RailTel Corporation of India Limited IPO Message Board (Page 45)

https://telecom.economictimes.indiatimes.com/news/railtel-bags-e-office-phase-3-project-from-indian-railways/79279482

@Ankur
you mean not much incremental growth.Right?

@HML, yes.

Dear admin
Please open separate page for burger King IPO...

Rail Tel IPO
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

Industrial and Prudential Investment Company Ltd. has approved buy back in its recently held board meeting. I am unable to find out i) whether it is under tender offer route or open market & ii) Buy back at what rate/price. Any one having knowledge please share.

buyback price is rs 1200/- per share.
The buyback is proposed to be made from the shareholders of the Company
on a proportionate basis under the tender offer route using the stock
exchange mechanism in accordance with the provisions contained in the
SEBI (Buy Back of Securities) Regulations, 2018 (hereinafter referred to as
the "Buyback Regulations") and the Companies Act, 2013 and rules made
thereunder. The Buyback size does not include any taxes and expenses
incurred or to be incurred for the buyback like filing fees payable to
Securities and Exchange Board of India, advisory fees, public
announcement publication expenses, printing and dispatch expenses, and
other incidental and related expenses. The Buyback is subject to approval of
the Members by means of a special resolution through a postal ballot. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.

Tender offer route. Buy back of upto 3.8% equity at Rs 1200

RailTel IPO :
2 - 4 Dec.
Price band : 75 - 80
Lot : 185 shares

GMP : 8 - 10

Small issue ???? appy for listing gains

PSU share, most probably 5% retail discount. Wait till announcement of price band. Stagnant financial of last three year

@ krishna
price Rs 70 to 80 per share ,
what is your issue , making remarks
small issue , listing price is always higher

Numbers and valuation on RailTel Corporation IPO

Existing Shares - 32,09,38,407
Offer for Sale - 8,66,53,369 (i.e. 27% disinvestment)
Issue Size - 700 Crore (https://economictimes.indiatimes.com/markets/ipos/fpos/railtel-corporation-files-draft-papers-with-sebi-for-rs-700-crore-ipo/articleshow/78444692.cms)

Holding above information on Issue Size to be exact, offer price seems to be around - 80.8/share
Market Cap - 2,593 Cr (32,09,38,407 x 80.8)
EV - 2,225 Cr (Debt is 0 as most of the lease liabilities are operating liabilities AND Cash and Cash Equivalents 368 Cr incl. Term Deposit maturity of less than 12 months)

EV/Sales      1.9x
EV/EBITDA      6.0x
EV/EBIT       9.2x
P/E       18.4x
P/B       1.9x
RoE       10.3%
Div. Yield      2.0% (assumed 50 Cr based on dividend of 46cr, 62cr and 51cr for FY 2020, 2019 and 2018 respectively)

Please do your own due diligence before investing!

Well done.For me @ 80 , P/B ratio also is on higher side as being PSU and that too telecom service provider related company.The reason for keeping high price may be the debt-free profit making company where most of the private players are showing loss and trading below at par BV. EV/SALES & EV/EBITDA are attractive. Price below 70 can be much better as per DRHP numbers.Let's see the final price based on RHP.

@ Karishna & HML
Agree that valuation is certainly on the higher side and there is nothing on the table for IPO listing gains.
Given the flat growth, 67-70 seems to be a fair valuation range as of today.

Happy Diwali and best wishes for New year Samvat 2077. May this year bring new high to Indian stock market.
Happy Dipawali to Chittorgarh team.

BSE and the NSE will conduct Muhurat trading session on November 14 that will start at 6:15 and will last till 7:15. There will be pre-open Muhurat Session from 6:00 pm to 6:08 pm and a post-closing Muhurat Session between 7:25 pm and 7:35 pm.

https://www.timesnownews.com/business-economy/markets/article/diwali-muhurat-trading-2020-timing-and-significance-of-the-one-hour-special-trading-session-stock-picks/681472

Waiting for the price band before come to conclusion.

Only Concern as of now is GROWTH is stagnant reflect from last 3 years data

Indigo paints filed IPO papers for 1000Cr size...

Diwali 2020 stock picks:

Market has rallied to all time highs and quite unexpectedly so but do we all feel our portfolio did not do as well? This is true for all retail investors like us. Small and Mid caps have grossly underperformed and a mega mega rally is due big! World has so much liquidity that money is bound to come in equity and beyond a point Large caps will become very expensive. After lot of research, I have come up with a list of small and mid caps which look very promising for excellent returns with very limited downside. So here are my Diwali 2020 picks. Do your own research and take decisions based on your risk appetite:

1) Welspun India. CMP 64. Target 120. 1 year.
2) Route Mobile. CMP 900. Target 1800-1900. 1 year.
3) GIC Re. CMP 124. Target 275. 1-2 Years.
4) AB capital. CMP 72. Target 150. 6 months.
5) Ujjivan Small Finance Bank. CMP 33. Target 75. 1 year.
6) RBL Bank. CMP 205. Target 400. 1 year.
7) Yes Bank. CMP 14. Target 25. 1 year.
8) IDFC First Bank. CMP 33. Target 115. 2 years.
9) Vodafone Idea. CMP 8.50. Target 18-20. 6 months. High risk. Maintain stop loss @ 4.90.
10) JM Financials. CMP 76. Target 125. 6 months.
11) BEL. CMP 95. Target 145. 6 months.
12) Chemcon. CMP 415. Target 650. 6 months.High risk. keep close watch on results and management commentary.
13) Happiest Minds. CMP 315. Target 450. 9 months.
14) SAIL. CMP 39.50. Target 75. 6 months.
15) SBI Cards. CMP 805. Target 1200. 1 year.

good luck. all these companies have healthy business, shown great resillience in results in pandemic, attractive valuations, very little downside, huge potential, good management!

@Amit - Hope you saw recent results and management commentary of SAIL?

Lots of gems in mid and small cap underperforming. Mid and small cap indexes are still 30-50% lower than 2018 Jan highs when Jaitely announced LTCG tax.

Sooner or later this gap has to be filled before markets top out.

@Ujjivan - Love the transparency in results and investor presentations. Very good management. Better than hyped V Vaidyanathan. small and mid cap banks and NBFCs will give excellent returns unless of course we get into serious covid induced lockdowns again resulting in more trouble for the sector.

Sauravk, SAIL paid dividend last time long time ago in year 2017..., Jun20 quarter 1200cr loss, it did not cross rs 75 last 5years... it's loss making psu.. etc .. nothing is exciting jn the counter...

Engineers India has approved buy back

Hi everyone

Which one is good broker for opening of minor demat and trading account

But prostocks having branch only in Mumbai not in Delhi or any other place

Other broker who can open demat and trading account for minor

You can courier your application to them,
I am from Mumbai so its easy for me.

Free Wi Fi service for 45 minutes to all at Railway stations are provided by this company ( in collaboration with google) . Whole telecommunication servicesof Indian railways run on its network. Stagnant EPS and top line since last three years.
The most important in this PSU IPO is pricing and retail discount.

PSU IPO
Not much ehthusiasm after MAZDOCK listing.

@ SHANI
Good result.Submarine launched today.Let's see tomorrow where price goes.
@paymzia
yes I know both are different but both are PSUs.So not that much frenzy like chemcon , route or happiest.

Yes Sir, Mazagon dock- Good result and Submarine launched today.Let's see tomorrow, hope for best..

RailTel Corporation IPO
Estimated issue price in between 78 to 83

????️
Good price ???? also company have Good profit ????????????

Rs. In millions
Year 2018 profit 1340.06
Year 2019 profit 1353.56
Year 2020 profit 1410.66

80 ××180==14400

Stagnant eps and ronw. People should not compare it with IRCTC or IRCON.

.

Railtel Corporation of India IPO – Schedule *(Tentative)*

??th Dec – Announcement of Price Band
??th Dec – Anchor Investors Allotment
??th Dec – Offer Opens
??th Dec – Offer Closes
??th Dec – Finalisation of Basis of Allotment
??th Dec – Unblocking of ASBA Accounts
??th Dec – Credit of Equity Shares to Depository Accounts
??th Dec – Commencement of Trading


Railtel Corporation of India IPO – Issue Information *(Tentative)*

Issue Opens on: ?? December 2020
Issue Closes on: ?? December 2020
Issue Type: Book Built Issue IPO
Issue Size: 8,66,53,369 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.80 – Rs.80 Share *(Tentative)*
Discount: NIL
Market Lot: 187 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 32,09,38,407 Shares
Employee Reservation of ??? Shares @80/- = Rs. ???.??Crs
Offer for Sale of 8,66,53,369 Shares @80/- = Rs.693.23Crs
Equity Shares outstanding after the Issue = 32,09,38,407 Shares

Category-wise Break up:
Anchor – 0 Shares = 000.00Crs
QIB – 4,33,26,683 Shares = 346.61Crs
NII – 1,29,98,006 Shares = 103.98Crs
RII – 3,03,28,680 Shares = 242.63Crs (Lot size: 187 = 1,62,185 Forms)
Empl. Quota – ???Shares = ???.??Crs
Total Issue – 8,66,53,369 Shares = 693.23Crs.

Subscription required for 1X
RII = 1,62,185 Forms
NII = 103.98Crs


Railtel Corporation of India IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated September 29, 2020 (390 pages)

EPS for FY17-18 >>> Rs.04.18 (Page #87 of DRHP)
EPS for FY18-19 >>> Rs.04.22 (Page #87 of DRHP)
EPS for FY19-20 >>> Rs.04.40 (Page #87 of DRHP)

RoNW for FY17-18 >>> 10.90% (Page #88 of DRHP)
RoNW for FY18-19 >>> 10.50% (Page #88 of DRHP)
RoNW for FY19-20 >>> 10.30% (Page #88 of DRHP)

NAV as on March 31, 2020 was Rs.42.67 (Page #88 of RHP)

Listed Industry Peer Group (Page #89 of DRHP): NONE


Railtel Corporation of India IPO – *Market’s Current Estimates of oversubscription*:

NII = 10.00K Crs. = ~96.17X
RII = 10.00L Forms = 6.17X Applic. wise (Avg allotment of ~30.33 shares per lot)

Interest cost *@7.00%p.a.* for 7days = 10.74paise for 1X

Thus, for NII the costing = 96.17 X 10.74paise = Rs.10.33 per share (= GMP)

And, for RII the costing = 30.33 X 10.33 = Rs.313/- (= Kostak)


Railtel Corporation of India IPO – *GMP Estimated*
GMP 10 +/- 1
Kostak 300 +/- 25