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

Issuer

Rail Tel Corporation of India Limited

IPO Date : 16th February 2021 - 18th February 2021
Price Band
₹93 to ₹94 per equity share

Issue Size
₹ 811 Cr - ₹ 819 Cr

Face Value
₹10 per equity share

Market Lot
155 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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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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Rail Tel Corporation of India Limited IPO FAQs

What is an IPO?

IPO is the company listing process in the bourses. It contains initial public shares offered to general investors to convert a privately held or a state-owned company into a publicly-traded company.

What is RailTel Corporation of India Ltd IPO?

The RailTel Corporation IPO consisting of 8.71 crore OFS equity shares will fetch Rs 819 crores in the price band of Rs 93-94 per shares.

How to apply for RailTel IPO through Angel Broking?

Angel Broking clients can apply from their client console by login to Angel Broking website or mobile app. Select Railtel IPO from the list of all available IPOs to place your bid for the offer. Not a client of Angel Broking? Open a Demat account today. Apply online.

When will RailTel IPO open?

The Railtel IPO window will remain open for two days from February 16 to 18, 2021.

What is the minimum lot size of RailTel IPO?

The IPO size contains 8.71 crores OFS shares. Investors will have to apply for a minimum of 155 equity shares, amounting to minimum application value of Rs 14,570.

How to apply for RailTel IPO?

Application is only through ASBA (Application Supported By Blocked Amount). Investors can apply through stockbroking firms like Angel Broking or banks using net banking platform. Need a DEMAT account? Open one in simple steps with Angel Broking. Click here.

When is RailTel IPO allotment date?

Final allotment will take place on February 23, 2021.

When is RailTel IPO listing date?

RailTel IPO shares will make a debut in the BSE and NSE exchanges on February 26, 2021.

How to pay for IRFC RailTel using UPI?

All individual retail investors will have to pay for their bids using UPI. To use UPI to bid for Railtel IPO, you would need to link your bank account to a UPI payment handle – BHIM or Google Pay, which one can do online. During paying for the bid, you will receive payment mandate in your UPI handle. Approve the mandate and pay to complete the bidding process.

How will I receive the RailTel IPOs?

Once allotted, RailTel IPO shares will get credited directly to your DEMAT account. Get Angel Broking DEMAT account. Click here.

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