RITES IPO issue that received an overwhelming investor response made its debut on the bourses in today's trade with a premium of 2.7% over the issue price i.e. at Rs. 190. The public sector construction consultancy firm was the first state-owned company that floated the IPO offer this financial year. Through the offer for sale offer government aimed at divesting close to 12.6% stake in it. This year the government aims to garner a total of Rs. 80,000 crore from its divestment plans in public sector undertakings.
RITES And Fine Organics Debut At 2.7% And 4% Listing Gains Respectively
RITES (Rail India Technical and Economic Service) is an engineering consultancy in the field of transport infrastructure, established in 1974. It was awarded the Miniratna (Category I) status in 2002. The company has diversified service and geographical experience handling projects in over 55 countries in Asia, Africa, Latin America and South America.
Another firm Fine Organics also hit the bourses with 4% gains on the NSE at Rs. 815.
Fine Organic is the largest manufacturer of oleochemical-based additives in India
Goodreturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google