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RailTel Corporation Share Price: RailTel Corporation Rises For Third Straight Session, Nearly Doubles From Issue Price

RailTel Corporation Share Price: Shares last traded 16.13 per cent higher at Rs 169.15 on the BSE.
Shares of RailTel Corporation of India surged for the third straight day on Tuesday, March 2, tracking strong investor sentiment and also after winning an order worth Rs. 105.82 crores from the Ministry of Railways. According to a regulatory filing by the firm to the BSE, the order involves various upgradation and signaling work at some railway stations as well as replacement of mechanical signaling at some stations. On Tuesday, RailTel opened on the BSE at Rs 161, touching an intraday high of Rs 173.50, and an intraday low of Rs 156.05, so far. (

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IPO News: RailTel Corporation Lists At Modest 11% Premium

At 10:45 am, the shares ofRailTel were trading higher by 28.40 per cent on the BSE
RailTel Corporation of India shares listed at a modest premium on the bourses despite a selloff in the broader market this morning. The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94. And on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent. At 10:45 am, the shares of RailTel were trading at Rs 120.60, up 28.40 per cent on the BSE and at Rs 120.75, up 28.46 per cent , on the NSE.
Promoted
RailTel Corporation's Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme. The IPO was subscribed 42 times. The share offering was subscribed 16.78 times in the retail category, 65.14 times in qualified institutional buyer segment and 73.25 times in the non-institutional investor group. The public issue was open for three days between February 15 and February 18.

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