RailTel Corporation IPO

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

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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 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.

RailTel IPO Details

RailTel IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

RailTel IPO Details
RailTel Issue Details Values
IPO Category: Mainline
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
IPO Discount: NA
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

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 Offered17,369,23712,998,00630,328,680500,00061,195,923
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 Financials for past 3 Years

Past performance and financial results of RailTel.

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

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.

RailTel IPO Threats/Weaknesses

  • Indian telecom industry is highly regulated industry and any adverse change in policy could dampen business financials.
  • Revenues are highly dependent on PSU customers, Indian Railways and other GoI entities.
  • Technological upgradation is of paramount importance to stay competitively strong.
  • Internet security concerns and theft.
  • Continuously increasing pricing pressure can negatively affect business revenues, profitability, and costs.

RailTel IPO Important Dates

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.

RailTel IPO important dates
IPO Activity Date
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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@
  NRI Form ⇒

RailTel IPO DRHP >>Document

RailTel IPO RHP >>Document

RailTel IPO Allotment Status >>Link

Company Address

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

Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032

Lead Manager

  • ICICI Securities Limited
  • IDBI Capital Market Services Limited
  • SBI Capital Markets Limited
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 2021-02-24T03:22:22+00:00

RailTel IPO FAQs

  1. 1. How to subscribe RailTel IPO with Zerodha?

    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.

    RailTel IPO Review and Important Updates

    Other relevant questions :

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  2. 2. How to apply in RailTel IPO online?

    Apply in RailTel IPO online

    To subscribe or apply in RailTel IPO, you can use the following methods:

    RailTel IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    RailTel IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe RailTel IPO? Where to apply for RailTel IPO? How to subscribe RailTel IPO online? RailTel IPO where to apply? Where to buy RailTel IPO online? How to buy RailTel IPO online? How to purchase RailTel IPO? How to get RailTel IPO? How to book RailTel IPO? How to invest RailTel IPO? RailTel IPO kaise buy kare?

     

  3. 3. How to download online application form for RailTel IPO?

    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

    RailTel IPO Review and Important Updates

    Steps to download the online application form for RailTel IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 155 and max 2,015 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of RailTel IPO?

    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

     

  5. 5. When RailTel IPO will be allocated?

    RailTel IPO Allotment Date is 23-02-2021.

    Other relevant questions:

    RailTel IPO share allotment date?RailTel IPO allotment date?

     

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User Comments

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5. Mohd yaseen  11/10/2020 11:51:29 PM Reply
RailTel IPO whether to invest or not.
avatar
5.1. a  11/19/2020 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
avatar
4. SATYAM Vats  11/10/2020 11:51:29 PM Reply
RailTel IPO expected listing gain.
avatar
3. Suryanarayan maharana  11/10/2020 11:51:29 PM Reply
Please confirm RailTel IPO GMP (grey market premium) and kostak.
avatar
2. Jakkam shetti sai babu  11/10/2020 11:51:29 PM Reply
RailTel IPO good or bad.
avatar
1. Ruchit p kaneriya  11/10/2020 11:51:29 PM Reply
RailTel IPO - CRISIL Rating, Apply or not?.

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