Threat to BSNL stock, tepid listing gains: Analysts' take on RailTel IPO
RailTel Corporation of India's three-day IPO, which opened on February 16, has already been subscribed 1.5 times on the very first day. The retail investors seem strongly supportive to the issue as their reserved portion has subscribed 2.25 times, while that of employees was subscribed by about 16 per cent. The portion set aside for non-institutional investors has been subscribed by 23 per cent. Qualified institutional buyers, so far, have not started putting their bids yet. What seems to be working for the company is the fact that RailTel is a 'MiniRatna' that provides information and co...
Source: business-standard.com