Gold Silver Reports (GSR) – RITES Lists At 3% Premium To Issue Price – Shares of Rail India Technical and Economic Services (RITES), the country’s first railway PSU, made a positive stock market debut after it raised Rs 460 crore via selling its shares through initial public offering (IPO).
RITES’ opened at ₹ 190, up 2.7 percent over its issue price of ₹ 185 and extended gains to rise as much as 6.5 percent……
The IPO saw huge demand for its shares as it was subscribed 67 times on the final day of listing.
