RailTel Corporation lists with 16% premium on NSE : vimarsan

RailTel Corporation lists with 16% premium on NSE


RailTel Corporation lists with 16% premium on NSE
RailTel surges over 50% in grey market premium: Know about Railtel IPO before investing
RailTel Corporation of India on Friday got listed on NSE with a premium of 16 per cent against its issue price of Rs 94 apiece.
Notwithstanding the sell-off in the broader market, the stock made a debut at Rs 109, reflecting a gain of 15.95 per cent as compared to the issue price on NSE.
At BSE, shares of the company got listed at Rs 104.60, reflecting a gain of 11.27 per cent.
The company's market valuation stood at Rs 3,846.45 crore.
The initial public offer of the telecom infrastructure provider was subscribed over 42 times.

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