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RailTel IPO Subscribed 42 Times On Last Day

RailTel IPO Subscribed 42 Times On Last Day
by Arun Kumar Das - Feb 19, 2021 04:48 AM
RailTel IPO.
Snapshot
The demand for IPO was led by qualified institutional buyers, whose allotted shares in the issue were subscribed 65.1 times at the end of the bidding process.
The Rs 820-crore RailTel Corporation initial public offer (IPO) was subscribed 42.4 times on the final day of the bidding process.
RailTel, one of the largest neutral telecom infrastructure providers in the country, received bids of 2,594,243,370 shares against the offered 61,157,360 equity shares.
The total size of the offer is Rs 819.24 crore at the upper price band of Rs 94 per share.

India , Telangana , Andhra-pradesh , Secunderabad , Haryana , Puneet-chawla , Indian-railways , Railtel-corporation , Railtel-corporation-of-india , Msme , Ipo , Railtel