RITES IPO Subscribed Nearly 67 Times On Last Day Of Issue. Five Things To Know

The RITES IPO (initial public offering) opened on Wednesday. On the last day of issue, the issue was subscribed nearly 67 times, the NSE data revealed. Total number of bids that were received on the third day of IPO stood at 167.98 crore against the total issue size of 2.52 crore. With RITES IPO, the government intends to divest 12.6 per cent of its stake in the company. RITES was earlier known as Rail India Technical and Economic Se...