RITES IPO subscribed over 65 times on last day
RITES' IPO that was fully-subscribed on Thursday continues to see strong demand even today. Livemint reported that as of 4 pm, the RITES IPO was subscribed over 66 times, citing NSE data. The price band of IPO has been fixed at Rs 180-185 per share, with a lot size of 80 shares and in multiples thereafter.
The government selling 12% stake or 2.52 crore equity shares in the RITES IPO that includes 12 lakh shares to the employees. Image source: Reuters