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RailTel Corporation IPO subscribed 6.64 times on second day

The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 6.64 times on the second day of subscription on Wednesday.

Topics
IPOs | Markets

Press Trust of India  |  New Delhi 

LIC IPO
Illustration by Binay Sinha

The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 6.64 times on the second day of subscription on Wednesday.

The Rs 819.24-crore offer received bids for 40,64,63,940 shares against 6,11,95,923 shares on offer, as per NSE data.

The qualified institutional buyers (QIBs) portion was subscribed 2.96 times, non institutional investors 2.63 times and retail individual investors(RIIs) 10.55 times.

The public issue is of 8,71,53,369 equity shares and in a price range of Rs 93-94 per share.

The company has raised Rs 244 crore from 14 anchor investors.

The offer is being managed by ICICI Securities Ltd, IDBI Capital & Securities Ltd, and SBI Capital Ltd.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, February 17 2021. 19:06 IST
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