The Rs 820-crore initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 4.9 times on its second day of bidding. Meanwhile, Nucera s issue got subscribed 21 times on its third and last day of subscription
The IPO is entirely an offer-for-sale.
Government will offload 87,153,369 equity shares.
New Delhi: The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday.
The Rs 819.24-crore offer received bids for 16,13,74,220 shares as against 6,11,95,923 shares on offer, as per an update on the NSE.
The category meant for non-institutional investors was subscribed 75 per cent and those for Retail Individual Investors (RIIs) got subscribed 4.99 times.
The public issue is of 8,71,53,369 equity shares and the price range is Rs 93-94 per share.
The company has raised Rs 244 crore from 14 anchor investors. It included participation from UK-based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital-managed Cohesion MK Best Ideas Sub-Trust, Singapore-based Integrated Core Strategies Asia and Goldman Sachs India.
RailTel IPO opens today: Price band, lot size, issue size & other details
The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 shares or Rs 189,410)
BusinessToday.In | February 16, 2021 | Updated 10:03 IST
State-owned RailTel Corporation of India IPO is a complete offer for sale of 8,71,53,369 equity shares by the Government of India. and is worth Rs 819.24-crore
RailTel Corporation IPO- the seventh public offering of 2021-will open for subscription today. The IPO is available at a price band of Rs 93-94 per share, with face value of Rs 10 apiece. The public offer of the Mini-Ratna company will close on February 18.
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.