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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 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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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 grey market premium plunges. Should you still subscribe?


NEW DELHI: RailTel Corporation of India's Rs 820 crore initial public offer (IPO), which has been seeing strong retail participation at bids totaling 11 times the issue size so far, closes for subscription on Thursday.
Surprisingly, the premium that unlisted shares of the company were enjoying in the grey market has plunged over the past few days. Analysts have largely been positive on the issue, as the Mini Ratna firm is debt-free and has been a consistent dividend payer. The RailTel IPO is seeking a fair valuation of 21.4 times PE on a FY20 trailing basis at the upper limit of Rs 93-94 price band, they said.

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RailTel Corporation raises Rs 244 crore from 14 anchor investors


RailTel Corporation raises Rs 244 crore from 14 anchor investors
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Last Updated: Feb 16, 2021, 10:32 AM IST
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Synopsis
The company informed the bourses that it has allocated 2,59,57,446 shares at Rs. 94 per share on February 15, to the anchor investors.
Bidding for the RailTel IPO issue began from 10 am on Tuesday.
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NEW DELHI: RailTel Corporation of India Limited (RailTel), raised Rs 243.99 crore from 14 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 2,59,57,446 shares at Rs. 94 per share on February 15, to the anchor investors.
Foreign portfolio investors who participated were UK based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital managed Cohesion MK Best Ideas Sub-Trust, Singapore based, Integrated Core Strategies Asia and Goldman Sachs India.

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