RailTel IPO

RailTel IPO Date, Price band, Review, Details

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RailTel IPO is all set to hit the Dalal street on 16 February 2021. The company aims for an issue size of ₹819.24 Crore throught this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

RailTel Corporation of India Limited

A Mini Ratna (Category-I) Public Sector Enterprise – RailTel is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India. The company was incorporated on 26 September 2000 with the aim of modernizing the existing telecom system for train control, operation, and safety and to generate additional revenues by creating nationwide broadband and multimedia network by laying optical fiber cable by using the right of way along railway tracks. As of 30 June 2020, its optic fiber network covering over 55,000 route kilometers and 5,677 railway stations across towns and cities in India.

The company operates data centers in Gurugram, Haryana, and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways. In addition, it undertakes various ICT projects for the Indian Railways, central government, and state governments, including various train control system projects for Indian Railways.

Key Facts about RailTel Corporation

  • One of the largest neutral telecom infrastructure providers in India with PAN India optic fiber network.
  • Diversified Range of services i.e. Telecom Network, Telecom Infrastructure, Data Center and Hosting, and Projects.
  • Operates an optic fiber network covering 59,098 route Kms and 5,929 railway stations in India.
  • RailTel Corporation has an exclusive right of way along 67,415 Kms connecting 7,321 railway stations.
  • Center Network Operation Center at New Delhi and 4 NOCs at Mumbai, Delhi, Kolkata, and Secunderabad.
  • It has 305,746 retail customers and 5,023 Access network providers (ANPs) to deliver the last mile connectivity.

Objective of the Issue

  • To achieve the benefits of equity share listing on the stock exchanges.
  • To carry out the disinvestment plan.

Basic details about the company

Full nameRailTel Corporation of India Limited
IndustryTelecommunication-Service provider
Company Websitewww.railtelindia.com

Dates to remember

IPO Opening date16 February 2021
IPO Closing date18 February 2021
Basis of Allotment date23 February 2021
Initiation of Refunds24 February 2021
Credit to Demat Account25 February 2021
 Listing Date26 February 2021

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹819.24 crores
Number of shares offered87,153,369 Shares
Face value₹10 per equity share
Price band ₹93 to ₹94 per equity share
Retail portion35%
Lot size155 Nos
Minimum application1 lot – 155 shares
Maximum application13 lot – 2015 shares
Minimum application amount₹14,570
maximum application amount₹189,410
Listing ExchangeBSE, NSE

Financial summary

RailTel’s financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income134.0135.4141.145.6
Net margin (%)

Valuation of RailTel (as of FY2020)

Earnings Per Share (EPS)₹4.40
Price/Earnings (PE ratio)21.13 – 21.36
Return on Net Worth (RONW)10.3%
Net Asset Value (NAV)₹42.67 per share

Company Promoters

  • The President of India, acting through the Ministry of Railways is the promoter of the company.

RailTel IPO IPO Lead Managers

  • SBI Capital Markets Limited
  • ICICI Securities Limited
  • IDBI Capital Market Services Limited

Registrar of RailTel IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551 
Email: einward.ris@kfintech.com
Website: www.kfintech.com

RailTel Contact Details

RailTel Corporation of India Limited
Plate – A, 6th Floor,
Office Block, Tower-2,
East Kidwai Nagar, South Delhi,
New Delhi 110023
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: www.railtelindia.com

RailTel IPO Subscription Status

CategoryDay 1Day 2Day 3

RailTel IPO Allotment Status

RailTel IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status. 

Final thoughts

RailTel IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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  1. Pingback: IPO List 2021: a complete list of IPOs in 2021 - finvestfox.com

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