The RailTel date has been confirmed from February 16, 2021 and ended on February 18, 2021. Read the post to learn about RailTel IPO GMP – IPO Grey Market Premium Today.
RailTel was listed on the stock exchange on February 26, 2021. The IPO was subscribed 42.39 times. The last RailTel IPO GMP Today is ₹10, updated on February 24th, 2021 at 08:29 PM. RailTel’s IPO currently has a GMP of ₹10. The projected profit/loss from the IPO was 10.64%.
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Key Details Of RailTel IPO:
Bidding Dates
February 16- 18
Price Range
₹93 to ₹94 per share
Face Value
₹10 per share
GMP
₹10
RailTel IPO GMP
The RailTel IPO GMP Today is ₹10.
IPO Overview
RailTel IPO is a book-built issuance worth Rs 819.24 crore. The issue is essentially an offer to sell 8.72 crore shares.
RailTel IPO auction began on February 16, 2021, and finished on February 18, 2021. The allotment for RailTel’s IPO was concluded on Tuesday, February 23, 2021. The shares were listed on the BSE and NSE on February 26, 2021.
RailTel IPO pricing range is set at ₹93 to ₹94 per share. The minimum lot size for an application is 155 shares. The minimum investment for 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 may bid for a minimum of 27 shares or multiples thereof. The table below shows the lowest and maximum investment by retail investors and HNIs in terms of shares and amounts.
| 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’s IPO includes 61,195,923 shares. 17,369,237 (28.38%) went to QIB, 12,998,006 (21.24%) to NII, 30,328,680 (49.56%) to RII, and 500,000 (0.82%) to employees. 195,668 RIIs will receive at least 155 shares, while (sNII) and (bNII) will receive a minimum of 2,170 shares. (in the 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 delivers broadband telecom and multimedia networks and services in India and around the world. The company’s segments are Telecom Services and Project Work Services. It provides E-office, HD video conferencing, data centres, RailWire broadband, cyber security, leased lines, virtual private networks, internet leased lines, consultation, signalling, rack and space collocation, tower collocation, NLD voice carriage, and Aadhaar-based services. The company also offers project services such as station Wi-Fi,
content on demand, railway display network, national optical fiber network, national knowledge network services, hospital management information, and video surveillance systems. It provides services to telecom operators, internet service providers, MSOs, corporations, banks, government institutions/departments, public sector undertakings, educational institutions/universities, and so on. The company was formed in 2000 and is headquartered in New Delhi, India.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | RailTel Corporation of India Limited |
| Phone number | +91 11 2290 0600 |
| Email ID | [email protected] |
| Website | railtelindia.com |
IPO Strengths
- 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.
RailTel FAQs
When RailTel IPO will open?
The RailTel IPO opens on February 16, 2021 and closes on February 18, 2021.
What is the lot size of RailTel IPO?
RailTel IPO lot size is 155 Shares, and the minimum amount required is ₹14,570.
When is RailTel IPO allotment?
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 Wednesday, February 24, 2021.
When is RailTel IPO listing date?
The RailTel IPO listing date is on February 26, 2021.
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