Railtel Company was incorporated on 26 September 2000 and the main aim of the company is to improve the current telecom system for trains and to make extra revenue by making a nationwide network of broadband and multimedia, designing optical fiber cable along with railway tracks and make sure of operation and safety measures. Currently, Railtel has an optic fiber network that covers over 58,742 route kilometers and also covers 5,848 railway stations across cities and towns in India.
The company uses the latest and modern technology like MLPS( Multi-Protocol Label Switching) and DWDM(Dense Wavelength Division Multiplexing). Railtel Has its data centers at Gurugram, Haryana, Telangana, and Secunderabad.
Railtel has ISO Certification. Companies all operations are certified with many certifications like ISO 9001:2015, ISO/IEC 20000-1:2018, ISO/IEC 27001:2013 and CMMI Level-4
Company Strengths:
1)The company has knowledge and expertise in handling and undertaking telecom and ICT related projects.
2)Optic Fiber network over 58,742 route kilometers and also covers 5848 railway stations.
3)Railtail has a retail customer base of 305,746 and 5,023 Access network providers (ANPs) to give the last-mile connectivity.
4) It is an ISO Certified Company.
Railtel IPO Details:
| Opening Date | 16 FEB 2021 |
| Closing Date | 18 FEB 2021 |
| Type of Issue | Book Built Issue IPO |
| Size of Issue | 87,153,369 – Equity Shares (aggregating up to ₹819.24 Cr) |
| Offer for Sale | 87,153,369 Equity Shares (aggregating up to ₹819.24 Cr) |
| Listing At | BSE, NSE |
| Face Value | Rs.10 per eq. share |
| IPO Price | Rs. 93-94 |
| Market Lot | 155 Shares |
| Minimum Order Quantity | 155 Shares |
Railtel IPO Tentative Time-Table:
Companies Financial:
| 30-September-20 | 31-March-20 | 31-March-19 | 31-March-18 | |
| Assests | 24,821.50 | 23,981 | 22,276.75 | 23,228.79 |
| 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 |
Grey Market Premium:
| Date | GMP |
| 16 FEB 2021 | 40 |
| 15 FEB 2021 | 40 |
| 14 FEB 2021 | 45 |
| 13 FEB 2021 | 35 |