RailTel Corporation shares trade at 43% premium in grey market ahead of IPO
The issue, which comprises a full offer for sale of 8,71,53,369 equity shares by the Government of India, will fetch the government Rs 819.24 crore at higher price band. February 12, 2021 / 11:32 AM IST
RailTel Corporation of India, one of the largest neutral telecom infrastructure providers in India, traded at a 43 percent premium to the issue price in the grey market on February 11, ahead of public issue opening next week.
The public offer will open for subscription on February 16 and the same will close on February 18. The company has fixed issue price band at Rs 93-94 per share.