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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.Â

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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 subscribed 42 times; firm heads for Rs 3,000 cr valuation

The initial public offering (IPO) of state-owned telecom infrastructure provider RailTel Corporation of India (RailTel) got bids 42 times more demand than the shares on offer.
The offering for 61 million shares got bids for 2.6 billion. The institutional investor portion of the IPO was subscribed 65 times and the high-net-worth individual (HNI) portion was subscribed 73 times. The retail and employee categories were subscribed 17 times and 3.4 times, respectively. Given the high demand, the government is likely to price the Rs 820-crore IPO at Rs 94, the top-end of the price band. At that price, the company will be valued at around Rs 3,000 crore.
In FY20, the company had clocked net profit of Rs 140 crore on revenues of Rs 1,128 crore.

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RailTel IPO subscription, subscribe RailTel IPO, RailTel IPO subscribed over 42 times, RailTel IPO next offer, RailTel

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RailTel IPO subscribed more than 42 times
The initial public offering (IPO) of RailTel has been subscribed more than 42 times as the offer ended on Thursday. The IPO opened on Tuesday, February 16.
Taking to Twitter, Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey said: "RailTel IPO received great demand from all categories of investors and was subscribed more than 42 times. We thank all investors for their participation."
The total size of the offer was of Rs 819.24 crore at the upper price band of Rs 94 per share.
The offer comprised of 87,153,369 equity shares of face value of Rs 10 each and was a complete offer for sale by the government. The company would not directly receive any proceeds from the same.

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RailTel IPO to open on February 16, price band fixed at Rs 93-94

RailTel IPO to open on February 16, price band fixed at Rs 93-94
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE
BusinessToday.In | February 11, 2021 | Updated 12:21 IST
The President of India, acting through the Ministry of Railways is the promoter of the company
Ministry of Railways-owned RailTel will launch its IPO on February 16 this year. The share sale, which will end on February 18, will be priced at Rs 93 to Rs 94 per equity share. The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 shares or Rs 189,410).

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