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RailTel Corporation IPO

IPO Status: Listed [16th Feb 2021 to 18th Feb 2021]

Rated 3/5 by Team InvestorGain
RailTel IPO Detail

RailTel IPO Details

IPO Issue Opening Date: 16th Feb 2021
IPO Issue Closing Date: 18th Feb 2021
IPO Issue Price: ₹93-94 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 50.38
IPO Issue Type: Book Build Issue
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 Discount: NA
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 72.84%
Allotment Status: Allotment Status

RailTel IPO Important Dates

Get important updates regarding RailTel IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

RailTel IPO dates
IPO Activity Date
Basis of Allotment Date* 23rd Feb 2021
Refunds Initiation* 24th Feb 2021
Credit of Shares to Demat* 24th Feb 2021
IPO Listing Date* 26th Feb 2021

* - Tentative Dates

RailTel IPO Lots

IPO Activity Date
Issue Price ₹93-94
Market Lot: 155 Shares
1 Lot Amount: ₹14570
Min Small HNI Lots(2-10 Lakh): 2170 shares(14 lots)
Min Big HNI Lots(10+ Lakh):

RailTel IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
24-02-20219410--₹104 (10.64%)24-Feb-2021 21:29
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - RailTel

What is RailTel Corporation IPO

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.

  • Incorporated Year: 2000
  • Sector:ICT industry
  • Website: https://www.railtelindia.com/
  • Issue Size: Rs. 819.24 Crore

About the company - RailTel Corporation of India Limited

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

  1. Telecom Network.
  2. Telecom Infrastructure.
  3. Managed Datacenter and hosting.
  4. Projects.

Railtel Corporation Key Facts

  • One of the largest natural telecom infrastructure service provider in India.
  • Exclusive right of 67,415 route Km + 7,321 stations.
  • Optic fiber network frastructure at 59,098 route Km + 5,929 stations and 25,000+ Km of optic fiber cables that connects 9,473-gram panchayats.
  • Center Network operation center (NOC) at New Delhi and 4 NOCs at Mumbai, Delhi, Kolkata, and Secunderabad.
  • 7,289 points of presence and 2 data centers at Secunderabad and Gurugram.
  • 305,746 retail broadband customers and 5,023 Access Network Providers (ANP).
  • Debt-free company and consistent dividend payout since 2008.

RailTel IPO Strengths

  • One of the largest telecom infrastructure providers.
  • Diversified product portfolio.
  • Key partner to the Indian Railways in digital transformation.
  • Long-term experience in executing robust pipeline projects.
  • Sound financial track record.
  • Strong corporate governance and management team.
Incorporation Sector IPO Issue Size Website
NULL NULL ₹ 819.24 Crore http://www.railtelindia.com/

RailTel IPO Objective

The funds raised from the RailTel IPO will be used against below purposes;

  • To complete the disinvestment plan by selling equity shares.
  • To get the share listing benefits on the BSE and NSE.
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RailTel IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 17,369,237 Shares
  • Non-Institutional Investors: 12,998,006 Shares
  • Retail Individual Investor: 30,328,680 Shares
  • Employees Quota: 500,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered17,369,237 (28.38%)12,998,006 (21.24%)30,328,680 (49.56%)500,00061,195,923
116th Feb 2021 05:020.00x0.75x4.99x0.81x2.64x
217th Feb 2021 12:012.96x2.63x10.55x1.85x6.64x
318th Feb 2021 05:0265.14x73.25x16.78x3.35x42.39x
RailTel financial
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

Company Address

RailTel Corporation of India Limited
Plate - A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi,Delhi-110023
India
Website: http://www.railtelindia.com/
Phone: +91 11 2290 0600
Email: [email protected]

RailTel IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]
RailTel IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for RailTel? Should I apply in RailTel IPO?

Last Updated on 13-Apr-2021 01:10:39


User Reviews

5. Mohd yaseen Nov 10 2020 11:51:29 PM Reply
RailTel IPO whether to invest or not.
5.1. a Nov 19 2020 10:00:18 AM
Rail Tel IPO - Tentative Info
No of Share: 8,66,53,369 Equity
Size: 693 CR.
FV: Rs. 10 Per share

Issue Opens 2nd Dec
Issue Closes 4 th Dec

No Anchors

Price Lot: Rs. 78-80
Lot size: 185 Shares
Retail 35%

Promoter: Govt of India
BRLM: JM Financial
4. SATYAM Vats Nov 10 2020 11:51:29 PM Reply
RailTel IPO expected listing gain.
3. Suryanarayan maharana Nov 10 2020 11:51:29 PM Reply
Please confirm RailTel IPO GMP (grey market premium) and kostak.
2. Jakkam shetti sai babu Nov 10 2020 11:51:29 PM Reply
RailTel IPO good or bad.
1. Ruchit p kaneriya Nov 10 2020 11:51:29 PM Reply
RailTel IPO - CRISIL Rating, Apply or not?.