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RailTel IPO subscribed 7.6 times on last day; price band fixed at Rs 93-94

RailTel IPO subscribed 7.6 times on last day; price band fixed at Rs 93-94
The Ministry of Railways will plan to sell 27% stake through the issue. Market experts have suggested Rs 30-40 listing gains for short-term perspective in RailTel Corporation
BusinessToday.In | February 18, 2021 | Updated 12:19 IST
The shares are proposed to be listed on BSE, NSE on 26th February 2021
The initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 7.6 times on its third and last day of bidding. The Rs 820-crore public issue at a price band of Rs 93-94 per share was subscribed 12.09 times by retail investors, 3.18 times in QIB category and 3.29 times in the NII category.

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