Rail Tel Corporation of India Limited IPO
State-owned RailTel Corporation’s IPO will open for subscription on February 16, 2021, and the window will remain open for two days until February 18. It is the fifth railway company to issue IPO. Earlier, IRFC became the first IPO to launch in 2021. The issue contains offer for sale (OFS) equity shares. The government plans to launch the shares in the price band of ₹93 - ₹94 to raise ₹819 crores from the market by selling 8.71 crores equities.
Rail Tel Corporation of India Limited IPO
Rail Tel Corporation of India Limited
IPO Date : 16th February 2021 - 18th February 2021
₹20/- For Intraday, F&O, Currencies & Commodities
Rail Tel Corporation of India Limited INFORMATION
Railtel is one of the Mini Ratna companies and the largest neutral telecom infrastructure provider.
Incorporated in 2000, Railtel is a state-owned company, responsible for providing information and communication infrastructure to the railway. Its primary role is to upgrade, modernise, and maintain the existing telecom system of train control and generate additional revenue by laying optical fiber cable along the rail tracks. On June 2020, Railtel covered an optical fiber network of 55,000 Km along 5677 railway stations.
Competitive strength
- Fully state-owned company, critical for providing modern telecom infrastructure service to Indian Railways
- Strategically located office campuses in metro cities
- Strong financials and performance
- Experienced management
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