Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.
RailTel Products and Services:
- Telecom Network Services
- Telecom Infrastructure Services
- Data Center and Hosting Services
- System Integration Services
Company Promoters:
The President of India, acting through the Ministry of Railways is the promoter of the company.
Company Financials:
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 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 |
Objects of the Issue:
The net proceed from the IPO will be used towards following purposes:
- To carry out the disinvestment plan.
- To achieve the benefits of equity share listing on the stock exchanges.
RailTel IPO Details.
Apply for Short Term and Long Term GainRailTel IPO Review:
RailTel IPO Dates & Price Band:
| IPO Open: | 16 February 2021 |
| IPO Close: | 18 February 2021 |
| IPO Size: | Approx ₹819 Cror |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹93 to ₹94 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 87,153,369 Shares |
RailTel IPO Market Lot:
| Minimum Lot Size: | Minimum 155 Shares |
| Minimum Amount: | ₹14570 |
| Maximum Lot Size: | Maximum 2015 Shares |
| Maximum Amount: | ₹189410 |
RailTel IPO Allotment & Listing:
| Basis of Allotment: | 23 February 2021 |
| Refunds: | 24 February 2021 |
| Credit to Demat Account: | 25 February 2021 |
| Listing Date: | 26 February 2021 |