RailTel Corporation of India (RailTel) IPO Highlights by Ventura Securities
RailTel IPO: Incorporated in September 2000, RailTel is a Mini Ratna (Category I) Central Public Sector Enterprise, wholly owned by the Government of India and under the administrative control of the Ministry of Railways. The company is an Information and Communications Technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.
During FY18-20, RailTel’s revenue grew at a 7.5% CAGR to Rs. 1,128 cr in FY20. Over the same period, its EBITDA grew at a CAGR of 12.4% to Rs. 334 cr in FY20 while the net profit grew at a CAGR of 2.6%: Reuters