RailTel Corporation of India Limited IPO (RailTel IPO) Detail

RailTel Corporation of India Limited IPO

RailTel Corporation of India Limited IPO (RailTel IPO) Details:

RailTel Corporation of India Limited IPO: A Mini Ratna (Category-I) Public Sector Enterprise-RailTel is a provider of information and communication technology (ICT) infrastructure and is one of India’s largest providers of neutral telecommunications infrastructure.

Moreover, the company was founded on 26th September 2000 with the objective of modernizing the existing train control, service and safety telecommunications system and generating additional revenue through the development of a national broadband and multimedia network through the construction of optical fiber cables utilizing the right of way along railway tracks. Its optical fiber network covered more than 55,000 kilometers of routes and 5,677 railway stations through cities and towns in India as of 30th June 2020.

In Gurugram, Haryana, and Secunderabad, Telangana, the company operates data centers to host and collocate vital applications for clients, including Indian Railways. It also carries out various ICT projects for the Indian Railways, the central government, and the state governments, including various Indian Railways, train control system projects.

RailTel Corporation of India Limited IPO (RailTel IPO) Details:

IPO Opening Date Feb 16th, 2021
IPO Closing Date Feb 18th, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹93 to ₹94 per equity share
Market Lot 155 Shares
Min Order Quantity 155 Shares
Listing At BSE, NSE
Issue Size 8,71,53,369 Eq Shares of ₹10 (aggregating up to ₹819.24 Cr)
Offer for Sale 8,71,53,369 Eq Shares of ₹10 (aggregating up to ₹819.24 Cr)

RailTel Corporation of India Limited IPO is an ICT provider and one of the largest neutral telecom infrastructure providers in the country. However, this IPO is going to be opened on 16th February and the IPO will be closed on 18th February. Its face value is Rs. 10/- per equity share. But its IPO price is Rs. 93-94/- per share. However, the minimum market lot is set at 155 shares per lot. Moreover, the minimum order quantity for buying is 155 shares listing at BSE, NSE. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 819.24 crores. Further, the fresh issue of Equity shares Rs. 10/- aggregating up to Rs. 819.24 crores.

The key objects of the RailTel Corporation IPO are as follows: 

    • To meet the working capital requirements of the business.
    • To meet general corporate purposes.

Prospectus Documents:

DRHP

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: cs@railtelindia.com
Website: http://www.railtelindia.com/

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