RailTel IPO GMP Today, Check Daily Movement


For Indian IPO investors, the next round is starting on 16 February with RailTel IPO. Through the IPO, the government of India aims to raise as much as INR819.24 crore. The offer is priced in the range of INR93 – 94 per share and will mark listing of second PSU this year after IRFC. In this article, you can check the daily movement in grey market premium (GMP) of RailTel IPO. Here are some vital details of the offer:

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

The PSU under Ministry of Railways is the ICT infrastructure provider and is one of the largest neutral telecom infrastructure providers in India. The company is tasked with 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.

RailTel IPO GMP (Grey Market Premium) rates

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
25 Feb 202115
24 Feb 202112
23 Feb 202110
22 Feb 202115
20 Feb 202115
19 Feb 202120
18 Feb 202115
17 Feb 202120
16 Feb 2021354004,500
15 Feb 2021404505,000
13 Feb 2021 45 450 5,000
12 Feb 2021 35 400 4,500
11 Feb 2021 35 400 4,500

As we can see in the table below, RailTel has decent profitability with double-digit margins. It has managed to post revenue growth in the recent years and has no debt on its books. In addition, it is a regular dividend payer and these factors may further increase the GMP of RailTel IPO. Stay tuned for latest rates.

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



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