The RailTel date has been confirmed from February 16 and ended on February 18
RailTel was listed on the stock exchange on 26-02-2021. The IPO was subscribed 42.39x. The last GMP for RailTel IPO was ₹10, updated on Feb 24th 2021 08:29 PM. As per the last GMP, the expected profit/loss for the IPO was 10.64%.
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Bidding Dates
February 16- 18
Price Range
₹93 to ₹94 per share
Face Value
₹10 per share
GMP
₹10
RailTel GMP
The RailTel IPO GMP is ₹[10].
IPO Overview
RailTel IPO is a book built issue of Rs 819.24 crores. The issue is entirely an offer for sale of 8.72 crore shares.
RailTel IPO bidding started from February 16, 2021 and ended on February 18, 2021. The allotment for RailTel IPO was finalized on Tuesday, February 23, 2021. The shares got listed on BSE, NSE on February 26, 2021.
RailTel IPO price band is set at ₹93 to ₹94 per share. The minimum lot size for an application is 155 Shares. The minimum amount of investment required by retail investors is ₹14,570.
RailTel IPO GMP Live Rates Day By Day With Kotak Rates
- Grey market premium as on today is ₹10-15, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 24-02-2021 is ₹10-15, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 23-02-2021 is ₹10-15, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 22-02-2021 is ₹15-20, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 21-02-2021 is ₹25-30, Kostak ₹300 & Subject to Sauda is ₹2500
- Grey market premium as on 20-02-2021 is ₹25-30, Kostak ₹300 & Subject to Sauda is ₹2500
- Grey market premium as on 19-02-2021 is ₹25-30, Kostak ₹300 & Subject to Sauda is ₹2500
- Grey market premium as on 18-02-2021 is ₹25-30, Kostak ₹300 & Subject to Sauda is ₹2500
- Grey market premium as on 17-02-2021 is ₹15-20, Kostak ₹300 & Subject to Sauda is ₹2500
- Grey market premium as on 16-02-2021 is ₹30-35, Kostak ₹400 & Subject to Sauda is ₹2500
- Grey market premium as on 15-02-2021 is ₹35-40, Kostak ₹450 & Subject to Sauda is ₹4500
- Grey market premium as on 14-02-2021 is ₹35-40, Kostak ₹400 & Subject to Sauda is ₹4000
- Grey market premium as on 13-02-2021 is ₹35-40, Kostak ₹400 & Subject to Sauda is ₹4000
- Grey market premium as on 12-02-2021 is ₹35-40, Kostak ₹400 & Subject to Sauda is ₹4000
- Grey market premium as on 11-02-2021 is ₹10-15, Kostak ₹300 & Subject to Sauda is ₹4500
- Grey market premium as on 10-02-2021 is ₹10-15, Kostak ₹300 & Subject to Sauda is ₹4500
- Grey market premium as on 09-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 08-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 07-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 06-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 05-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 04-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 03-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 02-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 01-02-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 31-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 30-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 29-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 28-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 27-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 26-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 25-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 24-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 23-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 22-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 21-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 20-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 19-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 18-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 17-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 16-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 15-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 14-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 13-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 12-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 11-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 10-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 09-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 08-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 07-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 06-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 05-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 04-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 03-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 02-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
- Grey market premium as on 01-01-2021 is ₹05-10, Kostak ₹300 & Subject to Sauda is ₹N/A
RailTel IPO Date & Price Band Details
| IPO Date | February 16, 2021 to February 18, 2021 |
| Listing Date | February 26, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹94 per share |
| Lot Size | 155 Shares |
| Total Issue Size | 87,153,369 shares (aggregating up to ₹819.24 Cr) |
| Offer for Sale | 87,153,369 shares of ₹10 (aggregating up to ₹819.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
RailTel IPO Market Lot
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 27 | ₹14,850 |
| Retail (Max) | 13 | 351 | ₹193,050 |
RailTel IPO Allotment & Listing Dates
RailTel IPO opens on February 16, 2021, and closes on February 18, 2021.
| IPO Open Date | Tuesday, February 16, 2021 |
| IPO Close Date | Thursday, February 18, 2021 |
| Basis of Allotment | Tuesday, February 23, 2021 |
| Initiation of Refunds | Wednesday, February 24, 2021 |
| Credit of Shares to Demat | Wednesday, February 24, 2021 |
| Listing Date | Friday, February 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 18, 2021 |
RailTel Company Financial Report
| Particulars | For the year/period ended (₹ in Millions) | ||||
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 | |
RailTel IPO Reservation
RailTel IPO offers 61,195,923 shares. 17,369,237 (28.38%) to QIB, 12,998,006 (21.24%) to NII, 30,328,680 (49.56%) to RII, 500,000 (0.82%) to employees. 195,668 RIIs will receive minimum 155 shares and (sNII) and (bNII) will receive minimum 2,170 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 17,369,237 (28.38%) | NA |
| NII (HNI) Shares Offered | 12,998,006 (21.24%) | – |
| Retail Shares Offered | 30,328,680 (49.56%) | 195,668 |
| Employee Shares Offered | 500,000 (0.82%) | NA |
| Total Shares Offered | 61,195,923 (100%) | – |
Company Profile
RailTel Corporation of India Limited provides broadband telecom and multimedia networks and services in India and internationally. The company operates through Telecom Services and Project Work Services segments. It offers E-office, HD video conferencing, data centre, RailWire broadband, cyber security, leased line, virtual private network, internet leased line, consultancy, signalling, rack and space collocation, tower collocation, NLD voice carriage, and aadhaar-based services. The company also provides project services, including station Wi-Fi, content on demand, railway display network, national optical fibre network, national knowledge network services, hospital management information, and video surveillance systems.
It serves telecom operators, Internet service providers, MSOs, enterprises, banks, government institutions/departments, public sector undertaking, educational institutions/universities, etc. The company was incorporated in 2000 and is based in New Delhi, India.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | RailTel Corporation of India Limited |
| Phone number | +91 11 2290 0600 |
| Email ID | cs@railtelindia.com |
| Website | http://www.railtelindia.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
