IPO Status: Closed [16th Feb 2021 to 18th Feb 2021]
RailTel Corporation, a public sector Information, and Communication Technology (ICT) provider IPO of Rs. 819.24 Cr is coming soon. The IPO opening date is 16th Feb 2021 and the closing date is 18th Feb 2021. It is a Book Building IPO that price range is Rs. 93.00- Rs. 94.00 per share and IPO lot size is 155 shares. The face value of RailTel Corporation IPO is Rs. 10 per share and the IPO floor price is 9.30 times and the cap price is 9.40 times the face value. The IPO employee reservation is 500,000 shares. Stay updated with us to know the complete Railtel IPO review including lot size, IPO price band, IPO dates, business overview, financials, strengths, weaknesses, DRHP, RHP, IPO Grey Market Premium (GMP), and more.
RailTel Corporation, a Mini Ratna PSU is an ICT provider and one of the largest neutral telecom infrastructure providers in India. The company offers a diversified product portfolio including Telecom Network Services, Telecom Infrastructure Services, Data Center and Hosting Services, and System Integration Services. It also offers e-office services, short-haul, and long-haul connectivity services, and passenger services i.e. Wi-Fi, content-on-demand services, etc.
Its OFC network spread across cities and towns covering nearly 70% of India’s population. The company has successfully executed many projects such as USOF funded optical fiber project in North East India, National Optical Fiber Network, etc.
It also owns Data centers at Secunderabad, Haryana, Gurugram, and Telangana that offer various ICT solutions such as cloud computing, dedicated hosting, Co-location services, DR site services, and other IT-related services.
RailTel product & service portfolio
The funds raised from the RailTel IPO will be used against below purposes;
RailTel IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|RailTel Issue Details||Values|
|IPO Issue Type:||Book Built Issue IPO|
|IPO Issue Size:||₹ 819.24 Crore|
|Offer for Sale:||87,153,369 shares of ₹10 each [ Aggregating to ₹819.24 Cr]|
|Face Value:||₹10 Per Equity Share|
|IPO Issue Price:||₹93-94|
|Market Lot:||155 Shares|
|Min Retail Qty:||155 shares(1-lot)|
|Max Retail Qty:||2,015 shares (13 lots)|
|Promoter Holding Pre IPO:||100%|
|Promoter Holding Post IPO:||72.84%|
|IPO Listing At:||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||17,369,237||12,998,006||30,328,680||500,000||61,195,923||1||16th Feb 2021 05:02||0.00x||0.75x||4.99x||0.81x||2.64x||2||17th Feb 2021 12:01||2.96x||2.63x||10.55x||1.85x||6.64x||3||18th Feb 2021 05:02||65.14x||73.25x||16.78x||3.35x||42.39x|
Past performance and financial results of RailTel.
|RailTel Corporation IPO Financials||30-Sep-2020||31-March-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹2482.15 Cr||₹2398.1 Cr||₹2,227.68 Cr||₹2,322.88 Cr|
|Total Income||₹553.78 Cr||₹1,166.01 Cr||₹1,038.27 Cr||₹1,021.22 Cr|
|Net Profit/Loss||₹45.58 Cr||₹141.07 Cr||₹135.36 Cr||₹134.01 Cr|
In this section we have covered all important dates related to RailTel IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||16th Feb 2021|
|IPO Issue Close Date||18th Feb 2021|
|Basis of Allotment Finalisation Date*||23rd Feb 2021|
|Refunds Initiation*||24th Feb 2021|
|Credit of Shares to Demat Account*||24th Feb 2021|
|IPO Listing Date*||26th Feb 2021|
* - Tentative Dates
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RailTel IPO DRHP >>Document
RailTel IPO RHP >>Document
RailTel IPO Allotment Status >>Link
Last Updated on 2021-02-24T03:22:22+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase RailTel IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply RailTel IPO with Zerodha.
Alternate approch to apply in RailTel IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in RailTel IPO, you can use the following methods:
|RailTel IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in RailTel IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in RailTel IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in RailTel IPO. Most of the Syndicate Banks provide access to apply in RailTel IPO via ASBA process. You must have your net banking access, DP ID information to apply in RailTel IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in RailTel IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in RailTel IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download RailTel IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply RailTel IPO, please refer article >> Link
Steps to download the online application form for RailTel IPO
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RailTel IPO is going to be list on 26-02-2021.
Other relevant questions:When RailTel IPO will be listing? RailTel IPO listing date?RailTel IPO date of listing
RailTel IPO Allotment Date is 23-02-2021.
Other relevant questions:RailTel IPO share allotment date?RailTel IPO allotment date?