11/02/2021
*RAILTEL IPO*
RailTel IPO to hit the market on 16 February and closes on 18 February 2021. RailTel Corporation is a "Mini Ratna (Category-I)" PSU company and provide ationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems. They are one of the largest neutral telecom infrastructure providers in the country. The network covers all important towns & cities of the country and several rural areas covering 70% of India's population. Currently RailTel Corporation has created over 45000 RKMs of fiber network connecting over 4500 cities/towns on the network including many rural areas. They offers servies which includes Managed lease lines, Tower colocation, MPLS based IP-VPN, Internet and NGN based voice carriage services to Telecom Operators, Internet Service Providers, MSOs, Enterprises, Banks, Govt. Institutions/dept., Educational Institutions/Universities, etc. RailTel is aggressively entering into Enterprise services market with launch of its various services like Data Center, Railwire, Telepresence, etc. As on June 30, its optic fibre network covers over 55,000 km and 5,677 railway stations across towns and cities in the country. Check out RailTel IPO date, price band and market lot details.
*IPO Update*
Name: - *RAILTEL IPO Details*
Open: - 16-02-2021
Close: - 18-02-2021
Allotment Date: - 23-02-2021
Listing Date: - 26-02-2021
Issue Size: - ₹ 819.24 Cr
Price Band: - ₹ 93-94
Lot Size: - 155
Min. App: - ₹ 14570
Premium: - *₹ 10-15*