Credit: Railtel India

RailTel Corporation of India Limited IPO (RailTel IPO) Detail

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 Date16 FEB 2021
Closing Date18 FEB 2021
Type of IssueBook Built Issue IPO
Size of Issue87,153,369 – Equity Shares
(aggregating up to ₹819.24 Cr)
Offer for Sale87,153,369 Equity Shares
(aggregating up to ₹819.24 Cr)
Listing AtBSE, NSE
Face ValueRs.10 per eq. share
IPO PriceRs. 93-94
Market Lot155 Shares
Minimum Order Quantity155 Shares

Railtel IPO Tentative Time-Table:

Companies Financial:

Profit After Tax455.841,410.661,353.561,340.06
₹ In Lakhs.

Grey Market Premium:

16 FEB 202140
15 FEB 202140
14 FEB 202145
13 FEB 202135

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