RailTel Corporation of India Limited IPO
RailTel Corporation of India Limited was a mainboard IPO in the Other Telecom Services sector, offered at ₹93–₹94 per share to raise ₹819 crore. The issue was subscribed 42.39× overall (QIBs 65.14×, NIIs 73.25×, retail 16.78×). It listed on 26 Feb 2021 at ₹109 and closed its first day at ₹121, a listing gain of +29.1% versus the ₹94 issue price. It now trades around ₹222 (+136.6% versus the issue price).
Frequently asked questions
- How many times was the RailTel Corporation of India Limited IPO subscribed?
- The RailTel Corporation of India Limited IPO was subscribed 42.39× overall — 65.14× in the QIB category, 73.25× among non-institutional investors, 16.78× in retail.
- What were the RailTel Corporation of India Limited IPO listing gains?
- RailTel Corporation of India Limited listed on 26 Feb 2021 at ₹109, closing its first day at ₹121 — a listing gain of +29.1% versus the ₹94 issue price.
- What were the retail allotment odds for the RailTel Corporation of India Limited IPO?
- Retail was subscribed 16.78×, so a single-lot application had roughly a 6% chance of allotment (about 1 in 17), and allotment was finalised on 22 Feb 2021.
- What was the price band and lot size of the RailTel Corporation of India Limited IPO?
- The price band was ₹93–₹94 per share, with a minimum lot of 155 shares (₹14,570 at the upper band).
- Who were the registrar and lead manager for the RailTel Corporation of India Limited IPO?
- KFin Technologies Private Limited was the registrar, and ICICI Securities was the book-running lead manager.