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RailTel IPO subscribed 7.6 times on last day; price band fixed at Rs 93-94

RailTel IPO subscribed 7.6 times on last day; price band fixed at Rs 93-94
The Ministry of Railways will plan to sell 27% stake through the issue. Market experts have suggested Rs 30-40 listing gains for short-term perspective in RailTel Corporation
BusinessToday.In | February 18, 2021 | Updated 12:19 IST
The shares are proposed to be listed on BSE, NSE on 26th February 2021
The initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 7.6 times on its third and last day of bidding. The Rs 820-crore public issue at a price band of Rs 93-94 per share was subscribed 12.09 times by retail investors, 3.18 times in QIB category and 3.29 times in the NII category. ....

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RailTel Corporation Of India IPO Day 1: Issue Fully Subscribed, Retail Portion Booked 2.2 Times

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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RailTel Corporation Of India IPO Opens Today: Should You Subscribe?

RailTel Corporation Of India IPO Opens Today: Should You Subscribe?
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