FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
RailTel IPO is a book built issue of Rs 819.24 crores. The issue is entirely an offer for sale of 8.72 crore shares.
RailTel IPO bidding started from February 16, 2021 and ended on February 18, 2021. The allotment for RailTel IPO was finalized on Tuesday, February 23, 2021. The shares got listed on BSE, NSE on February 26, 2021.
RailTel IPO price band is set at ₹93 to ₹94 per share. The minimum lot size for an application is 155 Shares. The minimum amount of investment required by retail investors is ₹14,570.
ICICI Securities Limited, Idbi Capital Market Services Limited and SBI Capital Markets Limited are the book running lead managers of the RailTel IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to RailTel IPO RHP for detailed information.
IPO Date | February 16, 2021 to February 18, 2021 |
Listing Date | February 26, 2021 |
Face Value | ₹10 per share |
Price Band | ₹93 to ₹94 per share |
Lot Size | 155 Shares |
Total Issue Size | 87,153,369 shares (aggregating up to ₹819.24 Cr) |
Offer for Sale | 87,153,369 shares of ₹10 (aggregating up to ₹819.24 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 320,938,407 |
Share holding post issue | 320,938,407 |
RailTel IPO offers 61,195,923 shares. 17,369,237 (28.38%) to QIB, 12,998,006 (21.24%) to NII, 30,328,680 (49.56%) to RII, 500,000 (0.82%) to employees. 195,668 RIIs will receive minimum 155 shares and (sNII) and (bNII) will receive minimum 2,170 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 17,369,237 (28.38%) | NA |
NII (HNI) Shares Offered | 12,998,006 (21.24%) | |
Retail Shares Offered | 30,328,680 (49.56%) | 195,668 |
Employee Shares Offered | 500,000 (0.82%) | NA |
Total Shares Offered | 61,195,923 (100%) |
RailTel IPO opens on February 16, 2021, and closes on February 18, 2021.
IPO Open Date | Tuesday, February 16, 2021 |
IPO Close Date | Thursday, February 18, 2021 |
Basis of Allotment | Tuesday, February 23, 2021 |
Initiation of Refunds | Wednesday, February 24, 2021 |
Credit of Shares to Demat | Wednesday, February 24, 2021 |
Listing Date | Friday, February 26, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2021 |
Investors can bid for a minimum of 155 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 155 | ₹14,570 |
Retail (Max) | 13 | 2015 | ₹189,410 |
Lot Size Calculator |
The President of India, acting through the Ministry of Railways is the promoter of the company.
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 72.84% |
Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.
RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.
Key Facts about RailTel Corporation
Particulars | For the year/period ended (Rs in million) | |||
---|---|---|---|---|
30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
Total Assets | 24,821.50 | 23,981 | 22,276.75 | 23,228.79 |
Total Revenue | 5,537.84 | 11,660.05 | 10,382.66 | 10,212.18 |
Profit After Tax | 455.84 | 1,410.66 | 1,353.56 | 1,340.06 |
The net proceed from the IPO will be used towards following purposes:
[Dilip Davda] On P/E and P/BV parameters, the issue appears fully priced. Currently, the company leads the pack of the telecom industry with 13% profit margins and 14% ROCE. Management is confident for slow and steady growth. Considering all these aspects, investors may consider investing in this issue with a long term perspective. Read detail review...
The RailTel IPO is subscribed 42.39 times on February 18, 2021 5:00:00 AM. The public issue subscribed 16.78 times in the retail category, 65.14 times in the QIB category, and 73.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 65.14 |
NII | 73.25 |
Retail | 16.78 |
Employee | 3.35 |
Total | 42.39 |
Listing Date | February 26, 2021 |
BSE Script Code | 543265 |
NSE Symbol | RAILTEL |
ISIN | INE0DD101019 |
Final Issue Price | ₹94 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹94.00 |
₹104.60 |
₹104.60 |
₹125.50 |
₹121.40 |
NSE |
---|
₹94.00 |
₹109.00 |
₹101.00 |
₹127.85 |
₹121.35 |
RailTel Corporation of India Limited
Plate - A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: http://www.railtelindia.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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 share. The minimum order quantity is 155 Shares.
The IPO opens on February 16, 2021, and closes on February 18, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RailTel IPO using UPI as a payment gateway. Zerodha customers can apply in RailTel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RailTel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RailTel IPO opens on February 16, 2021 and closes on February 18, 2021.
RailTel IPO lot size is 155 Shares, and the minimum amount required is ₹14,570.
You can apply in RailTel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for RailTel IPO will be done on Tuesday, February 23, 2021, and the allotted shares will be credited to your demat account by Wednesday, February 24, 2021. Check the RailTel IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|