railtel_ipo

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 Corporation of India Limited

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:

ParticularsFor the year/period ended (Rs in million)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets24,821.5023,98122,276.7523,228.79
Total Revenue5,537.8411,660.0510,382.6610,212.18
Profit After Tax455.841,410.661,353.561,340.06

Objects of the Issue:

The net proceed from the IPO will likely be used in direction of following functions:

  1. To perform the disinvestment plan.
  2. To obtain the advantages of equity share listing on the stock exchanges.

RailTel IPO Details

IPO Opening DateFeb 16, 2021
IPO Closing DateFeb 18, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹93 to ₹94 per equity share
Market Lot155 Shares
Min Order Quantity155 Shares
Listing AtBSE, NSE
Issue Size87,153,369 Eq Shares of ₹10
(aggregating as much as ₹819.24 Cr)
Offer for Sale87,153,369 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 DateFeb 16, 2021
IPO Close DateFeb 18, 2021
Basis of Allotment DateFeb 23, 2021
Initiation of RefundsFeb 24, 2021
Credit of Shares to Demat AccountFeb 24, 2021
IPO Listing DateFeb 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum1155₹14,570
Maximum132015₹189,410

RailTel IPO Promoter Holding

Pre Issue Share Holding100%
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
Websitehttp://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
Websitehttps://karisma.kfintech.com/

RailTel IPO Lead Manager(s)

  1. ICICI Securities Limited
  2. IDBI Capital Market Services Limited
  3. SBI Capital Markets Limited

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RailTel IPO FAQs

  1. 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.
  2. How to apply in RailTel IPO through Zerodha?

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