BSE SME IPO Index Dips Down- Know Your Company
RITES Limited is an ISO 9001:2008 government organization involved in consulting for transportation and infrastructural projects for clients. The company operates under the aegis of Indian Railways in delivering projects for Indian as well as foreign companies.
Date of Incorporation: The company was incorporated on 26th April, 1974 in Delhi
Promoters of RITES Ltd : President of India is the sole promoter of the company acting through the MoR.
Products and services offered: The company offers multi-disciplinary consultancy services in the area of transportation, infrastructure and related technologies.
The company also takes up foreign projects where it creates partnerships with local organizations to deliver its services and expertise
Customer segments: The clientele base of Rites limited include various central and state government ministries, departments, instrumentalities as well as local government bodies and public sector undertakings.
Objective of the Issue: The objective of the Offer are-
- To carry out the disinvestment of Equity Shares held by the Selling Shareholder in the Company,
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
For the year/period ended (in Rs.
Profit After Tax