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Why RailTel Corporation shares rallied 86% in 3 sessions

Why RailTel Corporation shares rallied 86% in 3 sessions
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

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Why RailTel Corporation shares rallied 86% in 3 sessions

Why RailTel Corporation shares rallied 86% in 3 sessions
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Japan , Nippon , Nippon-india-mutual-fund , Railtel-corporation-rs , Goldman-sachs-india-fund , Ministry-of-railways , Multi-cap-fund , Railtel-corporation-of-india , Railtel-corporation , India-mutual-fund , Nippon-india-mutual-fund-multi-cap

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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RailTel Corporation's initial public offering (IPO) Opens For Bidding. Here Are Things To Know


RailTel Corporation's IPO Opens For Bidding. Here Are Things To Know
The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the employees
Updated: February 16, 2021 9:58 am IST
Investors can subscribe for a minimum one lot of 155 shares and in multiples thereof, till up to 13 lots
RailTel Corporation's Rs 820 crore initial public offer (IPO) opens for subscription today i.e. February 16. The public issue will remain open for three days until February 18. The shares of RailTel are likely to be listed on the BSE and NSE exchanges on February 26.

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RailTel Corporation's Rs 820 Crore initial public offer (IPO) To Open on Tuesday


RailTel Corporation IPO: Investors can subscribe for a minimum one lot of 155 shares
RailTel Corporation's Rs 820 crore initial public offer (IPO) will be open for subscription from February 16 to February 18, at an issue price of Rs 93-94 per share. The shares of RailTel are set to be listed on the BSE and NSE on February 26.
The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the employees. Investors can bid for a minimum one lot of 155 equity shares and in multiples thereafter, up to 13 lots. The quota for retail investors in RailTel IPO is fixed at 35 per cent, qualified institutional buyers quota is 50 per cent and non-Institutional Investors segment is 15 per cent.

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RailTel Corporation IPO: RailTel Corporation's Rs 820 crore initial public offering (IPO) To Open on February 16, 2021

The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the company's employees

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