Chittorgarh.com Logo
Loading...

RailTel Corporation of India Limited IPO (RailTel IPO) Detail

Feb 16, 2021 - Feb 18, 2021

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

  • One of the largest neutral telecom infrastructure providers in India with PAN India optic fiber network.
  • Diversified Range of services i.e. Telecom Network, Telecom Infrastructure, Data Center and Hosting, and Projects.
  • Operates an optic fiber network covering 59,098 route Kms and 5,929 railway stations in India.
  • RailTel Corporation has an exclusive right of way along 67,415 Kms connecting 7,321 railway stations.
  • Center Network Operation Center at New Delhi and 4 NOCs at Mumbai, Delhi, Kolkata, and Secunderabad.
  • It has 305,746 retail customers and 5,023 Access network providers (ANPs) to deliver the last mile connectivity.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

The net proceed from the IPO will be used towards following purposes:

  1. To carry out the disinvestment plan.
  2. To achieve the benefits of equity share listing on the stock exchanges.

RailTel IPO Details

IPO Date Feb 16, 2021 to Feb 18, 2021
Listing Date Friday, February 26, 2021
Face Value ₹10 per share
Price ₹93 to ₹94 per share
Lot Size 155 Shares
Issue Size87,153,369 shares of ₹10
(aggregating up to ₹819.24 Cr)
Offer for Sale87,153,369 shares of ₹10
(aggregating up to ₹819.24 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The President of India, acting through the Ministry of Railways is the promoter of the company.

RailTel IPO Tentative Timetable

RailTel IPO opens on Feb 16, 2021, and closes on Feb 18, 2021. The RailTel IPO bid date is from Feb 16, 2021 10.00 A.M. to Feb 18, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Feb 16, 2021
Closing Date Feb 18, 2021
Basis of Allotment Feb 23, 2021
Initiation of Refunds Feb 24, 2021
Credit of Shares to Demat Feb 24, 2021
Listing Date Feb 26, 2021

RailTel IPO Lot Size

The RailTel IPO lot size is 155 shares. A retail-individual investor can apply for up to 13 lots (2015 shares or ₹189,410).

Application Lots Shares Amount
Retail (Min) 1 155 ₹14,570
Retail (Max) 13 2015 ₹189,410

RailTel IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 72.84%

RailTel IPO Review

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...


RailTel IPO Subscription Status (Bidding Detail)

The RailTel IPO is subscribed 42.39 times on Feb 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)

CategorySubscription (times)
QIB65.14
NII73.25
Retail16.78
Employee3.35
Total42.39

RailTel IPO Prospectus

RailTel IPO Rating

3153
4.1
Rating:Rated 4.1 stars
Vote Here ...

RailTel IPO Listing Date

Listing Date Friday, February 26, 2021
BSE Script Code 543265
NSE Symbol RAILTEL
Listing In B Group of Securities
ISIN INE0DD101019
IPO Price ₹94 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

RailTel IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

RailTel IPO FAQs

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 Feb 16, 2021, and closes on Feb 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'RailTel IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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 .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of 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.
Open an Instant Account with Zerodha

RailTel IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...

2061 Comments

905. Noorul |   Link |Dec 6, 2021 9:57:11 PM
Latest Gmp 50 rs.. despite of a strong anchor book.
904. arunARUN |   Link |Mar 12, 2021 8:07:05 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
@admin
You should consider a new page which can be named disappointing IPOs
This page should highlight IPO stock between year 1 to year 5 specially those who are trading below atleast 20 percent of issue price post adjusting corporate action
On similar pattern
Consider a page for Happy IPOs again between year 1 to year 5 for IPOs trading above 20% of issue price adjusting for corporate actions
903. Model satyam |   Link |Mar 9, 2021 5:29:11 PM
CL232151430009 is application number of my railtel ipo . My blocked amount is RS.29140 .I have allotment of 155 shares which amount additionally RS.14570 is debited from my account on 3rd of March 2021 . I did not get refund of RS.29140 which is blocked for rail tail ipo till 8Th of March 2021 .Now autopay removed but I don''t get credit amount to be my account.So I request you to unblock my blocked amount.
I WANT TO KNOW WHAT IS ISSUE
902. ISHWAR CHOUDHARY |   Link |Mar 3, 2021 10:11:04 PM
Mera IPO ka allotement ho gya payment bhi debit ho gya bank se share bhi angel me credit ho gya or sell bhi kar diya par bank me payment deduct hone ke bad bhi RAILTEL ka block Amount unblock nhi hua.

Kus solution hai to bataye please
901. APSC |   Link |Mar 2, 2021 9:27:57 PM
I had applied for RailTel IPO (13 lots) through Zerodha and BHIM UPI. Amount was blocked/lien in my SBI account. Later, I was allotted 1 lot and shares are now reflected in my Zerodha/Demat account.

Since, the entire amount remained blocked/lien even after allotment and I was in need of funds, I e-mailed SBI to unblock remaining amount.

But, they had now unblocked the ''entire'' mandate amount and no deduction was made towards that allotted 1 lot of shares.

In other words, it seems that I have 1 lot of RailTel shares without any cost.
What is this anomaly ? please help as I don''t want to loose my allotment.
901.1. RAKESH PUTHRAN |   Link |Mar 2, 2021 9:50:57 PM
SBI as an ASBA is prompt. You would have got back money for 12 Lots only( please. check again). 1 Lot was just 14-15 K only and you would have got refund of 1.72 lacks. And still if you fell they have refunded for 13 lots. Tomorrow when the Share doubles sell it and pay back SBI . You would still have profit of 14-15 K to Enjoy. Do comment back for benefit of all.
901.2. APSC |   Link |Mar 3, 2021 8:29:37 PM
Finally, amount for 1 allotted lot has been deducted today i.e. 24 hrs after removing hold over entire mandate.
Such latency.
Weird stuff.
900. Cautious ipo |   Link |Mar 2, 2021 5:18:01 PM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
A 10/12 rs gmp ipo listed share performing stunning unexpectedly who knows what ahead 209/230 or 209/230 then182 ....
900.1. arunARUN |   Link |Mar 3, 2021 1:20:11 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
You should always ask why?
899. RajBreaks |   Link |Mar 2, 2021 9:42:28 AM
Dear Retailers,

Jissne Yea Soch Rahe Ho Ki Railtel Bech Ke MTAR Ke Liye Apply Karoge....PLZ PLZ PLZ
Railetel Becho Maat. MTAR Lottery Hoga, Railtel Tumhare Haat Pe Hai. Patience Ke Saath Isse Rakkho..... Asani Se Yea 230 - 250 Ki Taraf Jaane Wale Hai. Thoda Ups Down Hoga But Jarror 230-250 Hoga By 6 Months.

My Personal View.
899.2. RajBreaks |   Link |Mar 3, 2021 9:45:09 AM
Railtel High Almost At 189 Rs After Opening As Said.

Abh Jinnone Becha, Woh Total Sell Quantities Ka 1/3 Kharid Kar Saakte Hai.
Mkt Price 169 Rs @ 9.45 am
899.3. Sripathi Venkatesh |   Link |Mar 3, 2021 10:01:44 AM
Why is the Rail tel Share falling today should i hold or sell it ?
will it recover ?
898. Konapurkar Aditya |   Link |Mar 2, 2021 9:55:36 PM
Govt to sell 16percent share innircin at discount price of 10 percent that is at rs 88 per share
897. Equitybullsindia |   Link |Mar 2, 2021 8:19:56 PM
I applied and forgot. Today i checked railtel ipo was allotted to me. Capital almost doubled.
896. sree vas |   Link |Mar 2, 2021 7:42:05 PM
Top Contributor Top Contributor (300+ Posts)
Off the topic....

IRCON intl is planning an OFS at 88r, actually the bonus meeting was deffered
895. Noorul Khan |   Link |Mar 2, 2021 10:14:40 AM
Is there any special reason that railtel become unstopable.. burger king was also circuit breaker but its listed at double price.. railtel listed at 15 % premiun only n than touching U C every morning.. its looks very rare case
895.1. Allan |   Link |Mar 2, 2021 11:25:18 AM
Top Contributor Top Contributor (200+ Posts)
Burger king listed in normal market conditions vs Railtel that listed when the market lost a few hundred points. Else these circuits would have followed since day 1....in any case most retailers got out on the first day.
894. Shrihari |   Link |Mar 1, 2021 1:27:23 PM
I book profit of 8000 on 155 shares and zerodha pe 4400 delivery margin cut hogai, is it possible
894.3. Chem cho |   Link |Mar 2, 2021 10:33:21 AM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
YOU WILL GET CREDIT ON 02/03/21 TO TRADE
AND T +2 DAY YOU CAN WITHDRAW MONEY
894.4. Mr. Novice |   Link |Mar 2, 2021 11:22:39 AM
According to rules:-
1. 80% of amount is usable on the same day for another trade.
2. 100% of amount will be usable for trade from T+1.
3. 100% of amount will be withdrawable in Bank Accounts from T+2 day.
893. Chokdi gang |   Link |Mar 1, 2021 1:15:03 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Union bank still blocked railtel lien amount anyone facing same issue ?
892. TheAkash |   Link |Mar 1, 2021 12:18:28 PM
Should I sell at UC?
Please advise as I am new to stocks and share market.
891. hpsangha |   Link |Feb 26, 2021 2:14:43 PM
Railtel IPO, Should I hold back or sell it today?
891.4. Allan |   Link |Mar 1, 2021 11:05:15 AM
Top Contributor Top Contributor (200+ Posts)
nice!..
891.5. Chem cho |   Link |Mar 1, 2021 11:29:00 AM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
BAD LUCK
TODAY IT IS UPPER CURCUIT
890. Chem cho |   Link |Mar 1, 2021 10:24:44 AM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
LIKELY TO TOUCH RS 150
NOW RS 139 HIGH 142.45 01/03/21 TIME 10.25
890.4. hpsangha |   Link |Mar 2, 2021 9:33:41 AM
Touched 173 today
890.5. Chem cho |   Link |Mar 2, 2021 10:25:32 AM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
HOLD FOR TARGET OF RS 180-185
889. Cautious ipo |   Link |Mar 1, 2021 9:42:37 AM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
New margin rules unabling to sell bought few thousand on friday at 112 ...
889.1. Cautious ipo |   Link |Mar 1, 2021 11:24:56 AM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
Will exit at 225 month end
889.2. Cautious ipo |   Link |Mar 1, 2021 3:53:58 PM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
Post listing buying better then non allotments...its remembering me burger king type runaway story...
888. RajBreaks |   Link |Feb 26, 2021 1:32:33 PM
Bravo Retails,

Thoda Aur Himmat Dekhao, Aaj Aur Sell Maat Karo.
Closing Agar 128 Ke Upar Hua Toh Samjho 1-2 Weeks Me 150 Rs Confirm.
888.1. RajBreaks |   Link |Feb 26, 2021 1:37:34 PM
Sorry, Its Not 128 Ke Upar But Uppercircuit.
888.2. RajBreaks |   Link |Mar 1, 2021 11:15:46 AM
Phir Se Retailers Ko Thanks.
150rs Ka Target 1-2 Weeks Nehi BUt 1-3 Days Mei Aa Raha Hai.

Aur Corona Ke Waja Se Rail Service Phir Se Bandh Nehi Hua Aur Train Service Jaise Hi Full Scale Me Chalu Hua, Uss Din Se 3 Months Me Kam Se Kam 30% Upside Aur Near 190Rs.

March 2022 Tak Mera Tgt 230.

Abh 2-4 Weeks Ka Tgt 164. Iss Bich Me Agar Koi Jhatke Se Market Niche Aaya Then Buy Near 124 - 116.

Above Are My Personal Views.
887. Noorul Khan |   Link |Feb 26, 2021 3:09:10 PM
Sold my 740 share @ 114. Becaz market was soo negative today.. but still the ipo outperformed.. wasnt aware it will cross 125 today only..
887.5. Chaheta |   Link |Mar 1, 2021 1:54:48 PM
UC @ 145.6 today.. Should have hold for few more sessions..
887.6. hpsangha |   Link |Mar 2, 2021 9:34:41 AM
Touched 173 today
886. Kishore S |   Link |Mar 1, 2021 12:40:08 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
RailTel Corporation of India Ltd bags Rs. 105.82 crore orders from Ministry of Railways