RailTel is one of the largest neutral telecom infrastructure provider. It is a Mini Ratna (Cat-A) Central Public Enterprises wholly owned by the Govt. of India, set up in 2000 with the aim of modernising the existing telecom system for train control, operation and safety and to generate additional revenue by creating nationwide broadband and multimedia network by laying optical fibre cable by using the right of way along with railleay track. It is going to raise 819.24 crore from its IPO. The initial Public offer of RailTel will hit the market on February 16. It will be Sixth railway companies which are going to list in Stock exchange. Earlier, IRCON International Ltd, RITES Ltd, Rail Vikas Nigam Ltd, Indian Railway Catering and Tourism Corporation and IRFC have been already listed in stock Market.
IPO Names: RailTel
Price Band: Rs. 93-94 Per Share
Issue Size: 819.24 crore
IPO Date : 16 Feb to 18 Feb 21
Fresh Issue : 8,71,53,369 share
Reservation : 5,00,000 For employees
Lot Size : 155 Equity Share
Face Value : Rs 10/-
Minimum Investment : Rs.14,415 – 14570/-
Allotment Date : 23 Feb 2021
Listing Date : 26 Feb 2021
Investors can subscribe to this IPO by betting for a single lot of 155 shares or in multiple, Retail Investors can bid maximum of 13 lots. The quota of Retail Investors in RailTel IPO is fixed at 35 Percent of net offer. QIB quota is fixed at 50 percent, while the NII Quota is at 15 Percent. ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Market are Lead managers in this IPO.
How To Apply RailTel IPO
You can apply this IPO online by using UPI and Bank Account or by the help of stock Broker.
For Opening of Demat &Trading Account use following Link are appended below : –
Zerodha : https://zerodha.com/open-account?c=ZMPOUL
Steps to apply in RailTel IPO through Zerodha :-
- Visit Zerodha Website and Login with Client ID and Password.
- Go to Portfolio and click on IPO.
- Go to RailTel IPO and click on bid button.
- Enter your UPI ID, Quantity and Price.
- Submit IPO application form
- Visit the UPI App to approve the mandate.
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