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RailTel Corporation makes strong debut on bourses, shares zoom over 29% on closing

Rs 819.24-crore offer.
It received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
New Delhi: Telecom infrastructure provider RailTel Corporation of India Ltd on Friday made a strong debut with its shares zooming over 29 per cent on closing when compared with the issue price.
On BSE, the scrip opened on a strong note of Rs 104.6 apiece, compared with the initial public offering price of Rs 94.
During the intra-day trade, the stock had touched a high of Rs 125.5 before settling at Rs 121.4, higher 29.15 per cent when compared with the issue price and a gain of 16.06 per cent, in comparison to the opening price. ....

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RailTel Corporation to list on bourses tomorrow, February 26, 2021

Highlights
Rs 819.24-crore offer.
It received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
New Delhi: Telecom infrastructure provider RailTel Corporation of India is all set to be list on the bourses on Friday (February 26). As per reports, the RailTel Corporation of India may be listed with a 10-25 percent premium.
The initial public offer of RailTel Corporation of India was subscribed 42.39 times on the final day of subscription on February 18. The Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer, as per data available with the NSE. The qualified institutional buyers (QIBs) category was subscribed 65.14 times, non institutional investors 73.25 times and retail individual investors (RIIs) 16.78 times. ....

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RailTel IPO share allotment likely to happen today. Here's how to check status

RailTel Corporation IPO got an overwhelming response and was oversubscribed 42.39 times. The issue was priced in a range of Rs 93-94. ....

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RailTel IPO: Allotment of shares on February 23, here's how to check status

RailTel IPO: Allotment of shares on February 23, here s how to check status
The Rs 819-crore IPO of telecom infrastructure provider received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer
BusinessToday.In | February 22, 2021 | Updated 13:03 IST
RailTel Corporation of India s Rs 819.24-crore IPO - the seventh issue this year closed on February 18
The share allotment in RailTel IPO, which closed last week, is likely to be finalised by Tuesday, February 23. RailTel shares are proposed to be listed on BSE and NSE on February 26.
The initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 16.78 times on its third and last day of bidding, more retail bids than 14.74 times in RITES and 14.95 times from IRCTC s IPO. ....

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RailTel IPO allotment date,RailTel IPO allotment status check,RailTel IPO allotment allocation status, RailTel listing

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How to check RailTel IPO allotment status
RailTel IPO Allotment Status Check: The initial public offer (IPO) of state-owned RailTel Corporation of India Limited received tremendous response from investors. It was subscribed 42.39 times. According to data available with the NSE, the Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
The portion of the IPO reserved for retail investors was subscribed 16.78 times, whereas the qualified institutional buyer was subscribed 65.29 times. The public issue was of 8,71,53,369 equity shares and had a price range of Rs 93-94 per share.
The basis of the allotment of the IPO will be announced on February 23. RailTel IPO was oversubscribed and the allotment process will be done through a lottery system. The registrar of the RailTel IPO will initiate the refund process on February 24.Â ....

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