RailTel Corporation files DRHP with SEBI for 700 crore IPO. The issue consists an offer for sale of 8,66,53,369 shares and employee reserved portion by the Government of India. 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. Stay tuned for RailTel IPO dates, price band and market lot details.
RailTel IPO Review:
- Adding Soon
RailTel IPO Dates & Price Band:
|IPO Open:|| December 2020
|IPO Close:|| December 2020
|IPO Size:||Approx ₹700 Crore (Approx)|
|Face Value:||₹10 Per Equity Share|
|Price Band:||₹75 to ₹80 Per Share|
|Listing on:||BSE & NSE|
RailTel IPO Market Lot:
|Minimum Lot Size:||Minimum 187 Shares|
|Maximum Lot Size:||Maximum - Shares|
RailTel IPO Allotment & Listing:
|Basis of Allotment:|| December 2020
|Credit to Demat Account:||December 2020|
|Listing Date:||December 2020|
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|
- 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.
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
RailTel IPO FAQs:
When RailTel IPO will open for Anchor Investors?
The Anchor Investors bidding is not started yet.
When RailTel IPO will open for QIB, NII, and Retail?
The IPO dates are not finalized for QIB, NII, and Retail Investors.
What is RailTel IPO Investors Portion?
The investors' portion for QIB -%, NII -%, and Retail -%.
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 not announced yet. You can check IPO allotment here.
What is RailTel IPO Size?
RailTel IPO size is Rs.700 Crores.
What is RailTel IPO Listing Date?
RailTel IPO listing date is not announced yet. The IPO to list on NSE and BSE.