RailTel IPO Date, Review, Price Bands, Market Lot, RailTel Corporation of India IPO Important Dates, Market Lot, Listing Date & Time Details
RailTel Corporation of India files DRHP for Rs 700 crore IPO. The initial public offer (IPO) of RailTel is expected to be launched on February, 2021.
RailTel is a a category 1 mini-ratna central public sector enterprise, wholly owned by the Government of India under the administrative control of the Ministry of Railways.
State-owned RailTel Corporation of India, one of the largest neutral telecom infrastructure services providers, has filed its draft red herring prospectus (DRHP) with capital market regulator Sebi for its initial public offering on September 29.
About RailTel Corporation of India
RailTel, a “Mini Ratna (Category-I)” Central Public Sector Enterprise is an ICT provider and 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. The OFC network covers all important towns & cities of the country and several rural areas.
The company was incorporated with the aim of modernising the existing telecom system for train control, operation and safety, besides creating a nationwide broadband and multimedia network by laying optical fibre cable along the railway tracks.
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.
It has also been selected for implementation of various mission-mode projects for the government including rolling out the National Knowledge Network (NKN), Bharat Net and optical fibre-based connectivity project in northeast India. It also undertakes Information & Communication Technology (ICT) projects.
Its operations have been funded entirely by internal accruals since 2013 and it currently enjoys a debt free status. Revenue from operations grew at 7.47 percent compounded annual growth rate (CAGR) during FY18-20.
RailTel IPO Details:
| Issuer | Railtel Corporation India limited | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: February 16, 2021 | |
| Issue Closes: February 18, 2021 | ||
| Price Brand | ₹93 to ₹94 Per Share (Approx.) | |
| Issue Size | ₹819 Crores (Approx.) | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 155 Shares and in multiples thereof | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Net Offer | 8,66,53,369 Shares | |
| Fresh Issue | ₹ | |
| Listing at | NSE & BSE | |
| Apply With | Upstox Free DEMAT Account | |
| Employee Reservation Portion | 500,000 Equity Shares | |
| Grey Market Price | Latest IPO GMP | |
| UPCOMING IPO | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | UPCOMING NCD 2021 |
| Latest IPO Grey Market Premium | ? Best Stocks for 2021 |
LATEST GMP UPDATES
Railtel IPO Review
UPCOMING IPO IN FEBRUARY 2021
List of Upcoming IPO in India (NEXT BIG IPOs)
Railtel IPO Dates & Price Band
| IPO Open: | February 16, 2021 |
| IPO Close: | February 18, 2021 |
| IPO Size: | Approx. ₹819 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹93 to ₹94 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Total IPO size | 8,66,53,369 Shares |
RailTel IPO Market Lot:
| Lot Size: | Minimum – 155 Shares & Maximum – 2015 Shares |
| Minimum Amount: | ₹14570/- |
| Maximum Amount: | ₹189410/- |
RailTel IPO Allotment & Listing Dates:
| Basis of Allotment: | February 23, 2021 |
| Refunds: | February 24, 2021 |
| Credit to Demat Account: | February 25, 2021 |
| Listing Date: | February 26, 2021 |
Company Promoters:
- The President of India, acting through The Ministry Of Railways, Government Of India
RailTel Corporation of India Financial
| 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 be used towards following purposes:
- To carry out the disinvestment plan.
- To achieve the benefits of equity share listing on the stock exchanges.
How to Apply for RailTel IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in RailTel IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
- How to Apply RailTel IPO Through ASBA?
- How to Apply RailTel IPO through Zerodha?
- How to Apply RailTel IPO through SBI Net Banking?
- How to Apply RailTel IPO through HDFC Netbanking?
- ➡️How To Apply RailTel IPO in Axis Bank Net banking?
- ➡️How To Apply RailTel IPO in Kotak Bank Net banking?
How to Check RailTel IPO Allotment?
Check RailTel IPO Allotment Here: 
OR Log on to https://ris.kfintech.com/ipostatus/ipos.aspx
Note: RailTel IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.
# Option 1: BSE Website:
- Go to BSE Website
- Check box “Equity”
- Select IPO Name RailTel
- Type Your Application Number
- Type Your Pan Number
# Option 2: KFintech Website:
- Go to KFintech Website
- Select IPO Name RailTel
- Select Option from PAN Number, Application Number or Demat Account Number
- As per selection add PAN Number, Application Number or Demat Account Number
# Option 3: in Your Demat Account:
- Call Your Broker or Login to Your Demat Account / Trading Account
- Check the stock is credited to your account or not
# Option 4: in Your Bank Account:
- Login to your Bank Account
- Check the Amount is debited or released
RailTel IPO Listing Gain
How to Sell RailTel IPO Shares on Listing Day?
RailTel IPO Listing Day Kya kre?
RailTel IPO Lead Managers
| Lead Managers |
|
RailTel IPO Registrar to Offer
| 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/ |
| Company Contact Info: |
|---|
| Registered Office RailTel Corporation of India Limited Plate – A, 6th Floor, Office Block, Tower-2 East Kidwai Nagar, South Delhi New Delhi 110023, IndiaPhone: +91 11 2290 0600 Email: cs@railtelindia.com Website: https://www.railtelindia.com/ |
| What is IPO? | आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है? |
| RailTel IPO Allotment status |
|---|
KFintech Website (Click on the below Link)https://ris.kfintech.com/ipostatus/ipos.aspx |
| Upcoming IPO in India 2021 | How to Invest in Share Market? |
| Best Stock Trading Apps 2021 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
Final Words
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RailTel IPO FAQs
The RailTel IPO will open on February 16, 2021.
The Anchor Investors bidding date is February 2021.
The investors’ portion for QIB-50%, NII-15%, and Retail-35%.
The IPO Size is 819.24 Crore with Sale of 8,66,53,369 Shares.
RailTel IPO lot size is 155 Shares.
RailTel IPO lot size is₹93 to ₹94 Per Share Per Share (Tentative) Equity share and the minimum order quantity is 155 Shares.
RailTel IPO allotment date in February 24, 2021. You can check IPO allotment status here.
RailTel IPO listing date:- The tentative date of RailTel IPO listing is February 26, 2021. The IPO to list on NSE and BSE.
You can apply RailTel IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers.
Steps to apply in RailTel IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘RailTel IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process for more detail.
The Grey Market Premium (GMP) price of RailTel IPO is approx. in between Rs. 4500 – 5000/- at the moment.
The Subject to Sauda price for RailTel IPO is approx. Rs. 1000/-