» The $112 million IPO of Indian Railways owned RailTel is now open for subscription — Here’s why analysts think the IPO is attractive The $112 million IPO of Indian Railways owned RailTel is now open for subscription — Here’s why analysts think the IPO is attractive Navdeep YadavFeb 16, 2021, 14:06 IST The IPO of state-run RailTel Corp will remain open till February 18. The shares were trading at a premium of ₹35-40 in the grey market, ahead of the IPO. Nearly all the brokerages have given a ‘subscribe’ rating for the issue citing long term as well as listing gains. Its net profit margin of 13% in FY 2020 was the highest among the Key Telecom Companies and Key IT/ICT companies in India.The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp of India is now open for public subscription. The IPO will remain open till February 18.