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RailTel IPO allotment date,RailTel IPO allotment status check,RailTel IPO allotment allocation status, RailTel listing


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How to check RailTel IPO allotment status 
RailTel IPO Allotment Status Check: The initial public offer (IPO) of state-owned RailTel Corporation of India Limited received tremendous response from investors. It was subscribed 42.39 times. According to data available with the NSE, the Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
The portion of the IPO reserved for retail investors was subscribed 16.78 times, whereas the qualified institutional buyer was subscribed 65.29 times. The public issue was of 8,71,53,369 equity shares and had a price range of Rs 93-94 per share.
The basis of the allotment of the IPO will be announced on February 23. RailTel IPO was oversubscribed and the allotment process will be done through a lottery system. The registrar of the RailTel IPO will initiate the refund process on February 24. 

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RailTel IPO subscription status: RailTel IPO subscribed over 11 times so far on last day of bidding


NEW DELHI: The Rs 820-crore RailTel Corporation initial public offer (IPO) was subscribed 42.4 times on the final day of the bidding process.
At 5:00 pm, the issue had received bids for 2,59,41,39,520 shares, which was 42.4 times the total issue size of 6,11,95,923 shares.
Till Day 2, the issue was subscribed 6.55 times with the retail quota getting bids for 10.55 times the quota limit. While the qualified institutional buyer quota was subscribed 2.97 times, the non-institutional investor category bade for 2.63 times the quota limit. The employee reservation category was subscribed 1.85 times.
The issue is an offer for sale for 87,153,369 equity shares in the price band of Rs 93-94. At the upper limit of this price band, the IPO is valued at 21.4 times PE on a FY20 trailing basis. Its enterprise value (EV) is four times the earnings before interest, tax, depreciation, and amortisation (Ebitda).

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RailTel IPO: RailTel IPO to open on February 16: All you need to know


Synopsis
The quota for retail investors in RailTel IPO is fixed at 35 per cent of the net offer.
Agencies
RailTel shares is likely to list on the stock exchanges by February 26.
NEW DELHI: RailTel Corporation, a PSU that provides internet services for the Indian rail system along with other things, is scheduled to launch its initial public offer (IPO) next week. The government will sell 27 per cent in the company to raise Rs 819 crore.
RailTel will not receive any proceeds from the offer and all such proceeds will go to the government, helping it with constrained finances.
Here is everything you need to know about RailTel IPO:

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