RailTel IPO
RailTel Corporation a “Mini Ratna (Category-I)” PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track.
Incorporated as “RailTel Corporation of India Limited” on September 26, 2000, as a public limited company under the Companies Act, 1956, and the certificate of incorporation was issued by the Assistant Registrar of Companies, N.C.T. of Delhi and Haryana.
Railtel IPO Date, Price, Lots and More
| Description | Details |
|---|---|
| Public Issue | Public Issue of 8,71,53,369 Equity Shares |
| Issue Period | 16-Feb-2021 to 18-Feb-2021 |
| Issue Type | 100% Book Building |
| IPO Price Band | Rs.93 to Rs.94 |
| Face Value | Rs.10 |
| Market Lot | 155 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 155 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | RAILTEL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Railtel IPO Lead Managers
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
Railtel IPO Registrar
- KFin Technologies Private Limited
Objects of the Issue
The objects of the Offer are:
(i) to carry out the disinvestment of 87,153,369 Equity Shares by the Selling Shareholder constituting [●]% of the Company’s paid up Equity Share capital our Company; and
(ii) to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.
Also Read : LIC IPO : Govt selected Milliman Advisors LLP India as the Reporting Actuary for the Embedded Value of LIC
Railtel IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 16-Feb-21 |
| Bid / Offer Closes on | 18-Feb-21 |
| Finalisation of Basis of Allotment | 23-Feb-21 |
| Initiation of refunds | 24-Feb-21 |
| Credit of the Equity Shares | 24-Feb-21 |
| Commencement of trading – Listing | 26-Feb-21 |
Railtel IPO DRHP & RHP
- Draft Red Herring Prospectus
- Red Herring Prospectus
Railtel IPO – FAQs
When Railtel IPO will open ?
The Railtel IPO opens on Feb 16, 2021 and closes on Feb 18, 2021
What is the lot size of Railtel IPO ?
Railtel IPO lot size is 155 Shares and the minimum order quantity is 155 Shares.
What is the price band for Railtel IPO ?
The Railtel IPO price band at Rs.93 to Rs.94 per share
Who is the Registrar for Railtel IPO ?
The Registrar is KFin Technologies Private Limited
How to apply in Railtel IPO through UPI?
Check the step by step process here – Click here