RailTel IPO Details
RailTel IPO description – A Mini Ratna (Category-I) Public Sector Enterprise – RailTel is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.
The company was incorporated on 26 September 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 30 June 2020, its optic fiber network covered over 55,000 route kilometers and 5,677 railway stations across towns and cities in India.
The company operates data centers in Gurugram, Haryana and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways. In addition, it undertakes various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.
Promoters of RailTel – The President of India, acting through The Ministry Of Railways, Government Of India
| RailTel IPO details | |
| Subscription Dates | 16 – 18 February 2021 |
| Price Band | INR93 – 94 per share |
| Fresh issue | Nil |
| Offer For Sale | 87,153,369 shares (INR810.52 – 819.24 crore) |
| Total IPO size | 87,153,369 shares (INR810.52 – 819.24 crore) |
| Minimum bid (lot size) | 155 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
|
RailTel’s financial performance (in INR crore) |
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| Â | FY2018 | FY2019 | FY2020 | H1 FY2021 |
| Revenue | 1,021.2 | 1,038.3 | 1,166.0 | 553.8 |
| Expenses | 835.1 | 820.6 | 931.9 | 491.6 |
| Net income | 134.0 | 135.4 | 141.1 | 45.6 |
| Net margin (%) | 13.1 | 13.0 | 12.1 | 8.2 |
Registrar of RailTel Corporation IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email: [email protected]
Website:Â www.kfintech.com
RailTel Contact Details
RailTel Corporation of India Limited
Plate – A, 6th Floor,
Office Block, Tower-2,
East Kidwai Nagar, South Delhi,
New Delhi 110023
Phone: +91 11 2290 0600
Email: [email protected]
Website:Â www.railtelindia.com
Valuation of RailTel (as of FY2020)
Earnings Per Share (EPS): INR4.40Â
Price/Earnings (PE ratio): 21.13 – 21.36
Return on Net Worth (RONW): 10.3%
Net Asset Value (NAV): INR42.67 per share
RailTel IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 17,369,237 | 0.00 | 2.96 | 65.14 |
| NII | 12,998,006 | 0.75 | 2.63 | 73.25 |
| Retail | 30,328,680 | 4.99 | 10.54 | 16.79 |
| Employees | 500,000 | 0.81 | 1.85 | 3.36 |
| Total | 61,195,923 | 2.63 | 6.65 | 42.39 |
RailTel IPO Analyst Reviews
Angel Broking – Subscribe
BP Wealth – Subscribe
Choice Broking – Subscribe
Elite Wealth – Subscribe
GEPL Capital – Subscribe
Samco Securities – Subscribe for listing gains
Ventura Securities – Not Rated
RailTel IPO Allotment Status
RailTel IPO allotment status is now available on KFin Technologies’ KPrism mobile app.Â
Once available on its websites, click on any of these links to get allotment statusÂ
Allotment Status Link #1
Allotment Status Link #2
Allotment Status Link #3Â
Listing Performance of RailTel Corporation
IPO Opening Date: 16 February 2021
IPO Closing Date: 18 February 2021
Finalisation of Basis of Allotment: 23 February 2021
Initiation of refunds: 24 February 2021
Transfer of shares to demat accounts: 24 February 2021
Listing Date: 26 February 2021
Opening Price on NSE: INR109 per share (up 15.96% from IPO price)
Closing Price on NSE: INR121.35 per share (up 29.1% from IPO price)
No
Good
Price will be between 80 – 85. This is very very good as other ipo promoters have been very greedy.
Any updates intimate me onmy mail id
what is the future of this IPO
what is GMP of this ipo
Very big bum bum chuk chuk…
Good…chuk chuk gadi