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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 Shares Trade At 16% Premium In Grey Market Ahead Of IPO


RailTel Corporation shares trade at 43% premium in grey market ahead of IPO
The issue, which comprises a full offer for sale of 8,71,53,369 equity shares by the Government of India, will fetch the government Rs 819.24 crore at higher price band.
February 12, 2021 / 11:32 AM IST
RailTel Corporation of India, one of the largest neutral telecom infrastructure providers in India, traded at a 43 percent premium to the issue price in the grey market on February 11, ahead of public issue opening next week.
The public offer will open for subscription on February 16 and the same will close on February 18. The company has fixed issue price band at Rs 93-94 per share. ....

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