RailTel IPO allotment status: Here s how to check
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RailTel IPO allotment status: Here s how to check
TIMESOFINDIA.COM / Feb 24, 2021, 10:46 IST
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Bidding for the RailTel IPO issue began on Tuesday.
NEW DELHI: The allotment status of RailTel s initial public offer (IPO) is available on the official website of the BSE. Those who have applied for the RailTel IPO can visit BSE website to check the allotment status.
State-owned RailTel fixed a price band of Rs 93-94 a share for its initial share-sale which opened for a period of three days from February 16 to February 18.
The total size of the offer was of Rs 819.24 crore, comprising 87,153,369 equity shares of face value of Rs 10 each. It was a complete offer for sale by the government. Hence, the company would not directly receive any proceeds from the same.
NEW DELHI: The initial public offering (IPO) of RailTel Corporation of India opened for subscription on Tuesday and the issue was oversubscribed on the first day of bidding process.
State-owned RailTel has fixed a price band of Rs 93-94 a share for its initial share-sale. The three-day issue would close on February 18.
The mini-ratna PSU (public sector unit) is one of the largest neutral telecom infrastructure providers in the country owning an optic fiber network on exclusive Right of Way (RoW) along railway track.
The company provides broadband telecom and multimedia network across the country.
As of 1 pm, the issue had received bids for 7,76,92,355 shares, which was 126.96 per cent of the total issue size of 6,11,95,923 shares.