Bookbuilding IPO | ₹819 Cr | Listed at BSE, NSE | Tue, Feb 16, 2021 - Thu, Feb 18, 2021
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 per share. The lot size for an application is 155. The minimum amount of investment required by an retail is ₹14,570 (155 shares) (based on upper price). 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 Open
Tue, Feb 16, 2021
IPO Close
Thu, Feb 18, 2021
Issue Price
₹94 per share
Market Cap (Pre-IPO)
₹3,016.82 Cr
| IPO Date | 16 to 18 Feb, 2021 |
| Listed on | Fri, Feb 26, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹94 |
| Issue Price | ₹94 per share |
| Lot Size | 155 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,71,53,369 shares (agg. up to ₹819 Cr) |
| Offer for Sale | 8,71,53,369 shares of ₹10 (agg. up to ₹819 Cr) |
| Share Holding Pre Issue | 32,09,38,407 shares |
| Share Holding Post Issue | 32,09,38,407 shares |
| BSE Script Code / NSE Symbol | 543265 / RAILTEL |
| ISIN | INE0DD101019 |
RailTel IPO comprises a total issue size of 8,71,53,369 shares. The net offer to the public is 8,66,53,369 shares, after excluding 5,00,000 shares under a preferential allotment. Of the Net offer 4,33,26,683 (50.00%) are allocated to QIB, 1,29,98,006 (15.00%) allocated to NII 3,03,28,680 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 4,33,26,683 | 50.00% | 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 | 15.00% | 14.91% | NA |
| Retail Shares Offered | 3,03,28,680 | 35.00% | 34.80% | 1,95,668 |
| Preferential Reservations | ||||
| Employee Shares Offered | 5,00,000 | 0.57% | NA | |
| Total Shares Offered | 8,71,53,369 | 100.00% | 100.00% | |
Investors can bid for a minimum of 155 shares and in multiples thereof.
| 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 |
RailTel IPO raises ₹244.00 crore from anchor investors. RailTel IPO Anchor bid date is February 15, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 15, 2021 |
| Shares Offered | 2,59,57,446 |
| Anchor Portion (₹ Cr.) | 244.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 25, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 24, 2021 |
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The RailTel IPO is subscribed 42.39 times on February 18, 2021 5:00:00 AM (Day 3). The public issue subscribed 16.78 times in the retail category, 65.14 times in the QIB category, and 73.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 65.14 | 1,73,69,237 | 1,13,14,50,400 |
| NII | 73.25 | 1,29,98,006 | 95,21,18,190 |
| Retail | 16.78 | 3,03,28,680 | 50,89,97,680 |
| Employee | 3.35 | 5,00,000 | 16,77,100 |
| Total | 42.39 | 6,11,95,923 | 2,59,42,43,370 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including underwriting commission, printing and stationary expenses) | 16.45 |
| 2 | Commission and processing fees for SCSBs and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBs using UPI | 2.36 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.10 |
| 4 | Fees payable to the Registrar to the Offer | |
| 5 | Advertising and marketing expenses | 9.02 |
| 6 | Listing fee, | 0.01 |
| 7 | SEBI filing fee, Stock Exchanges processing fee and book building software fees | 2.02 |
| 8 | Fees payable to Legal Counsels | 0.99 |
| 9 | Miscellaneous | 1.43 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹94.00 | ₹94.00 |
| Open | ₹104.60 | ₹109.00 |
| Low | ₹104.60 | ₹101.00 |
| High | ₹125.50 | ₹127.85 |
| Last Trade | ₹121.40 | ₹121.35 |
RailTel IPO is a main-board IPO of 8,71,53,369 equity shares of the face value of ₹10 aggregating up to ₹819 Crores. The issue is priced at ₹94 per share. The minimum order quantity is 155.
The IPO opens on Tue, Feb 16, 2021, and closes on Thu, Feb 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 Tue, Feb 16, 2021 and closes on Thu, Feb 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 Wed, Feb 24, 2021. Check the RailTel IPO allotment status.
The RailTel IPO listing date is on Fri, Feb 26, 2021.
