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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 Opens Today: Should You Subscribe? moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
» The $112 million IPO of Indian Railways owned RailTel is now open for subscription Here’s why analysts think the IPO is attractive The $112 million IPO of Indian Railways owned RailTel is now open for subscription Here’s why analysts think the IPO is attractive Navdeep YadavFeb 16, 2021, 14:06 IST The IPO of state-run RailTel Corp will remain open till February 18. The shares were trading at a premium of ₹35-40 in the grey market, ahead of the IPO. Nearly all the brokerages have given a ‘subscribe’ rating for the issue citing long term as well as listing gains. Its net profit margin of 13% in FY 2020 was the highest among the Key Telecom Companies and Key IT/ICT companies in India.The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp of India is now open for public subscription. The IPO will remain open till February 18. ....
RailTel grey market premium rises to 50% ahead of IPO As per the company s DRHP, the net proceeds from RailTel Corporation of India s Rs 819.24-crore initial public offer are to be used for carrying out the disinvestment plan and to achieve the benefits of equity share listing on the stock exchanges BusinessToday.In | February 15, 2021 | Updated 13:10 IST The President of India, acting through the Ministry of Railways is the promoter of the company. KFintech Private Limited is the registrar for the IPO The public offer Mini-Ratna category company, RailTel Corporation of India opens for subscription on February 16. The issue, which closes on February 18, will have a price band of Rs 93-94 per share. ....
The three-day initial public offering (IPO) of the state-owned RailTel Corporation of India will open for subscription on Tuesday. The price band has been fixed at Rs 93-94 a share for the initial share-sale. The IPO is entirely an offer-for-sale through which the government will offload 87,153,369 equity shares, amounting to 27.16 per cent stake. At the upper end of the price band, the government would raise a little over Rs 819 crore. Half of the issue is reserved for qualified institutional buyers, 35 per cent for retail investors, and 15 per cent for non-institutional bidders. Railtel shares were changing hands at a premium of over 30 per cent to its IPO price in the grey market, said people in the know. While the IPO price band is Rs 93-94 per share, grey market operators are offering over Rs 122 per share. ....