RailTel IPO: Issue subscribed 42 times on last day; QIB portion booked 65 times
RailTel Corporation IPO: The portion reserved for the qualified institutional buyers (QIBs) was subscribed 65.14 times, non institutional investors by 73.25 times and retail individual investors (RIIs) by 16.78 times
BusinessToday.In | February 19, 2021 | Updated 00:39 IST
RailTel IPO subscribed over 42 times
RailTel Corporation of India, state-owned telecom infrastructure provider, saw its initial public offering subscribed 42.39 times on the final day of subscription on Thursday. The Rs 819.24 crore IPO received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer, as per data available with the NSE.
The data showed that portion reserved for the qualified institutional buyers (QIBs) was subscribed 65.14 times, non institutional investors by 73.25 times and retail individual investors (RIIs) by 16.78 times.