Railtel Corporation of India Limited IPO

Railtel IPO
Railtel IPO | Upcoming IPO | New IPO | Latest IPO | Upcoming Railtel IPO | Upcoming IPO 2021

Railtel Ltd is an information and communications technology (“ICT”) infrastructure provider and are one of the largest neutral telecom infrastructure providers in India.

Railtel is a Mini Ratna (Category-I) Central Public Sector Enterprise, wholly-owned by the Government of India and under the administrative control of the Ministry of Railways.

Company was incorporated with the aim of modernizing the existing telecom system for train control, operation and safety and to generate additional revenues by creating nationwide broadband and multimedia network by laying optical fiber cable by using the right of way along railway tracks.

As of June 30, 2020, Railtel’s optic fiber network covers over 55,000 route kilometers and covers 5,677 railway stations across towns and cities in India.

Company operates data centers in Gurugram, Haryana and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways.

company also undertakes various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.

Railtel IPO

Competitive Strengths

  1. RailTel Corporation a “Mini Ratna (Category-I)” PSU is one of the largest neutral telecom infrastructure providers in the country.
  2. The Vision of the company is to become the preferred telecom solutions and services provider for the knowledge economy.
  3. The aim of the company is to attain leadership in providing premier telecom infrastructure service by offering a cost-effective state of the art communication solutions.
  4. For the year ended March 2018, the company posted consolidated revenues of INR1,031 crore, marking a growth of 14.04%. IN the same year, net income jumped 23.44% to INR158 crore.

Company Financials

ParticularsFY20FY19FY18
Revenue1166.01038.21021.2
Net Profit141.0135.3134.0

Objects of the Issue

The net proceed from the IPO will be used towards following purposes:

  1. To carry out the disinvestment plan.
  2. To achieve the benefits of equity share listing on the stock exchanges.
Railtel IPO
Object Of The Issue

Railtel IPO Details

IPO Open Date16 FEB, 2021
IPO Close Date18 FEB, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 819 Cr
Offer for Sale8,71,53,369 Equity Share
Face Value₹10 Per Equity Share
IPO Price[93] to [94] per equity share
Market Lot155 Shares
Min Order Quantity155 Shares
Listing AtBSE, NSE

Railtel IPO – Schedule

Bid/Offer Opens On16 FEB, 2021
Bid/Offer Closes On18 FEB, 2021
Finalisation of Basis of Allotment23 FEB, 2021
Initiation of Refunds24 FEB, 2021
Credit of Shares to Demat Account25 FEB, 2021
IPO Shares Listing Date26 FEB, 2021

Railtel IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1155₹14,570
Maximum132015₹1,89,410

Railtel IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Railtel IPO
How To Apply For Railtel IPO

Apply For Railtel IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Railtel IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Railtel IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

RailTel Corporation of India Limited
Plate – A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India

Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Websitehttp://www.railtelindia.com/

LIST OF UPCOMING IPOs