RailTel IPO opens today: Price band, lot size, issue size & other details
The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 shares or Rs 189,410)
BusinessToday.In | February 16, 2021 | Updated 10:03 IST
State-owned RailTel Corporation of India IPO is a complete offer for sale of 8,71,53,369 equity shares by the Government of India. and is worth Rs 819.24-crore
RailTel Corporation IPO- the seventh public offering of 2021-will open for subscription today. The IPO is available at a price band of Rs 93-94 per share, with face value of Rs 10 apiece. The public offer of the Mini-Ratna company will close on February 18.
NEW DELHI: The initial public offering (IPO) of RailTel Corporation of India opened for subscription on Tuesday and the issue was oversubscribed on the first day of bidding process.
State-owned RailTel has fixed a price band of Rs 93-94 a share for its initial share-sale. The three-day issue would close on February 18.
The mini-ratna PSU (public sector unit) is one of the largest neutral telecom infrastructure providers in the country owning an optic fiber network on exclusive Right of Way (RoW) along railway track.
The company provides broadband telecom and multimedia network across the country.
As of 1 pm, the issue had received bids for 7,76,92,355 shares, which was 126.96 per cent of the total issue size of 6,11,95,923 shares.
RailTel IPO subscribed 2.6 times on Day 1: 10 things to know
RailTel had an exclusive right of way along 67,415 route kilometers connecting 7,321 railway stations for laying optical fiber cablePremium
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The government will sell 87.15 million shares, or a 27.16% stake in this issue
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The IPO of RailTel Corporation of India opened for subscription today to strong demand and the issue was oversubscribed in first few hours. The state-run company has fixed a price band of ₹93-94 a share for its initial share-sale. RailTel IPO will close on February 18. RailTel, which provides broadband telecom and multimedia network across the country, 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 Rs 819.24-crore issue of the state-owned RailTel Corporation of India is a complete offer for sale of 8,71,53,369 equity shares by the Government of India
Cyberabad police arrested three for duping over 20,000 depositors
Updated:
Updated:
February 08, 2021 17:02 IST
Cyberabad Commissioner of Police V.C. Sajjanar said that two Chinese nationals are the kingpins behind the multi-crore financial fraud.
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Cyberabad Commissioner of Police V.C. Sajjanar said that the victims were asked to invest money offering huge returns, in the name of ‘Shared Bike and Sharing Economy’ and promised 11 % interest per day. Photo: Special Arrangement
Cyberabad Commissioner of Police V.C. Sajjanar said that two Chinese nationals are the kingpins behind the multi-crore financial fraud. Three people who duped more than 20,000 people across the country to the tune of ₹50 crore were arrested by the Cyberabad police, in Hyderabad on Monday. Cyberabad Commissioner of Police V.C. Sajjanar said that two Chinese nationals, who are currently at large, are the kingpins behind the multi-crore financial fraud.