Railways consultancy firm RITES is coming out with an initial public offering (IPO) to raise around Rs 460 crore. The issue will open on June 20, 2018 and will close on June 22, 2018. It has fixed a price band of Rs 180-185 per share. The shares of the company are proposed to be listed on NSE and BSE.The objects of the offer is to achieve the benefits of listing equity shares on the stock exchanges. The book running lead managers to the issue are Elara Capital (India), IDBI Capital Markets & Securities, IDFC Bank and SBI Capital Markets.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.
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