Railtel Corporation Of India IPO Date, Review, Price Band. GMP, Market & Lot Detail

Railtel Corporation of India IPO Detail 

State-owned RailTel Corporation of India, one of the largest neutral telecom infrastructure services providers, has filed its draft red herring prospectus (DRHP) with capital market regulator Sebi for its initial public offering on September 29.

Sources said the company is expected to raise approximately Rs 700 crore.

RailTel is a 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.
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 modernising 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.

Railtel Corporation of India IPO Detail 

 IPO Open: 16 February 2021
 IPO Close:     18 February 2021
 IPO Size:  ₹819.24 Crore
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹93 – ₹94 Per Share
 Listing on:  NSE & BSE
 Retail Portion:  35 %
 Equity:  8,71,53,369 Shares
 Employee Discount:  NA


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 Allotment & Listing:

 Basis of Allotment:  February 2021
 Refunds:  February 2021
 Credit to Demat Account:  February 2021
 Listing Date:  February 2021

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.

Railtel Corporation Of India Address:

Regd. and Corporate Office: Plate-A, 6th Floor, Office Block Tower-2,
East Kidwai Nagar, New Delhi-110023
Network Operations and Data Center Office: 143, Institutional Area, Sector-44,
Gurugram – 122003, NCR (India),
T: +91 124 2714000,
F: +91 124 4236084
Website : www.railtelindia.com
Email: info@railtelindia.com

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