RailTel IPO Allotment Standing Test: The preliminary public provide (IPO) of state-owned RailTel Company of India Restricted acquired super response from buyers. It was subscribed 42.39 instances. In accordance with information accessible with the NSE, the Rs 819.24-crore provide acquired bids for two,59,42,43,370 shares towards 6,11,95,923 shares on provide.
The portion of the IPO reserved for retail buyers was subscribed 16.78 instances, whereas the certified institutional purchaser was subscribed 65.29 instances. The general public subject was of eight,71,53,369 fairness shares and had a value vary of Rs 93-94 per share.
The premise of the allotment of the IPO shall be introduced on February 23. RailTel IPO was oversubscribed and the allotment course of shall be accomplished by a lottery system. The registrar of the RailTel IPO will provoke the refund course of on February 24.
The shares of RailTel shall be credited to demat accounts on February 24 and the itemizing will happen on February 26. RailTel shares shall be listed at BSE and NSE.
This is how one can examine RailTel IPO allotment standing on BSE, NSE web sites:
1. Go to the BSE web site or NSE web site.
2. On BSE, Choose ‘Fairness’ after which from the dropdown, choose ‘RailTel’
three. Enter your software quantity and PAN after which click on on SEARCH. The standing of the allotment shall be exhibited to you.
RailTel Company is a mini-ratna PSU. It is among the largest impartial telecom infrastructure suppliers within the nation proudly owning an optic fiber community on unique Proper of Manner (RoW) alongside railway monitor. It supplies broadband telecom and multimedia community throughout the nation.
RailTel’s optic fiber community covers over 55,000 kms and 5677 railway stations throughout cities and cities within the nation.
RailTel Company India, the seventh preliminary public providing this yr, is second by the Ministry of Railways. RailTel share is commanding a gray market premium (gmp) of Rs 25-30 earlier than the itemizing. The Indian Railway Finance Company (IRFC), one other state-run firm, was listed at a four per cent low cost in January.