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A Mini Ratna (Category-I) Public Sector Enterprise – RailTel is a data and interchanges innovation (ICT) foundation supplier and is one of the biggest nonpartisan telecom framework suppliers in India.
The organization was joined on 26 September 2000 fully intent on modernizing the current telecom framework for train control, activity and wellbeing and to produce extra incomes by making cross country broadband and interactive media network by laying optical fiber link by utilizing the option to proceed along rail route tracks. Starting at 30 June 2020, its optic fiber network covered more than 55,000 course kilometers and 5,677 railroad stations across towns and urban communities in India.
The organization works server farms in Gurugram, Haryana and Secunderabad, Telangana to have and assemble basic applications for clients including the Indian Railways. Also, it embraces different ICT projects for the Indian Railways, focal government and state governments, including different train control framework projects for Indian Railways.
Subscription Dates | 16 – 18 February 2021 |
Price Band | INR93 – 94 per share |
Fresh issue | Nil |
Offer For Sale | 87,153,369 shares (INR810.52 – 819.24 crore) |
Total IPO size | 87,153,369 shares (INR810.52 – 819.24 crore) |
Minimum bid (lot size) | 155 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2018 | FY2019 | FY2020 | H1 FY2021 |
Revenue | 1,021.2 | 1,038.3 | 1,166.0 | 553.8 |
Expenses | 835.1 | 820.6 | 931.9 | 491.6 |
Net income | 134.0 | 135.4 | 141.1 | 45.6 |
Net margin (%) | 13.1 | 13.0 | 12.1 | 8.2 |
Earnings Per Share (EPS): INR4.40
Price/Earnings (PE ratio): 21.13 – 21.36
Return on Net Worth (RONW): 10.3%
Net Asset Value (NAV): INR42.67 per share
Updated Soon
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
RailTel Corporation of India Limited | Feb 26, 2021 | 94 | 121.4 | 29.15% |
NSE : RAILTEL
BSE : 543265
ISIN CODE : INE0DD101019
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IPO Opening Date: 16 February 2021
IPO Closing Date: 18 February 2021
Finalisation of Basis of Allotment: 23 February 2021
Initiation of refunds: 24 February 2021
Transfer of shares to demat accounts: 24 February 2021
Listing Date: 26 February 2021
Opening Price on NSE: INR109 per share (up 15.96% from IPO price)
RailTel Corporation of India Limited
Plate – A, 6th Floor,
Office Block, Tower-2,
East Kidwai Nagar, South Delhi,
New Delhi 110023
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: www.railtelindia.com
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 17,369,237 | 0.00 | 2.96 | 65.14 |
NII | 12,998,006 | 0.75 | 2.63 | 73.25 |
Retail | 30,328,680 | 4.99 | 10.54 | 16.79 |
Employees | 500,000 | 0.81 | 1.85 | 3.36 |
Total | 61,195,923 | 2.63 | 6.65 | 42.39 |
RailTel IPO is a main-board IPO of 87,153,369 equity shares of the face value of ₹10 aggregating up to ₹819.24 Crores. The issue is priced at ₹93 to ₹94 per equity share. The minimum order quantity is 155 Shares.The initial public offering (IPO) begins Feb 16, 2021 and ends on Feb 18, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The RailTel IPO opens on Feb 16, 2021 and closes on Feb 18, 2021.
RailTel IPO lot size is 155 Shares and the minimum order quantity is 155 Shares.
RailTel IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for RailTel IPO will be done on Feb 23, 2021, and the allotted shares will be credited to your demat account by Feb 24, 2021. Check the RailTel IPO allotment status.
The RailTel IPO listing date is on Friday, February 26, 2021.
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