Rite water solutions (India) IPO Details: Launch Date, Share Price, Size & Review

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Rite water solutions (India) IPO Details: Launch Date, Share Price, Size & Review

Business Profile of Rites Water Solutions Limited

Rite Water Solution was established in Nagpur in 2006 and the company offers diverse solutions for rural & urban transformations focused on water solutions, solar agriculture solutions, and Internet on Things (IOT) solutions for energy. The company focused on sustainability clean water and energy solutions by leveraging innovation in water and energy management. In water solutions, the company delivers products for rural, urban, and industrial solutions. In the solar category company delivers solar water pumps and solar cold storage for farmers’ use and in IOT Company uses this technology to collect useful information related to water like water quality, flow, and residual chlorine in water.

Rites Water Solutions Limited IPO Objective

As per the draft red hearing prospects, the IPO issue consists of fresh issue and offer for sale. The fresh issue consists of XXXX shares at the face value of ₨ 2 each aggregating up to ₹ 3,000.00 million and OFS up to XXXX Equity Shares at the face value of ₨ 2 each aggregating up to ₹ 4,450.00 million. There are fresh issue and OFS shares by company and main objective of company is funding working capital requirements and general corporate purpose of company.

Issue Price & Size: Rites Water Solutions Limited IPO

The issue price of Rites Water Solutions Ltd hasn’t been released yet. Upon releasing the dates, the investors can bid between those price ranges. The company has an offer for sale of XXXX equity shares at the price of ₨XXXX and fresh issue of XXXX equity shares aggregating up to ₹ 3,000.00 million.

Launch Date of Rites Water Solutions Limited

The IPO opening date of Rites Water Solutions Ltd hasn’t been officially announced yet, upon the declaration of dates investor can bid for IPO.

Should You Subscribe to Rites Water Solutions Limited IPO or Not

While investing or subscribing to any IPO, consider the investment rationales related to the company. Hence, here you can find out the strength of the company that will be its growth factors. And also check the risk factors that can affect the growth and operational efficiency of the company.

Competitive Strengths of Rites Water Solutions Limited:

Comprehensive solution in clean-tech projects

The company is the only player in the market with a diverse offering for rural transformation in which the company focuses on water solutions, solar agriculture solutions, and IOT solutions for energy. Rite Water Ltd. has a comprehensive portfolio with a wide range of application products in wastewater treatment, disinfection, purification, water supply, solar-powered irrigation pumps, and cold storage. Through this company range of climate based solution that solves various environmental problems.

Satisfied track record in past projects

Rite solution ltd. have proven track record of completion of complex projects at pan India. Company has expertise in ability to scale operations with industry knowledge & technical know-how like project of electro chlorination plants in Maharashtra across 17000+ villages under Jal Jevan Mission shows its potential for work. In this company diverse portfolio help to deliver impactful projects in India.

Asset light model business

Company focus its manufacturing on its core competences by manufacturing only necessary components through this company focus on specific area where they have expertise. Assets light model reduce the capital expenditure and help in scalability & flexibility by outsourcing of non-core manufacturing components. Through outsourcing company can also leverage advantage of supplier capability.

Strategic partnership

The company has a long-standing track record of more than 16 years of collaboration with the government in completing large projects. Rites Solution Ltd. has involvement in government schemes like the PM kusum scheme, Jal Jevan Mission and NMCG etc. These projects in partnership with government help company to operate and complete projects at large scale, it also encourage private player to collaborate with company. By ensuring balanced allocation of projects in solar, water and IOT solution Company ensure financial stability and growth.

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