RailTel Corporation of India Limited
- IPO Date16 Feb, 2021 to 18 Feb, 2021
- Listing Date16 Feb, 2021
- Face Value₹10 per share
- Issue Price₹93 to ₹94 per share
- Lot Size155 Shares
- Minimum Investment₹14,570
- Listing At BSE, NSE
- Total Issue Size8,71,53,369 Shares
(aggregating up to ₹819.24 Cr) - Fresh Issue-
- Offer for Sale8,71,53,369 Shares
(aggregating up to ₹819.24 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
18 Feb, 2021
Initiation of Refunds
24 Feb, 2021
Listing Date
26 Feb, 2021
16 Feb, 2021
Opening Date
23 Feb, 2021
Basis of Allotment
24 Feb, 2021
Credit of Shares
RailTel Corporation of India Limited Lot Size
Investors can bid for a minimum of 155 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 2015 | ₹1,89,410 |
| Retail (Min) | 1 | 155 | ₹14,570 |
RailTel Corporation of India Limited Promoter Holding
The President of India, acting through the Ministry of Railways is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.84% |
RailTel Corporation of India Limited COMPANY INFORMATION
RailTel IPO is a book built issue of Rs 819.24 crores. The issue is entirely an offer for sale of 8.72 crore shares. RailTel IPO bidding started from February 16, 2021 and ended on February 18, 2021. The allotment for RailTel IPO was finalized on Tuesday, February 23, 2021. The shares got listed on BSE, NSE on February 26, 2021. RailTel IPO price band is set at ₹93 to ₹94 per share. The minimum lot size for an application is 155 Shares. The minimum amount of investment required by retail investors is ₹14,570. ICICI Securities Limited, Idbi Capital Market Services Limited and SBI Capital Markets Limited are the book running lead managers of the RailTel IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to RailTel IPO RHP for detailed information.
Incorporated in 2000, RailTel Corporation is a public sector business 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 company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.
RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.
Key Facts about RailTel Corporation
- One of the largest neutral telecom infrastructure providers in India with PAN India optic fiber network.
- Diversified Range of services i.e. Telecom Network, Telecom Infrastructure, Data Center and Hosting, and Projects.
- Operates an optic fiber network covering 59,098 route Kms and 5,929 railway stations in India.
- RailTel Corporation has an exclusive right of way along 67,415 Kms connecting 7,321 railway stations.
- Center Network Operation Center at New Delhi and 4 NOCs at Mumbai, Delhi, Kolkata, and Secunderabad.
- It has 305,746 retail customers and 5,023 Access network providers (ANPs) to deliver the last mile connectivity.
FAQs About Railtel Corporation Of India Limited
RailTel Corporation of India Limited will open on 16 Feb, 2021 and close on 18 Feb, 2021. Investors must apply within this period to participate.
The RailTel Corporation of India Limited price band is set between ₹93.00 and ₹94.00 per share. The minimum lot size is 155, requiring an investment of at least ₹14570.00.
The RailTel Corporation of India Limited shares are expected to be listed on 16 Feb, 2021, subject to regulatory approvals and final allotment.
You can track your RailTel Corporation of India Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The RailTel Corporation of India Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.