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listing gains: Strong listing gains driving retail investors by hordes to IPOs

Retail subscription in the latest two IPOs – Zomato and Tatva Chintan Pharma – is an evidence of their voracious appetite. Both the issues saw more than 32 lakh applications each, almost 5% of the total demat accounts in India. In the case of much-awaited Zomato, the retail category was lapped up within a couple of hours of the issue last week despite mixed commentary about its prospects. The earlier two IPOs – Clean Science and GR Infraprojects – saw 23.5 lakh and 20 lakh applications, respectively, from retail investors. IPOs of 2021 such as Indigo Paints, RailTel Corporation, MTAR Technologies, Laxmi Organic and Nazara Technologies saw more than 20 lakh applications each from retail investors, a consistent trend that was never seen before.

RailTel Corp gains on securing order worth Rs 23 cr

RailTel Corporation of India rose 1.72% to Rs 144.85 after the company received a five-year deal worth Rs 23.43 crore from Sagar Cable Network for providing multicast drop and carry with 1.5G capacity at 66 locations. RailTel Corporation of India s consolidated net profit jumped 19.4% to Rs 27.21 crore on 9.5% increase in net sales to Rs 429.82 crore in Q4 March 2021 over Q4 March 2020. RailTel, a Mini Ratna (Category-I) Central Public Sector Enterprise is an information and communications technology (ICT) provider and one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The Optical Fibre Cable (OFC) network covers important towns & cities of the country and several rural areas. As of 31 March 2021, the Government of India held 72.84% stake in the company.

RailTel Corporation Share Price: RailTel Corporation Edges Higher After Bagging Order Worth Rs 23 43 Crore For Sagar Cable Network

RailTel Corporation Share Price: RailTel Corporation Edges Higher After Bagging Order Worth Rs 23 43 Crore For Sagar Cable Network
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RailTel receives work order worth Rs 16 99 cr

RailTel Corporation of India has received a work order amounting to Rs. 16.99 crore (Inclusive of 18% GST) from Central Mine Planning & Design Institute towards providing of MPLS-VPN Connectivity for implementation of ERP and TPASS services for HD Video Conferencing facility for a period of 5 years on rental basis. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritativ

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