan Ghee as No. 1 in product testing and The Brand Trust Report declared Gowardhan......click on news to read complete article.

IRIS Business Services bags two orders in South Africa
(21-Feb-2018)

IRIS Business Services bags two orders in South AfricaSouth Africa's business registry, the Competition and Intellectual Property commission (CIPC) has launched its pilot XBRL filing program with technology from global XBRL major, IRIS Business Services.Additionally,......click on news to read complete article.

International Stock News
Asian markets trade mostly higher in early deals on Wednesday
(21-Feb-2018)

Asian markets trade mostly higher in early deals on WednesdayAsian equity benchmarks are trading mostly in green in early deals on Wednesday, supported by better-than-expected manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day......click on news to read complete article.

Asian markets trade mostly higher in early deals on Wednesday
(21-Feb-2018)

Asian markets trade mostly higher in early deals on WednesdayAsian equity benchmarks are trading mostly in green in early deals on Wednesday, supported by better-than-expected manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day......click on news to read complete article.

US markets snap six-day winning streak
(21-Feb-2018)

US markets snap six-day winning streakThe US market snapped six-day winning streak on Tuesday, with the Dow and S&P 500 weighed down by a steep loss for Walmart as investors also watched climbing bond yields, which could make equities......click on news to read complete article.

 

     
  
Recent IPO News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.