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.
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Updated Feb 16, 2021 | 12:48 IST
RailTel s IPO opened for subscription on Tuesday. The price band of the issue has been fixed Rs 93-94. It commanded 37% GMP over the upper band of issue price as of February 16 RailTel IPO opens for subscription: Brokerages weigh in on co s strengths, risks | Photo Credit: PTI
Telecom infrastructure corporation company RailTel Corporation of India’s Rs 819.24-crore initial public offer (IPO) opened for subscription on February 16. The Mini Ratna (category-I) company offers 8.71 crore equity shares of the public sector company via the offer for sale (OFS) route.
Government of India which holds 100% stake in the company aims to pare its holding to 72.8% in the information & communication technology (ICT) PSU and post-issue public holding will be 27.16%.
BharatNet:Cabinet nods for modified implementation strategy
BharatNet:Cabinet nods for modified implementation strategy
BharatNet Project Is Aiming To Provide Broadband Connectivity To All Gram Panchayats By March 2019.
News Nation Bureau | Edited By : Himani Gwari | Updated on: 19 Jul 2017, 11:26:10 PM
New Delhi:
The Cabinet on Wednesday approved the Modified Implementation Strategy of BharatNet project for providing broadband connectivity to all gram panchayats by March 2019.
This is a significant step toward governments ambitious project Digital India. It has a vision to establish a scalable network network for providing broadband connectivity to all gram panchayats in the country by using a mix of underground fibre,aerial fibre,radio and satellite media.
Parliamentary Panel pulls up DoT for Bharatnet cabinet note delay, questions BSNL ouster in LWE project
Synopsis
The Department of Telecom has not prepared a cabinet note for the adoption of PPP mode to expedite implementation of rural broadband project Bharatnet even after over a year of Digital Communication Commission s approval, Standing Committee on Information Technology said in a report.
Agencies
The Department of Telecom has not prepared a cabinet note for the adoption of PPP mode to expedite implementation of rural broadband project Bharatnet even after over a year of Digital Communication Commission s approval, Standing Committee on Information Technology said in a report. The BharatNet project, meant to cover all 2.5 lakh village panchayats with high-speed broadband, was set to be completed by March 2019. However, it could only connect 1.18 lakh gram panchayats (GPs).