RailTel Corporation of India Limite
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₹10(10.64%)
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RailTel Corporation of India Limite's has transitioned to a publicly listed entity following its IPO debut on Feb 26, 2021 at the NSE, BSE exchange. The public offering successfully raised 8,71,53,369 Shares, consisting of TBDin new capital and ₹819.24 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹93 to ₹94 and minimum application size of 155 shares. Market reception was evidenced through subscription activity between Feb 16, 2021 and Feb 18, 2021, reflecting investor appetite for the offering.
Allotment of shares was completed on Feb 23, 2021, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2000, RailTel Corporation is a public sector ICT infrastructure provider wholly owned by the Government of India and managed by the Ministry of Railways. Established to modernize telecom infrastructure, it has grown into one of the largest telecom infrastructure providers in the country. The company leverages advanced technologies such as Dense Wavelength Division Multiplexing (DWDM) and Multi-Protocol Label Switching (MPLS) networks and operates data centers in Haryana, Gurugram, Secunderabad, and Telangana.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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RailTel Corporation of India Limite
Kfin Technologies Limited