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Rail Tel IPO Oversubscribed In Few Hours |Details, Price and Information

Rail Tel IPO Oversubscribed In Few Hours |Details, Price and Information

Rail Tel IPO:- Rail tel was incorporated in 2000 as a public sector company. Rail tel whole business is held by the government of India and administrated by the Ministry of Railway. it is an information technology Infrastructure provide company. It is the largest telecommunication infrastructure, provider company. 
Railtel used New technology high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) networks. Rail tel data center in Hariyana, Gurugram, Sikandrabad, and Telangana.

About Railtel corporation:-

Railtel is one of the amongst neutral telecommunication infrastructures Providing with in the country And owning pan India optic fiber network on the way of along with the railway track. Presently Railtel corporation covers the optics fiber network 58,742 Route kilometers and covers 5,848 railway stations across India. Railtel also undertakes varied traveler services as well as content-on-demand services and Wi-fi across In India.

Rail tel Financial Position:-

Rail tel Financial Position As Per Below.

PARTICULAR31-03-2020 (IN MILLION)31-03-2019 (IN MILLION)31-03-2018
(IN MILLION)
TOTAL ASSETS2398122276.7523228.79
TOTAL REVENUE11,660.0510,382.6610,212.18
PROFIT AFTER TAX1410.651353.561340.06

RAIL TEL IPO DETAILS:-

Rail tel IPO Details as per below.

IPO OPENING DATE16 FEB 2021
IPO CLOSING DATE18-FEB-2021
ISSUE TYPEBOOK BUILT ISSUE IPO
FACE VALUERS.10 PER EQUITY SHARE
IPO PRICERS.93 TO RS.94 PER EQUITY SHARE
MARKET LOT155 SHARES
MIN ORDER QUANTITY155 SHARES
LISTING LISTNSE, BSE
ISSUE SIZE87,153,369 Eq SHARE OF RS10
OFFER SALE87,153,369 Eq SHARE OF RS.10

Railtel IPO Tentative Timetable:-

Rail tel IPO tentative Timetable as per below:-

IPO OPEN DATE16 FEB 2021
IPO CLOSE DATE18 FEB 2021
BASIS OF ALLOTMENT DATE23 FEB 2021
INITIATION OF REFUNDS24 FEB 2021
CREDIT OF SHARE TO DEMAT ACCOUNT24 FEB 2021
IPO LISTING DATE26 FEB 2021

Rail tel IPO lot size:-

Rail Tel IPO Lot size is 155 shares. Retail investors can apply up to 13 shares lots. 

ApplicationLotsShareAmount
Minimum1155RS.14,570
Maximum132015Rs.1,89,410

Rail Tel IPO Oversubscribed:-

Rail Tel IPO Open On 16 Feb 2021. And It Oversubscribed By Retail Investors In a Few hours. Rail Tel IPO issued 61,195,923 equity shares. Retails investors Buy 30,328,680 And 500,000 Distributed in Employee. 

CategoryShared Offer
Qualified institutional Buyer17,369,237
NII12,998,006
Retail Investors30,328,680
Employee500,000
Total61,195,923

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