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| Issue Open | Feb 16, 2021 |
| Issue Close | Feb 18, 2021 |
| IPO Price | ₹94 |
| Face Value | ₹10 |
| IPO Size | ₹819.24 Cr |
| Listing At | BSE, NSE |
| IPO Lot Size | 155 |
RailTel IPO subscribed 42.39 times. The public issue subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18, 2021.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 65.14 |
| Non-Institutional Buyers | 73.25 |
| Retail Investors | 16.78 |
| Employees | 3.35 |
| Others | [.] |
| Total | 42.39 |
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1 | 0.00 | 0.75 | 4.99 | 0.81 | 2.64 |
Day 2 | 2.96 | 2.63 | 10.55 | 1.85 | 6.64 |
Day 3 | 65.14 | 73.25 | 16.78 | 3.35 | 42.39 |
RailTel IPO is a public issue of 61,195,923 equity shares. The issue offers 30,328,680 shares to retail investors, 17,369,237 shares to qualified institutional buyers, and 12,998,006 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 17,369,237 | 28.38% |
| NII | 12,998,006 | 21.24% |
| Retail | 30,328,680 | 49.56% |
| Employee | 500,000 | 0.82% |
| Total | 61,195,923 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The RailTel IPO is subscribed 42.39 by Feb 18, 2021.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 65.14 |
| Non Institutional | 73.25 |
| Retail Individual | 16.78 |
| Employee Reservations | 3.35 |
| Others | [.] |
| Total Subscription | 42.39 |
An investor can apply in RailTel IPO online via bank (using ASBA) or the broker (using UPI). The RailTel IPO shares are offered online only.
The RailTel IPO is subscribed 42.39 by Feb 18, 2021.
The RailTel IPO allotment status is expected on or around Feb 23, 2021. Visit RailTel IPO allotment status to check.
Visit RailTel IPO subscription status page for real-time bidding information about RailTel IPO.
| IPO Opens On | Feb 16, 2021 |
| IPO Closes On | Feb 18, 2021 |
| Finalisation of Basis of Allotment | Feb 23, 2021 |
| Initiation of Refunds | Feb 24, 2021 |
| Credit of Shares to Demat Account | Feb 24, 2021 |
| IPO Listing Date | Feb 26, 2021 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
