Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
RailTel IPO is a book build issue of ₹819.24 crores. The issue is entirely an offer for sale of 8.72 crore shares of ₹819.24 crore.
RailTel IPO bidding started from Feb 16, 2021 and ended on Feb 18, 2021. The allotment for RailTel IPO was finalized on Feb 23, 2021. The shares got listed on BSE, NSE on Feb 26, 2021.
RailTel IPO price band is set at ₹94.00 per share . The lot size for an application is 155. The minimum amount of investment required by an retail is ₹14,415 (155 shares). The lot size investment for sNII is 14 lots (2,170 shares), amounting to ₹2,03,980, and for bNII, it is 69 lots (10,695 shares), amounting to ₹10,05,330.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to RailTel IPO RHP for detailed Information.
| IPO Date | February 16, 2021 to February 18, 2021 |
| Listing Date | February 26, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹93 to ₹94 per share |
| Issue Price Final | ₹94 per share |
| Lot Size | 155 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 8,71,53,369 shares (aggregating up to ₹819.24 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 32,09,38,407 shares |
| Share Holding Post Issue | 32,09,38,407 shares |
RailTel IPO offers total 8,71,53,369 shares. Out of which 4,33,26,683 (49.71%) allocated to QIB, 1,73,69,237 (19.93%) allocated to QIB, 1,29,98,006 (14.91%) allocated to NII, 3,03,28,680 (34.80%) allocated to RII and 2,59,57,446 (29.78%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,33,26,683 (49.71%) | NA |
| − Anchor Investor Shares Offered | 2,59,57,446 (29.78%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,73,69,237 (19.93%) | NA |
| NII (HNI) Shares Offered | 1,29,98,006 (14.91%) | NA |
| Retail Shares Offered | 3,03,28,680 (34.80%) | 1,95,668 |
| Employee Shares Offered | 5,00,000 (0.57%) | NA |
| Total Shares Offered | 8,71,53,369 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
RailTel IPO opens on February 16, 2021, and closes on February 18, 2021.
| IPO Open Date | Tue, Feb 16, 2021 |
| IPO Close Date | Thu, Feb 18, 2021 |
| Tentative Allotment | Tue, Feb 23, 2021 |
| Initiation of Refunds | Wed, Feb 24, 2021 |
| Credit of Shares to Demat | Wed, Feb 24, 2021 |
| Tentative Listing Date | Fri, Feb 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 18, 2021 |
Investors can bid for a minimum of 155 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 155 | ₹14,570 |
| Retail (Max) | 13 | 2,015 | ₹1,89,410 |
| S-HNI (Min) | 14 | 2,170 | ₹2,03,980 |
| S-HNI (Max) | 68 | 10,540 | ₹9,90,760 |
| B-HNI (Min) | 69 | 10,695 | ₹10,05,330 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.
RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.
Key Facts about RailTel Corporation
| 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 |
The Company RailTel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To carry out the disinvestment of 87,153,369Equity Shares by the Selling Shareholder constituting 27.16% of our Company’s paid up Equity Share capital our Company; and | |
| 2 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges |
[Dilip Davda] On P/E and P/BV parameters, the issue appears fully priced. Currently, the company leads the pack of the telecom industry with 13% profit margins and 14% ROCE. Management is confident for slow and steady growth. Considering all these aspects, investors may consider investing in this issue with a long term perspective. Read detail review...
| Listing Date | February 26, 2021 |
| BSE Script Code | 543265 |
| NSE Symbol | RAILTEL |
| ISIN | INE0DD101019 |
| Final Issue Price | ₹94 per share |
| BSE Listing Group | B |
RailTel Corp.of India Ltd.
Plate - A, 6th Floor,
Office Block, Tower-2,
East Kidwai Nagar,
South Delhi, New Delhi, 110023
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: http://www.railtelindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
RailTel IPO is a main-board IPO of 8,71,53,369 equity shares of the face value of ₹10 aggregating up to ₹819.24 Crores. The issue is priced at ₹94 per share. The minimum order quantity is 155.
The IPO opens on February 16, 2021, and closes on February 18, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RailTel IPO using UPI as a payment gateway. Zerodha customers can apply in RailTel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RailTel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RailTel IPO opens on February 16, 2021 and closes on February 18, 2021.
RailTel IPO lot size is 155, and the minimum amount required for application is ₹14,570.
You can apply in RailTel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for RailTel IPO will be done on Tuesday, February 23, 2021, and the allotted shares will be credited to your demat account by Wednesday, February 24, 2021. Check the RailTel IPO allotment status.
The RailTel IPO listing date is on Friday, February 26, 2021.
Useful Articles
RHP