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 Promoters:

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

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 Opening DateFeb 16, 2021
IPO Closing DateFeb 18, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹93 to ₹94 per equity share
Market Lot155 Shares
Min Order Quantity155 Shares
Listing AtBSE, NSE
Issue Size87,153,369 Eq Shares of ₹10
(aggregating up to ₹819.24 Cr)
Offer for Sale87,153,369 Eq Shares of ₹10
(aggregating up to ₹819.24 Cr)

RailTel IPO Tentative Timetable

The RailTel IPO open date is Feb 16, 2021, and the close date is Feb 18, 2021. The issue may list on Feb 26, 2021.

IPO Open DateFeb 16, 2021
IPO Close DateFeb 18, 2021
Basis of Allotment DateFeb 23, 2021
Initiation of RefundsFeb 24, 2021
Credit of Shares to Demat AccountFeb 24, 2021
IPO Listing DateFeb 26, 2021

RailTel IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum1155₹14,570
Maximum132015₹189,410

RailTel IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding72.84%

RailTel IPO Subscription Status (Bidding Detail)

The RailTel IPO is subscribed 42.39x times on Feb 18, 2021 05:00. The public issue subscribed 16.78x in the retail category, 65.14x in the QIB category, and 73.25x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

65.14x

NII

73.25x

RII

16.78x

Employee

3.35x

Total

42.39x

RailTel IPO Prospectus

RailTel IPO Rating

3153
4.1
Rating:Rated 4.1 stars

Vote Here ...

RailTel IPO Listing Date

Listing DateFriday, February 26, 2021
BSE Script Code543265
NSE SymbolRAILTEL
Listing InB Group of Securities
ISININE0DD101019
IPO Price₹94 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹94.00
₹104.60
₹104.60
₹125.50
₹121.40
15,941,272
NSE
₹94.00
₹109.00
₹101.00
₹127.85
₹121.35
128,128,642

RailTel IPO Registrar

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

Phone: 1-800-3454001
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

RailTel IPO FAQs

  1. What is RailTel IPO?

    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 IPO opens on Feb 16, 2021, and closes on Feb 18, 2021.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in RailTel IPO through Zerodha?

    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.

  3. When RailTel IPO will open?

    The RailTel IPO opens on Feb 16, 2021 and closes on Feb 18, 2021.

  4. What is the lot size of RailTel IPO?

    RailTel IPO lot size is 155 Shares and the minimum order quantity is 155 Shares.

  5. How to apply for RailTel IPO?

    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.

  6. When RailTel IPO allotment?

    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.

  7. When is RailTel IPO listing date?

    The RailTel IPO listing date is on Friday, February 26, 2021.

RailTel IPO Message Board

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