Information and Communication Technology (ICT) provider, Govt PSU RailTel Corporation is looking to raise upto ₹819.2 crores through capital markets.
One of the largest Telecom infrastructure provider, serving Broadband services to Rural and Railway stations via RailWire
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Listing Date (~) |
|---|---|---|---|
| 16-Feb-2021 | 18-Feb-2021 | 93 to 94 | 26-Feb-2020 |
Company is into ICT and Telecom Infrastructure provider
Promoters of RailTel Corporation is President of India Acting through Ministry of Railways, Govt of India
About Industry
The Indian telecom services industry can be broadly segregated into wireless, wireline and enterprise services. Wireline services are traditional landline calling services and wired broadband service. Wireless service includes mobile calling, short messaging service (“SMS”), wireless broadband, video conferencing service, triple play service, and over-the-top (“OTT”) platforms. Enterprise services provide network connectivity across locations and users in an organization.
Key Pointers
- Among the largest neutral telecom infrastructure providers in India with pan-India optic fiber network
- Diversified portfolio of services and solutions
- Key partner to the Indian Railways in digital transformation
- Experience in executing projects of national importance with a robust pipeline of projects
- Strong track record of financial performance
- Professionally managed with strong corporate governance and senior management team with significant industry experience
RailTel Corporation IPO Snapshot
| Issue Open | 16-Feb-2021 |
| Issue Close | 18-Feb-2021 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 93 to ₹ 94 (Including premium of ₹ 83 to ₹ 84 per share) |
| Discount | Nil |
| Bid Lot | 155 shares and in multiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
RailTel Corporation Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹ 819.24 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~50% | 65.29 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 73.25 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | 16.78 times |
| Employees Portion | ~₹ 4.7 crores | 3.35 times |
| Total | 100% | 42.42 times |
RailTel Corporation IPO Indicative Dates
| Issue Open | 16-Feb-2021 |
| Issue Close | 18-Feb-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 16-Feb-2021 (around 15-Feb-2021) |
| Announcement of Allotment | 23-Feb-2021 |
| Initiation of Refunds | 24-Feb-2021 |
| Credit of Shares | 24-Feb-2021 |
| Listing (Ckfinommencement of trading on Stock Exchanges) | 26-Feb-2021 |
Lead Managers of RailTel Corporation IPO
List of Book Running and Lead/Co-Lead Manager/s
| ICICI Securities Limited |
| IDBI Capital Markets & Securities Limited |
| SBI Capital Markets Limited |
Registrar of RailTel Corporation IPO
| KFin Technologies Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 412.62 Crores (Upper Band |
| Pre-Issue Promoter's Holding | 100% |
| Post Issue Promoter's Holding | TBA% |
| Pre-Issue Shares | ₹ 320.9 Crores |
| Post Issue Shares | TBA Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of RailTel Corporation IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
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