Railtel IPO Details - Railtel IPO Date, GMP, Review, Price Band, Forms & Market Lot Details

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 Detail

    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 Size187 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

    RevenueExpenseIncome
    2017xxx
    20181028835134
    20191038821135
    20201166932141

    Railtel Corporation Of India IPO Subscription Status

    CategoryDay 1Day 2Day 3
    QIB0.0x0.0x0.0x
    HNI0.0x0.0x0.0x
    RII0.0x0.0x0.0x
    EMP0.0x0.0x0.0x
    Total0.0x0.0x0.0x

    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 India

    Railtel IPO Prospectus:

    DRHP Draft Prospectus
    RHP Draft Prospectus

    RailTel IPO Registrar:

    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?
    RailTel IPO allotment date is not announced yet. You can check IPO allotment here.

    What is RailTel IPO Size?
    RailTel IPO size is Rs.819.24 Crores.

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