IPO || RailTel (Mini Ratna Govt Co.) || Company Profile || Lot size || Tentatives Dates || GMP || Apply or not?
RailTel Company Profile:-
RailTel, a “Mini Ratna (Category-I)” Government company, and RailTel were incorporated on September 26, 2000, with the vision of modernizing the existing telecom system for train control, operation, and safety.
RailTel also generates additional revenues by creating nationwide broadband and multimedia network, laying optical fiber cable using the right of way along railway tracks.
RailTel is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The OFC network covers all important towns & cities of the country and several rural areas.
Presently, the optic fiber network of RailTel covers over 58,742 route kilometers and covers 5,848 railway stations across towns and cities in India.
RailTel is an ISO certified company. Its operations are certified with various certifications including ISO 9001:2015, ISO/IEC 20000-1:2018, ISO/IEC 27001:2013, and CMMI Level-4 for its quality management systems, information security management systems, and service management systems, respectively.
RailTel IPO Dates, Price Band, Lot size:–
|Bid Open:||16 February 2021|
|Bid Close:||18 February 2021|
|IPO Size:||Approx. ₹819 Crore|
|Price Band:||₹93 – ₹94 Per Share|
|No. of Equity Share||87,153,369 Shares|
|Face Value||₹10 Per Equity Share|
|Listing on:||BSE & NSE|
|Lot Size (Number of Shares):||Minimum 155 Shares |
Maximum 2015 Shares
RailTel IPO Allotment & Listing Tentative Date:-
|Finalization of Basis of Allotment:||23 February, 2021|
|Initiation of Refunds:||24 February, 2021|
|Credit to Demat Account:||25 February, 2021|
|IPO Listing Date:||26 February, 2021|
How to Apply for RailTel IPO:-
Now you can apply for IPO through your De-MAT account. Just simply log in to your De-MAT Account and Go to the IPO section under the Investment option and select open IPOs and make payment through UPI Apps. and 2nd ways to apply is through the ASBA facility available in your Bank Account you have to just log in to your net banking and go to the Investment option and select Open IPO list, and if you have not Net banking then you can apply offline through Filling a simple form with your Brokers.
Note:- For Free Demat Account Opening or any Other Assistant you may Contact on +9187088-20004
Read official documents:-
Company Registered Address:–
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
RailTel IPO book running lead managers:–
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
RailTel IPO Grey Market Premium:-
20-30 as on today.
Disclaimer:- Grey Market Premium changing on daily basis do not subscribe or invest just seeing Grey Market. before Investment please do some research with your Investment Planner or Adviser.
Team CA Info Review on RailTel IPO:-
According to CA Info Team:- RailTel is a Strong Net Worth company and Profit-making these IPO will be a boom on the day of Listing. So, Investors and small Trader Should apply for listing gain and Long term Purpose.
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