RailTel Corporation of India Ltd. IPO- February 16, 2021
RailTel was incorporated in 2000, where they aimed to modernize the existing telecom system. It is wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology provider and is one of the largest neutral telecom infrastructure providers in the country owning a Pan- India optic. They have a strategic relation with Indian railways which undertakes wide variety of projects. As on 30 June 2020, it has covered an optic fiber network over 58742 route kms and covers 5,848 railways stations across towns and cities in India.
Financial Performance
Particulars
| For the year/period ended (Rs in million)
|
| 30-Sep-20
| 31-Mar-20
| 31-Mar-19
|
Total Assets
| 24,821.50
| 23,981
| 22,276.75
|
Total Revenue
| 5,537.84
| 11,660.05
| 10,382.66
|
Profit After Tax
| 455.84
| 1,410.66
| 1,353.56
|
Point to note before Investing in RailTel IPO
Largest neutral telecom infrastructure provider
Large network hardware system integration, and software and digital services.
Consistently profitable since 2007
Professionally managed team
ISO Certified Company
The ICT infrastructure industry involves high fixed costs and capital outflow.
As Telecom industry is highly fierce, RailTel must stay at the top of its game in the coming future.
IPO Details
IPO Opening Date
| Feb 16, 2021
|
IPO Closing Date
| Feb 18, 2021
|
Issue Type
| Book Built Issue IPO
|
Face Value
| ₹10 per equity share
|
IPO Price
| ₹93 to ₹94 per equity share
|
Market Lot
| 155 Shares
|
Min Order Quantity
| 155 Shares
|
Listing At
| BSE, NSE
|
Allotment , Listing and Refunds detail.
IPO Open Date
| Feb 16, 2021
|
IPO Close Date
| Feb 18, 2021
|
Basis of Allotment Date
| Feb 23, 2021
|
Initiation of Refunds
| Feb 24, 2021
|
Credit of Shares to Demat Account
| Feb 24, 2021
|
IPO Listing Date
| Feb 26, 2021
|
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