RailTel Corporation Share Price: Shares last traded 16.13 per cent higher at Rs 169.15 on the BSE.
Shares of RailTel Corporation of India surged for the third straight day on Tuesday, March 2, tracking strong investor sentiment and also after winning an order worth Rs. 105.82 crores from the Ministry of Railways. According to a regulatory filing by the firm to the BSE, the order involves various upgradation and signaling work at some railway stations as well as replacement of mechanical signaling at some stations. On Tuesday, RailTel opened on the BSE at Rs 161, touching an intraday high of Rs 173.50, and an intraday low of Rs 156.05, so far. (
RailTel makes a decent debut shares list on bourses at 16% premium
Navdeep YadavFeb 26, 2021, 10:12 IST
BCCL
The shares of RailTel listed at about 16% higher at ₹109 apiece, compared to the IPO issue price of ₹93-94 per share.
Within minutes after listing, the shares of RailTel gained 7% of their value and were trading at ₹111.7 apiece at 10:05 am in an otherwise tepid market.
The listing is also in line with analysts expectations which predicted listing gains above 15%.
Check out the latest news and updates on Business Insider.The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp made a decent debut after a tremendous investor response. The shares of RailTel listed at about 16% higher at ₹109 apiece, compared to the IPO issue price of ₹93-94 per share.
At 10:45 am, the shares ofRailTel were trading higher by 28.40 per cent on the BSE
RailTel Corporation of India shares listed at a modest premium on the bourses despite a selloff in the broader market this morning. The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94. And on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent. At 10:45 am, the shares of RailTel were trading at Rs 120.60, up 28.40 per cent on the BSE and at Rs 120.75, up 28.46 per cent , on the NSE.
Promoted
RailTel Corporation s Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme. The IPO was subscribed 42 times. The share offering was subscribed 16.78 times in the retail category, 65.14 times in qualified institutional buyer segment and 73.25 times in the non-institutional investor group. The public issue was open for three days between February 15 and Februar
Updated Feb 26, 2021 | 10:41 IST
The Rs 819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue. RailTel Corp shares list on bourses at a premium | Photo Credit: Twitter
New Delhi: RailTel made a stellar debut on bourses on Monday as RailTel shares listed at a premium. Shares were trading at Rs 106, up 13% from the issue price of Rs 94. The IPO of RailTel was subscribed over 42 times and it had a price range of Rs 93-94 per share.
At 10.01 am, shares of RailTel Corp traded 16% higher at Rs 108.90 apiece on the BSE. So far today, the stock has touched a high of Rs 109 apiece and a low of Rs 104.60. In comparison, Sensex was down 924 points or 1.81% at 50,14.90 while the NSE benchmark Nifty50 index was lower by 249 points or 1.66% at 14,847.45
RailTel Corp shares list at a premium, up over 20%
RailTel is a central public sector enterprise under the administrative control of the Ministry of Railway.Premium
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IRCTC shares were also trading higher
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Shares of RailTel listed at a premium on exchanges today. At 10:27 am, shares were up 20% at ₹115 as compared to issue price of ₹94. The IPO of RailTel was subscribed over 42 times and it had a price range of ₹93-94 per share. The ₹819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
In comparison, BSE Sensex was down over ₹1.6%. Shares of another Railway related company IRCTC were trading 3% higher today.