IPO Status: Upcoming [2nd Dec 2020 to 4th Dec 2020]
RailTel Corporation, a public sector Information and Communication Technology (ICT) provider IPO of Rs. 700 Cr is coming soon. The IPO open and close dates are yet to be released. 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. As of June 30, 2020, the optic fiber network of RailTel covers up to 55,000 route kilometers and 5677 railway stations. 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.
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||₹ 700 Crore|
|Offer for Sale||Upto 86,653,369 shares|
|Face Value||₹10 Per Equity Share|
|IPO Issue Price||₹TBD|
|Market Lot||TBD Shares|
|Min Retail Qty||TBD|
|Max Retail Qty||TBD|
|Promoter Holding Pre IPO||100%|
|Promoter Holding Post IPO|
|IPO Listing At||BSE, NSE|
Past performance and financial results of RailTel.
|RailTel Corporation IPO Financials||31-March-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹2398.1 Cr||₹2,227.68 Cr||₹2,322.88 Cr|
|Total Income||₹1,166.01 Cr||₹1,038.27 Cr||₹1,021.22 Cr|
|Net Profit/Loss||₹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||2nd Dec 2020|
|IPO Issue Close Date||4th Dec 2020|
|Basis of Allotment Finalisation Date*||9th Dec 2020|
|Refunds Initiation*||10th Dec 2020|
|Credit of Shares to Demat Account*||11th Dec 2020|
|IPO Listing Date*||14th Dec 2020|
* - Tentative Dates
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RailTel IPO Draft Prospectus >>Document
RailTel IPO Red Herring Prospectus >>RailTel IPO Red Herring Prospectus is not yet available.
RailTel IPO Allotment Status >>RailTel IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
Last Updated on 2020-11-18T22:32:58+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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RailTel IPO Application is not yet available.
RailTel IPO is going to be list on 14-12-2020.
Other relevant questions:When RailTel IPO will be listing? RailTel IPO listing date?RailTel IPO date of listing
RailTel IPO Allotment Date is 9-12-2020.
Other relevant questions:RailTel IPO share allotment date?RailTel IPO allotment date?