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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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RailTel share price: Stocks in the news: RailTel, Mahindra Lifespace, Hatsun Agro, DHFL and HCL Tech

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Nifty futures on the Singapore Exchange traded 281 points, or 1.85 per cent, lower at 14,899 in signs that Dalal Street was headed for a gap-down start on Friday. Here are a few stocks which may buzz the most in today's trade:
RailTel Corporation of India: RailTel will make its market debut on Friday. The initial public offer (IPO), which was sold from February 16 to February 18, saw qualified institutional buyers (QIBs) subscribing 65.14 times the quota limit. Non-institutional investors bade 73.25 times while retail individual investors (RIIs) bade 16.78 times the quota limit.
Mahindra Lifespace Developers: The realty firm said it has acquired 7.89 acres of land to develop a residential project in Bengaluru. The project will offer about 5 lakh sq ft of carpet area. The launch of the project is planned for FY 2022, the company said in a regulatory filing.

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RailTel Corporation debuts at 16% premium over issue price of Rs 94

RailTel Corporation debuts at 16% premium over issue price of Rs 94
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RailTel Share Price: RailTel Corporation to make its stock market debut today | India Business News

Analysts say RailTel can make a strong stock market debut today
NEW DELHI: RailTel Corporation of India, which concluded its initial public offering (IPO) last week, made a stunning stock market debut on Friday, February 26, 2021. The shares of the company got listed at Rs 109 on NSE, a 15.96 per cent premium over its issue price of Rs 94. On BSE, the shares got listed at Rs 104.60, up 11.28 per cent.
RailTel's IPO opened on February 16 and closed on February 18. The IPO received great demand from all categories of investors and was subscribed more than 42 times.
The total size of the offer was of Rs 819.24 crore at the upper price band of Rs 94 per share.

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RailTel IPO | RailTel Corp shares list on bourses at a premium

Updated Feb 26, 2021 | 10:41 IST
The Rs 819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
RailTel Corp shares list on bourses at a premium | Photo Credit: Twitter
New Delhi: RailTel made a stellar debut on bourses on Monday as RailTel shares listed at a premium. Shares were trading at Rs 106, up 13% from the issue price of Rs 94. The IPO of RailTel was subscribed over 42 times and it had a price range of Rs 93-94 per share.
At 10.01 am, shares of RailTel Corp traded 16% higher at Rs 108.90 apiece on the BSE. So far today, the stock has touched a high of Rs 109 apiece and a low of Rs 104.60. In comparison, Sensex was down 924 points or 1.81% at 50,14.90 while the NSE benchmark Nifty50 index was lower by 249 points or 1.66% at 14,847.45

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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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RailTel Corp shares list at a premium, up over 20%

RailTel Corp shares list at a premium, up over 20%
RailTel is a central public sector enterprise under the administrative control of the Ministry of Railway.Premium
1 min read
IRCTC shares were also trading higher
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Shares of RailTel listed at a premium on exchanges today. At 10:27 am, shares were up 20% at ₹115 as compared to issue price of ₹94. The IPO of RailTel was subscribed over 42 times and it had a price range of ₹93-94 per share. The ₹819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
In comparison, BSE Sensex was down over ₹1.6%. Shares of another Railway related company IRCTC were trading 3% higher today.

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RailTel IPO: RailTel Corp to get listed on Friday. Can it do a Nureca in debut trade?

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NEW DELHI: Railtel Corporation is all set to make market debut on Friday, and after Nureca got listed at a 59 per cent premium today, hopes are high that the state-run firm, too, will see a strong debut.
Grey market trends suggest the stock indeed may see decent listing gains, but that may not be enough for it to replicate Nureca's performance in debut trade.
Marketmen tracking grey market trends said Nureca's strong listing might not have any major impact on RailTel's debut, but the recent improvement in the secondary market sentiment would.
They said Nureca's was a small Rs 100 crore initial public offer (IPO) and had, thus, witnessed huge demand. In comparison, RailTel was a large Rs 819 crore issue. The railway firm has reported single-digit sales and profit growth for the past couple of years, while Nureca logged solid growth for the same period.

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RailTel IPO: RailTel IPO allotment status: Here's how you can check it

RailTel received 23,79,717 applications for shares, the second best for a Railway IPO since IRFCs 25,51,325.

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RailTel IPO: RailTel IPO subscribed 35% in 40 mins of bidding process

RailTel had on Monday said that it has raised Rs 243.99 crore from 14 anchor investors.

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