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Updated Feb 16, 2021 | 12:48 IST RailTel's IPO opened for subscription on Tuesday. The price band of the issue has been fixed Rs 93-94. It commanded 37% GMP over the upper band of issue price as of February 16 RailTel IPO opens for subscription: Brokerages weigh in on co's strengths, risks   |  Photo Credit: PTI Telecom infrastructure corporation company RailTel Corporation of India’s Rs 819.24-crore initial public offer (IPO) opened for subscription on February 16. The Mini Ratna (category-I) company offers 8.71 crore equity shares of the public secto...

The Mini Ratna is among the largest neutral telecom infrastructure providers in India.

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...

Why Subscribe to RailTel IPO? Railtel Corporation of India (RailTel), a Mini Ratna (Category-I) Central Public Sector Enterprise, having pan India optical fiber network of 59,098 route KM (18,000 KM in cities), offers Telecom services and also undertakes Projects (System Integration Services). Railtel, having strong backing from Government of India (GoI), stands to gain from securing projects from GoI and PSUs on nomination basis. As per the management, the value of orders that it is currently working on is ~`4,000 cr which provides good growth visibility. As of January 31, 2021, it had exclu...

RailTel Corporation of India IPO: 10 things to know before subscribing to the issue The public issue, which opened for anchor investors on February 15, will be available for subscription from February 16 to February 18. February 16, 2021 / 07:50 PM IST RailTel Corporation of India's initial public offering is be the second public issue from the government and the seventh IPO of the year 2021. Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company and Stove Kraft have already listed on the bourses. Brookfield India REIT will make its market debut on February 17 and N...