RailTel IPO shares allocation today: How and where to check status
The Rs 819-crore IPO of telecom infrastructure provider received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer
BusinessToday.In | February 24, 2021 | Updated 12:50 IST
RailTel shares are proposed to be listed on BSE and NSE on February 26
RailTel Corporation of India will finalise the allotment of its initial public offering (IPO) on Wednesday. The IPO of state-owned RailTel Corporation, which closed last week, was subscribed 42.42 times. The retail individual investor s segment was subscribed 16.78 times while qualified institutional buyers (QIBs) category 65.14 times and non-institutional investors 73.25 times. However, this was far less than 111.95 times for IRCTC and 67.24 times for Rites.
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RailTel IPO: Allotment of shares on February 23, here s how to check status
The Rs 819-crore IPO of telecom infrastructure provider received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer
BusinessToday.In | February 22, 2021 | Updated 13:03 IST
RailTel Corporation of India s Rs 819.24-crore IPO - the seventh issue this year closed on February 18
The share allotment in RailTel IPO, which closed last week, is likely to be finalised by Tuesday, February 23. RailTel shares are proposed to be listed on BSE and NSE on February 26.
The initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 16.78 times on its third and last day of bidding, more retail bids than 14.74 times in RITES and 14.95 times from IRCTC s IPO.