Incorporated in 2000, RailTel Corporation is a public sector enterprise unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider firm. The firm was established with the key goal to modernize telecom infrastructure and today, it is likely one of the largest telecom infrastructure providers.
RailTel makes use of the most recent technology like excessive dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. As on 30 June 2020, it has covered an optic fiber network over 55,000 Km and 5677 railway stations. The firm has data centers in Haryana, Gurugram, Secunderabad, and Telangana.
RailTel Products and Services:
- Telecom Network Services
- Telecom Infrastructure Services
- Data Center and Hosting Services
- System Integration Services
Company Promoters:
The President of India, acting through the Ministry of Railways is the promoter of the company.
Company Financials:
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 24,821.50 | 23,981 | 22,276.75 | 23,228.79 |
| Total Revenue | 5,537.84 | 11,660.05 | 10,382.66 | 10,212.18 |
| Profit After Tax | 455.84 | 1,410.66 | 1,353.56 | 1,340.06 |
Objects of the Issue:
The net proceed from the IPO will likely be used in direction of following functions:
- To perform the disinvestment plan.
- To obtain the advantages of equity share listing on the stock exchanges.
RailTel IPO Details
| IPO Opening Date | Feb 16, 2021 |
| IPO Closing Date | Feb 18, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 to ₹94 per equity share |
| Market Lot | 155 Shares |
| Min Order Quantity | 155 Shares |
| Listing At | BSE, NSE |
| Issue Size | 87,153,369 Eq Shares of ₹10 (aggregating as much as ₹819.24 Cr) |
| Offer for Sale | 87,153,369 Eq Shares of ₹10 (aggregating as much as ₹819.24 Cr) |
Also Read : What is an Equity Mutual Fund?
RailTel IPO Tentative Timetable
The RailTel IPO open date is Feb 16, 2021, and the close date is Feb 18, 2021. The issue could list on Feb 26, 2021.
| IPO Open Date | Feb 16, 2021 |
| IPO Close Date | Feb 18, 2021 |
| Basis of Allotment Date | Feb 23, 2021 |
| Initiation of Refunds | Feb 24, 2021 |
| Credit of Shares to Demat Account | Feb 24, 2021 |
| IPO Listing Date | Feb 26, 2021 |
RailTel IPO Lot Size
The RailTel IPO market lot size is 155 shares. A retail-individual investor can apply for as much as 13 lots (2015 shares or ₹189,410).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 155 | ₹14,570 |
| Maximum | 13 | 2015 | ₹189,410 |
RailTel IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Contact Information
RailTel Corporation of India Limited
Plate – A, sixth Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: http://www.railtelindia.com/
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: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
RailTel IPO Lead Manager(s)
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
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RailTel IPO FAQs
- What is RailTel IPO?
RailTel IPO is a main-board IPO of 87,153,369 equity shares of the face value of ₹10 aggregating as much as ₹819.24 Crores. The issue is priced at ₹93 to ₹94 per equity share. The minimum order quantity is 155 Shares. The IPO opens on Feb 16, 2021, and closes on Feb 18, 2021.KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE. - How to apply in RailTel IPO through Zerodha?