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RailTel Corporation makes strong debut on bourses, shares zoom over 29% on closing

Rs 819.24-crore offer.
It received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
New Delhi: Telecom infrastructure provider RailTel Corporation of India Ltd on Friday made a strong debut with its shares zooming over 29 per cent on closing when compared with the issue price.
On BSE, the scrip opened on a strong note of Rs 104.6 apiece, compared with the initial public offering price of Rs 94.
During the intra-day trade, the stock had touched a high of Rs 125.5 before settling at Rs 121.4, higher 29.15 per cent when compared with the issue price and a gain of 16.06 per cent, in comparison to the opening price.

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