RailTel IPO Date, Review, Price Band, Form & Market Lot Details:
RailTel IPO Date, Review, Price Band, Form & Market Lot Details. Railtel is a Central Public Sector Company Mini Ratna (Category-I) wholly owned by the Government of India and under the administrative control of the Ministry of Railways.
However, the company was incorporated with the goal of modernizing the existing train control. Service and safety telecommunications infrastructure and generating additional revenue. By developing a national broadband and multimedia network through the use of optical fiber cables along railway tracks.
As of 30th June 2020, the optical fiber network of Railtel spans over 55,000 kilometers of the route and covers 5,677 railway stations in India’s cities and towns. In Gurugram, Haryana, and Secunderabad, Telangana. The company operates data centers to host and collocate vital applications for clients, including Indian Railways. The company also carries out various ICT projects for the Indian Railways, Central Government, and State Government, including Indian Railways’ various train control system projects.
RailTel is Aggressively Entering the Enterprise Services Industry:
Moreover, they provide services to Telecom Operators, Internet Service Providers, MSOs, Businesses, Banks, Govt. That includes Managed lease lines, Tower colocation, MPLS-based IP-VPN, Internet, and NGN-based voice carriage services. Institutions/dept., Institutions/Universities of Education, etc., with the introduction of its various facilities. Such as Data Center, Railwire, Telepresence, etc., RailTel is aggressively entering the enterprise services industry. Stay tuned for specifics on RailTel IPO times, price band, and business ton.
Hence, its operating revenue grew from Rs. 9,767.79 million. In Fiscal 2018 to Rs. 11,280.54 million in Fiscal 2020 at a CAGR of 7.47 percent and they had the lowest gearing ratio among Main Telecom Companies in India in Fiscal 2019. They have been profitable since Fiscal 2007 and, since Fiscal 2008, have regularly reported and paid dividends. Their net profit margin of 12.50 percent in Fiscal 2020 was the highest among the Main Telecom Companies and Key IT/ICT Companies in India though their operating profit margin was the highest among the Key IT/ICT Companies in India.