RailTel IPO opens for subscription on February 16th; check review, expected listing price, price band, lot size, other details
RailTel IPO Review: RailTel Corporation of India or RailTel IPO (Initial Public Offer) is going to open for subscription on 16th February 2021.
RailTel IPO Review: RailTel Corporation of India or RailTel IPO (Initial Public Offer) is going to open for subscription on 16th February 2021. Those who want to bid for this state-owned rail infra company can bid for the RailTel IPO from 16th to 18th February 2021 as the last date to bid for the RailTel IPO is 18th February 2021. RailTel IPO will be listed on both NSE and BSE. So, here is RailTel IPO review, price band, listing price and likely gains, Lot Size, OFS.
RailTel IPO price band
RailTel IPO price band has been fixed at Rs 93-94 per RailTel share with a face value of Rs 10 per RailTel share. The Government of India (GoI) aims to raise Rs 819 crore at the higher end of the RailTel IPO price band. Photo: PTI
RailTel IPO Review
Speaking on the listing gains that one can expect from RailTel IPO; Avinash Gorakshkar, Head of Research at Profitmart Securities said, "RailTel has big opportunity in the Telecom Hardware Infrastructure sector and it is expected to get moolah from other than railway business." Gorakshkar went on to add that RailTel Corporation of India's quarterly numbers are promising and hence one can expect good returns on the RailTel IPO price listing date itself. Photo: Reuters
RailTel IPO listing gains
On listing gains that a bidder can expect Avinash Gorakshkar said that the RailTel IPO listing price would be around Rs 130 to 140, depending upon the mood of the market. Sumeet Bagadia, Executive Director at Choice Broking also said that RailTel IPO listing will be on the positive side. Photo: PTI
RailTel IPO Lot Size
The RailTel IPO lot size is 155 RailTel shares. A retail investor can apply for a minimum of 1 lot while maximum up to 13 lots. This means, a retail investor can bid for the RailTel IPO with a minimum cash flow of Rs 14,570 and maximum investment in the RailTel IPO is capped at 2,015 shares or Rs 189,410. Photo: Reuters
RailTel IPO size, OFS
The RailTel IPO issue size is 87,153,369 equity shares of Rs 10 face value. Means the aggregate amount that the promoters of the company want to generate is Rs 819.24 crore. Photo: Reuters
About RailTel Company
RailTel Corporation is a public sector company, wholly owned by the Government of India (GOI) and administered by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. It was established in 2000 with the key objective to modernize telecom infrastructure. Currently, it is one of the largest telecom infrastructure providers in India. Photo: PTI