Since 2021 has started the flow of best IPOs in 2021 is not stopping. In the very first month of 2021, we have seen IRFC, StoveKraft, Home First Finance, and indigo paints entering the IPO team of 2021. And now In February, we are having 2 IPOs the Nureca, and one of the biggest providers of neutral telecommunication infrastructure in India Railtel. The initial public offering (IPO) of State-owned RailTel Corporation of India Ltd will open for subscription on February 16 and close on February 18. The IPO's offer includes 8.71 Rs 10 crore shares each, including 5 lakh shares reserved for its employees.
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IPO Date |
February 16, 2021, to February 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 |
RailTel is an information and communications technology (“ICT”) infrastructure provider and one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report).
It was incorporated on September 26, 2000, with the aim of modernizing the existing telecom system for train control, operation, and safety and to generate additional revenues by creating nationwide broadband and multimedia network by laying optical fiber cable by using the right of way along railway tracks.
As of June 2020, the optic fiber network covers over 55,000 route kilometers and covers 5,677 railway stations across towns and cities in India. It also operates data centers in Gurugram, Haryana, and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways.
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