RailTel IPO opens today: Price band, lot size, issue size & other details
The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 shares or Rs 189,410)
BusinessToday.In | February 16, 2021 | Updated 10:03 IST
State-owned RailTel Corporation of India IPO is a complete offer for sale of 8,71,53,369 equity shares by the Government of India. and is worth Rs 819.24-crore
RailTel Corporation IPO- the seventh public offering of 2021-will open for subscription today. The IPO is available at a price band of Rs 93-94 per share, with face value of Rs 10 apiece. The public offer of the Mini-Ratna company will close on February 18.
RailTel Corporation of India IPO day 1: Issue subscribed 2.63 times, retail portion booked 5 times
The company is expected to enjoy premium post listing owing to absence of major players in the listed space, said Ajcon Global. February 16, 2021 / 07:50 PM IST
The public offer of RailTel Corporation of India, the information and communications technology (ICT) infrastructure provider, has subscribed 2.63 times so far in morning on February 16, the first day of bidding.
The issue has received bids for 16.13 crore equity shares against offer size of over 6.11 crore shares, the subscription data available on the exchanges showed.
The retail investors seem strongly supportive to the issue as their reserved portion has subscribed 4.99 times, and that of employees 81 percent. The portion set aside for non-institutional investors has subscribed 75 percent, while qualified institutional buyers have not started putting their bids yet.
RailTel grey market premium rises to 50% ahead of IPO
As per the company s DRHP, the net proceeds from RailTel Corporation of India s Rs 819.24-crore initial public offer are to be used for carrying out the disinvestment plan and to achieve the benefits of equity share listing on the stock exchanges
BusinessToday.In | February 15, 2021 | Updated 13:10 IST
The President of India, acting through the Ministry of Railways is the promoter of the company. KFintech Private Limited is the registrar for the IPO
The public offer Mini-Ratna category company, RailTel Corporation of India opens for subscription on February 16. The issue, which closes on February 18, will have a price band of Rs 93-94 per share.
NEW DELHI: Mini Ratna RailTel Corporation of India, which is among the largest neutral telecom infrastructure providers in India, is hitting the market with an Rs 820-crore initial public offer (IPO) on Tuesday.
The last railway IPO that hit the Street of IRFC had a weak market debut. But grey market trends suggest investors are betting big on the forthcoming offering.
A wholly-owned government subsidiary under the administrative control of the Ministry of Railways, RailTel offers a diversified portfolio of services and solutions. As of Jan. 31, it had exclusive rights over 67,415 route kilometers, connecting 7,321 railway stations, for laying optical fiber cable. The company offers a high capacity bandwidth of up to 800G at 87 locations in India.
RailTel Corporation of India IPO: 10 things to know before subscribing to the issue
The public issue, which opened for anchor investors on February 15, will be available for subscription from February 16 to February 18. February 16, 2021 / 07:50 PM IST
RailTel Corporation of India s initial public offering is be the second public issue from the government and the seventh IPO of the year 2021.
Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company and Stove Kraft have already listed on the bourses. Brookfield India REIT will make its market debut on February 17 and Nureca opened its public issue on February 15.
ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets are the lead managers to the issue.