RailTel IPO Date, Review, Price Band, Form & Market Lot Details

IPO Initial Public Offerings
RailTel IPO to hit the market on 16 February and closes on 18 February 2021. RailTel Corporation is a “Mini Ratna (Category-I)” PSU company and provide ationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems. They are one of the largest neutral telecom infrastructure providers in the country. The network covers all important towns & cities of the country and several rural areas covering 70% of India’s population. Currently RailTel Corporation has created over 45000 RKMs of fiber network connecting over 4500 cities/towns on the network including many rural areas. They offers servies which includes Managed lease lines, Tower colocation, MPLS based IP-VPN, Internet and NGN based voice carriage services to Telecom Operators, Internet Service Providers, MSOs, Enterprises, Banks, Govt. Institutions/dept., Educational Institutions/Universities, etc. RailTel is aggressively entering into Enterprise services market with launch of its various services like Data Center, Railwire, Telepresence, etc. As on June 30, its optic fibre network covers over 55,000 km and 5,677 railway stations across towns and cities in the country. Check out RailTel IPO date, price band and market lot details.

Equity Shares outstanding prior to the Issue = 32,09,38,407 Shares
Offer for Sale of 8,71,53,369 Shares @94/- = Rs.819.24 Crores
Equity Shares outstanding after the Issue = 32,09,38,407 Shares

Category-wise Break up:
Anchor: 2,59,96,010 Shares = 244.36 Crores
QIB: 1,73,30,673 Shares = 162.91 Crores
NII: 1,29,98,006 Shares = 122.18 Crores
RII: 3,03,28680 Shares = 285.09 Crores (Lot size: 155 = 1,95,669 Forms)
Empl. Quota: 5,00,000 Shares = 4.70 Crores
Total Issue: 8,71,53,369 Shares = 819.24 Crores.

Subscription required for 1X
RII: 1,95,669 Forms
NII: 122.18  Crores

RailTel IPO

    RailTel IPO Review:

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    RailTel IPO Dates & Price Band:

     IPO Open: 16 February 2021
     IPO Close: 18 February 2021
     IPO Size: Approx ₹819 Cror
     Face Value: ₹10 Per Equity Share
     Price Band: ₹93 to ₹94 Per Share 
     Listing on: BSE & NSE
     Retail Portion: 35%
     Equity: 87,153,369 Shares

    RailTel IPO Market Lot:

      Minimum Lot Size: Minimum 155 Shares
     Minimum Amount: ₹14570
      Maximum Lot Size: Maximum 2015 Shares
     Maximum Amount: ₹189410

    RailTel IPO Allotment & Listing:

     Basis of Allotment: 23 February 2021
     Refunds: 24 February 2021
     Credit to Demat Account: 25 February 2021
     Listing Date: 26 February 2021

    RailTel IPO Form:

    How to apply the RailTel IPO? You can apply RailTel IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the RailTel IPO in the Invest section. The other option you can apply RailTel IPO via IPO forms download via NSE and BSE. Check out the RailTel forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    RailTel Company Financial:

      ₹ in Crore
    RevenueExpensePAT
    2016
    2017
    20181021835134
    20191038821135
    20201166932141

    Company Promoters:

    • The President of India, acting through The Ministry Of Railways, Government Of India

    Quick Links:

    DRHP Draft Prospectus
    RHP Draft Prospectus

    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: [email protected]
    Website: https://karisma.kfintech.com/
    Note: Check RailTel IPO allotment status on KFintech website allotment URL. Click Here

    RailTel  IPO Lead Managers:

    • ICICI Securities Limited
    • IDBI Capital Market Services Limited
    • SBI Capital Markets Limited

    Company Address:

    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: [email protected]
    Website: http://www.railtelindia.com/

    RailTel IPO FAQs:

    When RailTel IPO will open for Anchor Investors?

    The Anchor Investors bidding date is 15 February 2021.

    When RailTel IPO will open for QIB, NII, and Retail?

    The IPO date is 16 February for QIB, NII, and Retail Investors.

    What is RailTel IPO Investors Portion?

    The investors’ portion for QIB 50%, NII 15%, and Retail 35%.

    How to Apply the RailTel IPO?

    You can apply RailTel IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    What is RailTel IPO Allotment Date?

    RailTel IPO allotment date is 23 February. You can check IPO allotment here.

    What is RailTel IPO Size?

    RailTel IPO size is Rs.819 Crores.

    What is RailTel IPO Listing Date?

    RailTel IPO listing date 26 February. The IPO to list on NSE and BSE.

    Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (RailTel IPO GMP) will be added on the grey market page as it will start)

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