Updated Feb 26, 2021 | 10:41 IST
The Rs 819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue. RailTel Corp shares list on bourses at a premium | Photo Credit: Twitter
New Delhi: RailTel made a stellar debut on bourses on Monday as RailTel shares listed at a premium. Shares were trading at Rs 106, up 13% from the issue price of Rs 94. The IPO of RailTel was subscribed over 42 times and it had a price range of Rs 93-94 per share.
At 10.01 am, shares of RailTel Corp traded 16% higher at Rs 108.90 apiece on the BSE. So far today, the stock has touched a high of Rs 109 apiece and a low of Rs 104.60. In comparison, Sensex was down 924 points or 1.81% at 50,14.90 while the NSE benchmark Nifty50 index was lower by 249 points or 1.66% at 14,847.45
Updated Feb 26, 2021 | 11:51 IST
Puneet Chawla, CMD, RailtTel Corporation India spoke to ET NOW and said that the response to the listing has been encouraging and he wants to thank investors. RailTel Corporation of India | Photo Credit: Twitter
State-owned telecom infrastructure provider RailTel Corporation of India made a strong debut on the bourses. The script listed at `109 on the NSE, a premium of 16% over the issue price of `94/share and at `104.60 on the BSE.
The company got bids 42 times more demand than the shares on offer. The offering for 61 mn shares got bids for 2.6 bn. The institutional investor portion of the IPO was subscribed 65 times and the high-net-worth individual (HNI) portion was subscribed 73 times.