RailTel Corporation (RailTel) IPO II Share face value, employees quota, price band, strength to issue last date - Axis Securities highlights OFS
RailTel Corporation of India Limited (RailTel) initial public offer (IPO) opened today through an offer for sale (OFS) of up to 8.71 cr equity shares with a face value of Rs. 10 per share, aggregating to Rs 819 cr. Of this, 500000 shares will be reserved for eligible employees. RailTel has fixed the price band of Rs 93-94 per share.
Avinash Gorakshakar Head Research at Profitmart Securities highlights that the strength that RailTel enjoys is the fact that it gets first priority on all the Indian Railways contracts: Reuters