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RailTel shares close 29% up amidst market sell-off

RailTel Corporation to list on bourses tomorrow, February 26, 2021

Highlights Rs 819.24-crore offer. It received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer. New Delhi: Telecom infrastructure provider  RailTel Corporation of India is all set to be list on the bourses on Friday (February 26). As per reports, the RailTel Corporation of India may be listed with a 10-25 percent premium. The initial public offer of RailTel Corporation of India was subscribed 42.39 times on the final day of subscription on February 18. The Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer, as per data available with the NSE. The qualified institutional buyers (QIBs) category was subscribed 65.14 times, non institutional investors 73.25 times and retail individual investors (RIIs) 16.78 times.

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