HomeIPORailTel IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

RailTel IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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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

Railtel IPO Date, Price, Lots and More

DescriptionDetails
Public IssuePublic Issue of 8,71,53,369 Equity Shares
Issue Period 16-Feb-2021 to 18-Feb-2021
Issue Type100% Book Building
IPO Price BandRs.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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolRAILTEL
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:

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(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

DetailsDate
Bid / Offer Opens on16-Feb-21
Bid / Offer Closes on18-Feb-21
Finalisation of Basis of Allotment23-Feb-21
Initiation of refunds 24-Feb-21
Credit of the Equity Shares24-Feb-21
Commencement of trading – Listing26-Feb-21

Railtel IPO DRHP & RHP

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

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