RailTel corporation IPO will be open for subscribtion on 16th Feb 2021. Railtel corporation of india limited ipo already buzzing in the grey market. The grey market premium for Railtel grey market price is Trading at 60% premium on the issue price.
When many businesses had postponed their IPO plans on account of the outbreak, there’s been a continuous stream of IPOs being established in the past couple of months. Next to combine the listing is your people dilemma by RailTel Corporation of India Limited.
Know More : LIC IPO Date
Railtel IPO Grey Market Premium :
Railtel IPO Grey market premium shoot up in the unlisted market on saturday. Team Syedlearns – Spoke to Mr.Manish who is a agent in the unlisted market. “Railtel ipo current gmp is trading at 60% premium, There is a huge demand from HNI’S. The current kostak price is 8500. railtel corporation of india limited ipo will see surge in prices in the coming days”.
Ipo grey market premium will be high for this ipo. Investor’s who are waiting for the issue should wait for the last day to check the subscribtion before applying.
RailTel Corporation of India Limited IPO Details:
IPO Date | Feb 16, 2021 to Feb 18, 2021 |
Issue Type | Book Built Issue IPO |
Issue Size | 87,153,369 Equity Shares of Rs.10 totaling up to Rs.819.24 Crore |
Fresh Issue | 87,153,369 Equity Shares of Rs.10 totaling up to Rs.819.24 Crore |
Face Value | Rs.10 per equity share |
IPO Price | Rs.93 to Rs.94 per equity share |
Market Lot | 155 shares |
Min Order Quantity | 155 shares |
Listing At | BSE, NSE |
RailTel IPO Tentative Timetable
The RailTel IPO opens on Feb 16, 2021, and it closes date is Feb 18, 2021. The shares issue may be list on Feb 26, 2021.
IPO Open Date | Feb 16, 2021 |
IPO Close Date | Feb 18, 2021 |
Basis of Allotment Date | Feb 23, 2021 |
Initiation of Refunds | Feb 24, 2021 |
Credit of Shares to Demat Account | Feb 24, 2021 |
IPO Listing Date | Feb 26, 2021 |
RailTel IPO Lot Size
The RailTel IPO market lot size is 155 shares. A retail-individual investor can apply for up to 13 lots (2015 shares or ₹189,410).
Application | Lots | Shares | Amount |
---|---|---|---|
Minimum | 1 | 155 | Rs. 14,570 |
Maximum | 13 | 2015 | Rs. 189,410 |
RailTel IPO Financials :
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 |
Company Analysis :
Here’s all You Have to know about the Matter About the Business — RailTel Corporation of India Limited. RailTel Corporation of India Limited is the Information and Communications Technology (ICT) infrastructure supplier with the most significant unbiased telecom infrastructure in India. It’s a Mini Ratna (Category I) Central Public Sector Enterprise entirely owned by the Government of India and operates from the Ministry of Railways.
The business was created to update the present method for train management, functionality, and security and create extra earnings by producing nationally multimedia and broadband system by placing optical fibre cable by using the proper way across the railroad tracks. The business provides leased line providers and MPLS-based virtual private network (VPN) facilities. The business provides internet-based line providers with varying bandwidth choices. Additionally, it supplies broadband solutions to retail clients through its own RailWire platform, including electricity, cooling, storage, and physical protection for network equipment and servers of all their organization’s customers.
Additionally, it connects them with different telecom community providers. RailTel also supplies distance on microwave systems such as collocating base transceiver stations (BTS) for telecommunication operators, small cell sites such as expanding their cellular protection, and distance to collocating mobile switching facilities. Last, it supplies single-core black fibre for transmission of video signals to multiple network operators such as distributing cable.
Data Center and Managed Hosting Services — Including Data Center providers such as Infrastructure for a Support (IaaS), dedicated hosting, cloud calculating, disaster recovery solutions, handled e-office provider, Aadhaar authentication assistance, along with other IT-related providers such as load balancing, application hosting, along with innovative firewall assistance, etc.
Telepresence for a Support (PaaS) in which it features a searchable, end-to-end, protected, hosted multi renter video conferencing centre bundled together with required bandwidth for a service.
Safety Operations Center as a Support (SOCaaS) in which its concentrated security operations centre provides consolidated cybersecurity event avoidance and safety event monitoring solutions. It delivers both offsite and onsite security solutions.
System Recruitment Services — Including ICT Hardware, Software, and Service System tagging Digital providers such as unified communications, Wi-Fi for support, e-tendering/ e-auction/ smart obligations, and emergency management solutions. Consultancy to ICT solutions.
Objectives of this IPO :
Items of this Offer RailTel Corporation of India Limited suggests to use the net profits from the brand new issue to carry out the disinvestment of equity stocks and attain the advantages of equity share list on stock markets.
FAQs,
Q1. What is the IPO Of RailTel Corporation of India Limited ?
The RailTel Corporation of India Limited IPO, is currently a Main Board IPO for its Matter of 87,153,369 equity stocks with the face value of Rs.10 totalling around Rs.819.24 crores. The accounts for the IPO will be currently KFintech Private Limited, and the stocks have been proposed to be listed on the BSE and NSE.
Q2. What are the open and close dates of the RailTel Corporation of India Limited IPO?
The RailTel Corporation of India Limited IPO opens February 16, 2021, also closes on February 18, 2021.
Q3. What is the total lot size and minimum order of the RailTel Corporation of India Limited IPO?
The lot size of your RailTel IPO is 155 shares along the minimum purchase amount is 155 stocks.
Q4. Which will be the allotment and record dates of this RailTel Corporation of India Limited IPO?
For your RailTel IPO, the allotment and record dates are yet to be declared.Feb 23
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