RailTel Corporation files DRHP with SEBI for 700 crore IPO. The issue consists an offer for sale of 8,71,53,369 shares and employee reserved portion by the Government of India. RailTel Corporation is a "Mini Ratna (Category-I)"
RailTel is a category 1 mini-ratna central public sector enterprise, wholly owned by the Government of India under the administrative control of the Ministry of Railways.
As the objective of the issue is to disinvestment the government's stake, the company will not receive any proceeds from the offer.
The issue consists an offer for sale of 8,71,53,369 shares and employee reserved portion by the Government of India.
Railtel IPO Date & Price Band:
| Issuer | Railtel IPO |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: February 16, 2021 |
| Issue Closes: February 18, 2021 | |
| Price Brand | ₹93 to ₹94 Per Share |
| Issue Size | ₹819.24 Crores |
| Face Value | Rs.10 per Equity Share |
| Equity | 8,71,53,369 Shares |
| Minimum Lot Size | 187 Shares |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹819.24 |
| Fresh Issue | ₹ |
| Listing at | NSE & BSE |
Railtel IPO Tentative Timetable
The Railtel IPO open date is 16 Feb 2021 , and the close date is 18 Feb 2021. The issue may list on .
| IPO Open Date | 16 Feb , 2021 |
| IPO Close Date | 18 Feb , 2021 |
| Basis of Allotment Date | 23 Feb, 2021 |
| Initiation of Refunds | 24 Feb, 2021 |
| Credit of Shares to Demat Account | 25 Feb, 2021 |
| IPO Listing Date | 26 Feb, 2021 |
Railtel IPO Market Lot:
| Minimum Lot Size: | Minimum 155 Shares |
| Minimum Amount: | ₹ 14,570 |
| Maximum Lot Size: | Maximum 2015 Shares |
| Maximum Amount: | ₹ 1,89,410 |
Railtel Corporation Of India’s financial performance (in INR lakh)
| ₹ in INR Lakh | |||||
| Revenue | Expense | Income | |||
| 2017 | x | x | x | ||
| 2018 | 1028 | 835 | 134 | ||
| 2019 | 1038 | 821 | 135 | ||
| 2020 | 1166 | 932 | 141 | ||
Railtel Corporation Of India IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.0x | 0.0x | 0.0x |
| HNI | 0.0x | 0.0x | 0.0x |
| RII | 0.0x | 0.0x | 0.0x |
| EMP | 0.0x | 0.0x | 0.0x |
| Total | 0.0x | 0.0x | 0.0x |
Railtel Corporation Of India IPO Form:
How to apply the Railtel Corporation Of India IPO? You can apply IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Railtel Corporation Of India IPO in the Invest section. The other option you can apply Railtel Corporation Of India IPO via IPO forms download via NSE and BSE. Check out the Railtel Corporation Of India AMC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
About Railtel:
Incorporated in 2000, RailTel provides telecom network and infrastructure services, managed data centre and hosting services, and system integration services to government and non-government customers.
The company was incorporated with the aim of modernizing the existing telecom system for train control, operation and safety, besides creating a nationwide broadband and multimedia network by laying optical fibre cable along the railway tracks.
As on June 30, its optic fibre network covers over 55,000 km and 5,677 railway stations across towns and cities in the country.
It has also been selected for implementation of various mission-mode projects for the government including rolling out the National Knowledge Network (NKN), Bharat Net and optical fibre-based connectivity project in northeast India. It also undertakes Information & Communication Technology (ICT) projects.
Its operations have been funded entirely by internal accruals since 2013 and it currently enjoys a debt free status. Revenue from operations grew at 7.47 percent compounded annual growth rate (CAGR) during FY18-20.ICICI Securities, IDBI Capital and SBI Capital Markets are appointed as book running lead managers to the issue.
Company Promoters:
The President of India, acting through The Ministry Of Railways, Government Of IndiaRailtel IPO Prospectus:
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
Note: Check RailTel IPO allotment status on KFintech website allotment URL. Click Here
RailTel IPO Lead Managers:
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
Railtel Company Address:
RailTel Corporation of India Limited
Plate - A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: http://www.railtelindia.com/
RailTel IPO FAQs:
When RailTel IPO will open for Anchor Investors?
The Anchor Investors bidding date is 15 Feb.
When RailTel IPO will open for QIB, NII, and Retail?
The IPO dates is 16 Feb for QIB, NII, and Retail Investors.
What is RailTel IPO Investors Portion?
The investors' portion for QIB -50%, NII -15%, and Retail -35%.
How to Apply the RailTel IPO?
You can apply RailTel IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is RailTel IPO Allotment Date?
What is RailTel IPO Size?
RailTel IPO size is Rs.819.24 Crores.
