Learn More About the IPO of RailTel: Its Schedule, Price, GMP, Review, Analysis, and More
About the firm:
The Government of India (GOI) established RailTel Corporation in 2000 as a public sector business unit under the supervision of the Ministry of Railways.
It’s a business that supplies the infrastructure needed for the smooth operation of computer networks and other forms of electronic communication. Among the major providers of telecom infrastructure, the company was founded with the goal of advancing the state of the industry.
RailTel employs cutting-edge systems, such as a DWDM network and an MPLS-based label-switching infrastructure. Haryana, Gurugram, Secunderabad, and Telangana are all home to the company’s data centers.
To put it simply, RailTel (owned by RailTel Corporation of India Ltd.) is one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report). It is completely owned by the Government of India and operates under the supervision of the Ministry of Railways as a Mini Ratna (Category-I) Central Public Sector Enterprise.
On September 26, 2000, the company was formally established with the goals of modernizing the current telecom system for train control, operation, and safety and generating additional revenues by constructing a nationwide broadband and multimedia network via the laying of optical fibre cable along railway right-of-way.
Across India’s cities and towns as of January 31st, 2021, RailTel’s optical fibre network connects 5,929 railway stations. To meet the needs of Indian Railways and other clients for mission-critical communication, a transport network based on high capacity dense wavelength division multiplexing (‘DWDM’) technology and an Internet protocol/ multi-protocol label switching (‘MPLS’) network over it has been developed.
The company is a developing significant partner for Indian Railways, with 305746 users and 5023 AMPs (Access Network Providers) as of January 31, 2021, all under the ‘Railwire’ brand.
Facts You Should Know About RailTel Corporation
- One of the biggest providers of neutral telecom infrastructure in India, with a PAN India fiber optic network.
- Different kinds of services, such as Telecom Networks, Telecom Infrastructure, Data Centers and Hosting, and Projects.
- Runs an optical fiber network in India that covers 59,098 route km and 5,929 railway stations.
- RailTel Corporation owns the right of way along 67,415 kilometers that connect 7,321 railroad stations.
- Center Network Operation Center in New Delhi and 4 NOCs in Mumbai, Delhi, Kolkata, and Secunderabad.
- It has 305,746 retail customers and 5,023 Access network providers (ANPs) to connect the last mile.
Company Financials
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 24,821.50 | 23,981 | 22,276.75 | 23,228.79 |
| Total Revenue | 5,537.84 | 11,660.05 | 10,382.66 | 10,212.18 |
| Profit After Tax | 455.84 | 1,410.66 | 1,353.56 | 1,340.06 |
RailTel IPO Details
| IPO Date | Feb 16, 2021, to Feb 18, 2021 |
| Listing Date | Friday, February 26, 2021 |
| Face Value | ₹10 per share |
| Price | ₹93 to ₹94 per share |
| Lot Size | 155 Shares |
| Issue Size | 87,153,369 shares of ₹10 (aggregating up to ₹819.24 Cr) |
| Offer for Sale | 87,153,369 shares of ₹10 (aggregating up to ₹819.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The President of India, acting through the Ministry of Railways is the promoter of the company. |
IPO tentative timetable for RailTel
The IPO for RailTel starts on February 16, 2021, and ends on February 18, 2021. The RailTel IPO bid date is from 10 a.m. on February 16, 2021, to 5 p.m. on February 18, 2021. The deadline for confirming a UPI mandate is 5 p.m. on the day the issue closes.
day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 16, 2021 |
| Closing Date | Feb 18, 2021 |
| Basis of Allotment | Feb 23, 2021 |
| Initiation of Refunds | Feb 24, 2021 |
| Credit of Shares to Demat | Feb 24, 2021 |
| Listing Date | Feb 26, 2021 |
RailTel IPO Lot Size
The RailTel IPO lot size is 155 shares. A retail-individual investor can apply for up to 13 lots (2015 shares or ₹189,410).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 155 | ₹14,570 |
| Retail (Max) | 13 | 2015 | ₹189,410 |
RailTel IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.84% |
RailTel IPO Subscription Status (Bidding Detail)
On Feb 18, 2021 at 5:00:00 AM, the IPO for RailTel was 42.39 times oversubscribed. A total of 16.78 times were subscribed by retail investors, 65.14 times by qualified institutional buyers, and 73.25 times by non-institutional investors (NII) in the public offering. Validate Subscription Information Daily (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 65.14 |
| NII | 73.25 |
| Retail | 16.78 |
| Employee | 3.35 |
| Total | 42.39 |
RailTel IPO Listing Date
| Listing Date | Friday, February 26, 2021 |
| BSE Script Code | 543265 |
| NSE Symbol | RAILTEL |
| Listing In | B Group of Securities |
| ISIN | INE0DD101019 |
| IPO Price | ₹94 per share |
| Face Value | ₹10 per share |
Company Contact Information
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
Website: http://www.railtelindia.com/
RailTel IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
RailTel IPO FAQs
What is RailTel IPO?
The total value of the 87,153,369 equity shares in the RailTel IPO, with a face value of 10 each, is 819.24 Crores. Price per share ranges from 93 to 94 for this offering. It is required that you purchase at least 155 shares.
The IPO begins trading on February 16, 2021 and ends on February 18, 2021.
The IPO registry was set up by KFin Technologies Limited. Listing on BSE and NSE is planned for the shares.
How to apply in RailTel IPO through Zerodha?
Customers of Zerodha can use UPI as a payment gateway to apply for the RailTel IPO online. Customers of Zerodha can apply for the RailTel IPO by going to their “back office” (Zerodha Console) and filling out an IPO application form.
How to apply for an IPO through Zerodha for RailTel
- Log in to the Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button in the “RailTel IPO” row.
- Type in your UPI ID, the amount, and the price.
- “Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When will the RailTel IPO start?
The IPO for RailTel starts on February 16, 2021, and ends on February 18, 2021.
How big are the shares in the RailTel IPO?
The size of a RailTel IPO lot is 155 shares, and the minimum number of shares you can buy is.
How do you sign up for the RailTel IPO?
You can apply for the RailTel IPO online, and you can use either UPI or ASBA to pay. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
When does RailTel go public?
The finalization of the Basis of Allotment for RailTel’s IPO will happen on February 23, 2021, and the allotted shares will be put in your Demat account by February 24, 2021. Check on the status of the RailTel IPO allotment.
When does RailTel’s IPO start?
RailTel will go public on the stock market on Friday, February 26, 2021.
