Business Standard

Railtel Corporation of India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

819.24 cr

Price Range (₹)

94

Lot Size

155

Min Investment (₹)

14,570.00

Listing Exchange

MumbaiNSE

Open Date

16-Feb-2021

Close Date

18-Feb-2021

Listing Date

26-Feb-2021

Railtel Corporation of India Ltd News

    The Shares of Railtel Corporation of India Ltd have now been listed.

    Railtel Corporation of India Ltd IPO Details

    Initial public offering of 87,153,369 equity shares of face value of Rs. 10 each (equity shares) of Railtel Corporation of India Limited (The company or the issuer) through an offer for sale by The President of India, acting through The Ministry of Railways, Government of India (The selling shareholder), for cash at a price of Rs. 94 per equity share (including a share premium of Rs. 84 per Equity share) (the offer price), aggregating to Rs. 819.24 crores (the offer).Offer price and Anchor investor offer price: Rs. 94 per equity share of face value of Rs. 10 each.The Offer price is 9.40 times the face value of equity shares.

    Objective of issue

    To achieve the benefit of listing the Equity Shares on the Stock Exchanges.

    Railtel Corporation of India Ltd Contact Details

    Railtel Corporation of India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@railtelindia.com

    Website - www.railtelindia.com