RailTel Corporation 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, laying optical fibre cable using the right of way along railway tracks.
Presently, the optic fibre network of RailTel covers over 58,000 + route kilometres and covers 6,750 railway stations across towns and cities in India.
RailTel also undertakes various passenger services including content-on-demand services and Wi-Fi across major railway stations in India.
Let’s discuss the detailed review of the company and analytics of the RailTel Corporation IPO:- release date, IPO offer price, subscription, RailTel Corporation Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
RailTel Corporation Products and Services:
- Telecom Network Services
- Rack and Space Collocation Services
- Telecom Infrastructure Services
- Data Center and Hosting Services
- System Integration Services
- Virtual Private Network Services
|Profit After Tax||1,410.66||1,353.56||1,340.06|
Objects of the Offer:
The net proceeds from the IPO will be used towards the following purposes:
- To carry out the government’s disinvestment plan.
- To achieve the benefits of equity share listing on the stock exchanges.
Further Company expects that listing of the Equity Shares will enhance visibility and brand image and will also provide a public market for the Equity Shares in India.
The Offer is an initial public offering of up to [●] Equity Shares through an Offer for Sale by the Selling Shareholder for cash at an Offer Price of ₹ [●] per Equity Share, aggregating up to ₹ [●] million.
RailTel IPO Dates & Price Band:
|IPO Open:||December 2020|
|IPO Close:||December 2020|
|IPO Size:||Approx ₹700 Crore (Approx)|
|Face Value:||₹10 Per Equity Share|
|Price Band:||₹75 to ₹80 Per Share|
|Listing on:||BSE & NSE|
RailTel Corporation IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to [●] Equity Shares aggregating up to Rs.[●] million|
|Employee Reservation Portion||Up to [●] Equity Shares aggregating up to Rs.[●]|
|Net Offer||Up to 8,66,53,369 Equity Shares aggregating up to Rs.[●] million|
|QIB Portion||Not more than 43,326,683 Equity Shares|
|Non-Institutional Portion||Not less than 12,998,006 Equity Shares|
|Retail Portion||Not less than 30,328,680 Equity Shares|
|Equity Shares outstanding prior to the Issue||320,938,407 Equity Shares|
|Equity Shares outstanding after the Issue||320,938,407 Equity Shares|
RailTel IPO Market Lot:
|Minimum Lot Size:||Minimum 187 Shares|
|Maximum Lot Size:||Maximum – Shares|
RailTel IPO Allotment & Listing:
|Basis of Allotment:||December 2020|
|Credit to Demat Account:||December 2020|
|Listing Date:||December 2020|
RailTel IPO related Information:
|RailTel Company Contact Information|
|RailTel Corporation of India Limited|
Plate – A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Phone: +91 11 2290 0600
Email: [email protected]
|RailTel IPO Lead Manager(s)|
|ICICI Securities Limited, IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited|
|DRHP Draft Prospectus|