Thursday, May 13, 2021

RailTel IPO Details

RailTel IPORailTel 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
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RailTel’s financial performance (in INR crore)

  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: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email: [email protected]
Website: 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: www.railtelindia.com

Valuation of RailTel (as of FY2020)

Earnings Per Share (EPS): INR4.40 
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. 

Once available on its websites, click on any of these links to get allotment status 

Allotment Status Link #1
Allotment Status Link #2
Allotment Status Link #3 

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)

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