Railtel IPO Status Review and Analysis

Railtel IPO Details ( Get IPO Status , Date, Price, Live Subscription, Allotment, Grey Market Premium GMP, Listing Date)

Railtel IPO

Company was incorporated as “RailTel Corporation of India Limited” on September 26, 2000, as a public limited company. Company deals in information and communications technology (“ICT”) infrastructure provider and are one of the largest neutral telecom infrastructure providers in India. The Company wholly-owned by the Government of India and under the administrative control of the Ministry of Railways.

Company 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.

Company operate data centers in Gurugram, Haryana and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways. In addition to strategic and critical network infrastructure services, and also undertake various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.

Business Segments :

Company offer a diverse range of services across industries. portfolio of services can be broadly classified as below :

  • Telecom Network Services
  • Telecom Infrastructure Services
  • Managed Data Center and Hosting Services
  • Projects (System Integration Services)

Competitive Strengths :

  • 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
  • Further diversify services and solutions with a focus on Indian Railways
  • Expand our services outside India
To Open DMAT Account Click Below
IPO Subscription Dates16-Feb-2021 to 18-Feb-2021
Price Band₹93 to ₹94 per equity share
Issue Size87,153,369 Eq Shares of ₹10
(aggregating up to ₹819.24 Cr)
Offer For Sale (OFS)87,153,369 Eq Shares of ₹10
(aggregating up to ₹819.24 Cr)
Minimum bid (lot size)155 Equity Shares / Lot
Face Value ₹10 per equity share
Listing AtNSE, BSE

Railtel IPO Details – Tentative Date and Timetable:

Bid/Offer Open date16-Feb-2021
Bid/Offer Close date18-Feb-2021
Finalization of Basis of AllotmentFeb 23, 2021
Initiation of RefundsFeb 24, 2021
Credit of Shares to Demat AccountFeb 25, 2021
IPO Share Listing DateFeb 26, 2021

Railtel IPO Details – Lot Size and Price Detail :

Application LotsSharesAmount (Cut-off)
Minimum 1155₹14570
Maximum 132015₹189410

Railtel Corporation of India Limited company Details:

PROMOTERSPromoter is the President of India, acting through the Ministry of Railways, Government of India.
SECTORTelecom ( information and communications technology (“ICT”) infrastructure provider)
IPO RegistrarKFin Technologies Private Limited
FOUNDEDIncorporated in September 26, 2000

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