Analysts say RailTel can make a strong stock market debut today
NEW DELHI: RailTel Corporation of India, which concluded its initial public offering (IPO) last week, made a stunning stock market debut on Friday, February 26, 2021. The shares of the company got listed at Rs 109 on NSE, a 15.96 per cent premium over its issue price of Rs 94. On BSE, the shares got listed at Rs 104.60, up 11.28 per cent.
RailTel s IPO opened on February 16 and closed on February 18. The IPO received great demand from all categories of investors and was subscribed more than 42 times.
The total size of the offer was of Rs 819.24 crore at the upper price band of Rs 94 per share.