RailTel IPO Date, Review, Price Band, Issue Open & Market Lot Details

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

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

Summary of financial Information (Restated Consolidated)
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:

  1. To carry out the disinvestment plan.
  2. 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 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
  • ICICI Securities Limited
  • IDBI Capital Market Services Limited
  • SBI Capital Markets Limited

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

Final Words

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RailTel IPO FAQs

When RailTel IPO will open?

The RailTel IPO will open on February 16, 2021.

When RailTel IPO will open for Anchor Investors?

The Anchor Investors bidding date is February 2021.

What is RailTel IPO Investors Portion?

The investors’ portion for QIB-50%, NII-15%, and Retail-35%.

What is the RailTel IPO Size?

The IPO Size is 819.24 Crore with Sale of 8,66,53,369 Shares.

What is the lot size of RailTel IPO?

RailTel IPO lot size is 155 Shares.

What is price band of RailTel IPO?

RailTel IPO lot size is₹93 to ₹94 Per Share Per Share (Tentative) Equity share and the minimum order quantity is 155 Shares.

What is RailTel IPO Allotment Date?

RailTel IPO allotment date in February 24, 2021. You can check IPO allotment status here.

What is RailTel IPO Listing Date?

RailTel IPO listing date:- The tentative date of RailTel IPO listing is February 26, 2021. The IPO to list on NSE and BSE.

How to Apply 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.

How to apply IPO through Zerodha?

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.

What is the Grey Market Premium (GMP) price of RailTel Limited IPO?

The Grey Market Premium (GMP) price of RailTel IPO is approx. in between Rs. 4500 – 5000/- at the moment.

What is the Subject to Sauda price for RailTel IPO?

The Subject to Sauda price for RailTel IPO is approx. Rs. 1000/-

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