RailTel IPO to hit the market on 16 February and closes on 18 February 2021. RailTel Corporation is a "Mini Ratna (Category-I)" PSU company and provide ationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems. They are one of the largest neutral telecom infrastructure providers in the country. The network covers all important towns & cities of the country and several rural areas covering 70% of India's population. Currently RailTel Corporation has created over 45000 RKMs of fiber network connecting over 4500 cities/towns on the network including many rural areas. They offers servies which includes Managed lease lines, Tower colocation, MPLS based IP-VPN, Internet and NGN based voice carriage services to Telecom Operators, Internet Service Providers, MSOs, Enterprises, Banks, Govt. Institutions/dept., Educational Institutions/Universities, etc. RailTel is aggressively entering into Enterprise services market with launch of its various services like Data Center, Railwire, Telepresence, etc. 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.
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RailTel IPO Dates & Price Band:
| IPO Open: | 16 February 2021 |
| IPO Close: | 18 February 2021 |
| IPO Size: | Approx Rs.819 Crore |
| Face Value: | Rs.10 Per Equity Share |
| Price Band: | Rs.93 to Rs.94 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Minimum Bid(lot size) | 150 Shares |
RailTel IPO Market Lot:
| Minimum Lot Size: | Minimum 155 Shares |
| Minimum Amount: | Rs.14570 |
| Maximum Lot Size: | Maximum 2015 Shares |
| Maximum Amount: | Rs.189410 |
RailTel IPO Allotment & Listing:
| Basis of Allotment: | 23 February 2021 |
| Refunds: | 24 February 2021 |
| Credit to Demat Account: | 25 February 2021 |
| Listing Date: | 26 February 2021 |
RailTel Company Financial:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2016 | - | - | - | ||
| 2017 | - | - | - | ||
| 2018 | 1021 | 835 | 134 | ||
| 2019 | 1038 | 821 | 135 | ||
| 2020 | 1166 | 932 | 141 | ||
Company Promoters:
- The President of India, acting through The Ministry Of Railways, Government Of India
RailTel IPO Registrar:
KFintech Private LimitedSelenium 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/
Note: Check RailTel IPO allotment status on KFintech website allotment URL. Click Here
RailTel IPO Lead Managers:
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
Company Address:
RailTel Corporation of India LimitedPlate - A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: http://www.railtelindia.com/
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