| Issue Date | 16 Feb 2021 - 18 Feb 2021 |
| Issue Size | ₹700.0 Cr |
| Issue Price | ₹93-94 |
| Market Lot | 155 Shares |
| Shares on Offer | 86,653,369 |
| Registrar | KFintech |
| GMP | ₹16-17 |
| Kostak | ₹300 |
| Subject to Sauda | ₹2300-2500 |
| Listing Date | 26 Feb 2021 |
| Listing Price | ₹109 |
| Listing Gain% | 15.96 |
RailTel Corporation a "Mini Ratna (Category-I)" PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track.
The OFC network covers all important towns & cities of the country and several rural areas covering 70% of India’s population. RailTel with strong nationwide presence is committed to bring cutting edge technology and offer innovative services to the Indian Telecom market. RailTel is in the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems. With its Pan India high capacity network, RailTel is working towards creating a knowledge society at various fronts.
RailTel was incorporated on September 26, 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, laying optical fiber cable using the right of way along railway tracks. Presently, optic fiber network of RailTel covers over 58,742 route kilometers and covers 5,848 railway stations across towns and cities in India.
RailTel is an ISO certified company. Its operations are certified with various certifications including ISO 9001:2015, ISO/IEC 20000-1:2018, ISO/IEC 27001:2013 and CMMI Level-4 for its quality management systems, information security management systems, and service management systems, respectively.
RailTel has a strategic relationship with the Indian Railways and it undertakes a wide variety of projects including provision of mission critical connectivity services such as video surveillance system at stations and within trains, ‘e-Office’ services and implementing short haul connectivity between stations and long haul connectivity to support various organizations within the Indian Railways. RailTel also undertakes various passenger services including content on demand services and Wi-Fi across major railway stations in India.
RailTel believes that their experience and expertise in handling and undertaking telecom and ICT projects, has led them to be selected for implementation of various mission-mode projects for the Government of India including rolling out the National Knowledge Network, Bharat Net (formerly, the National Optical Fiber Network) and USOF funded optical fiber based connectivity project in North East India.
The President of India, acting through the Ministry of Railways is the promoter of the company.
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 23,981 | 22,276.75 | 23,228.79 |
| Total Revenue (In ₹ Millions) | 10,212.18 | 10,382.66 | 11,660.05 |
| Profit After Tax (PAT) (In ₹ Millions) | 1,340.06 | 1,353.56 | 1,410.66 |
| Date | GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| 17 Feb 2021 | ₹16-17 | ₹300 | ₹2300-2500 |
| 12 Feb 2021 | N/A | ₹300 | ₹4500 |
| Strength |
|---|
| It's a public sector IPO and have done well in recent history. |
| The subject to sauda price is very decent. |
| Weakness |
|---|
| The Revenue, Assets and profit has been fairly stable and growth potential doesn't look that high. |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 16 Feb 2021 | 0.00 | 0.75 | 4.99 | 2.64 |
| Day 2 - 17 Feb 2021 | 2.96 | 2.63 | 10.55 | 6.64 |
| Day 3 - 18 Feb 2021 | 65.14 | 73.25 | 16.78 | 42.39 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusRailTel Corporation of India Limited IPO will open on 16 Feb 2021 and close on 18 Feb 2021.
RailTel Corporation of India Limited IPO will list on 26 Feb 2021.
The offer price of RailTel Corporation of India Limited IPO is ₹93-94.
The lot size of RailTel Corporation of India Limited IPO is 155.
The Grey Market Premium (GMP) price of RailTel Corporation of India Limited IPO is ₹16-17.
The Kostak price of RailTel Corporation of India Limited IPO is ₹300.
The Subject to Sauda price for RailTel Corporation of India Limited IPO is ₹2300-2500.
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