The government has proposed to sell 1.25 crore equity shares, in aggregate representing 5% stake in the company on 27 February 2020 (for non-retail investors only) and on 28 February 2020 (for retail investors and for non-retail investors), with an option to additionally sell up to 1.25 crore equity shares, representing 5% stake, through an offer-for-sale (OFS). The floor price for the OFS is Rs 298 per share.

RITES is a public sector enterprise (PSE) and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The government's stake in RITES stood at 77.39% as on 31 December 2019.