RailTel IPO Subscription: Check massive number, details highlighted for investors
RailTel IPO subscribed 42.39 times. The public issue subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18. RailTel Corporation of India Limited (RailTel) initial public offer (IPO) is an offer for sale (OFS) up to 8.71 cr equity shares with a face value of Rs 10 per share, aggregating to Rs 819 cr. Of this, 500000 shares will be reserved for eligible employees. The price band is fixed at Rs 93-94 per share.
RailTel IPO subscribed 42.39 times. The public issue subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18
RailTel Corporation of India Limited (RailTel) initial public offer (IPO) is an offer for sale (OFS) up to 8.71 cr equity shares with a face value of Rs 10 per share, aggregating to Rs 819 cr. Of this, 500000 shares will be reserved for eligible employees. The price band is fixed at Rs 93-94 per share. As this is an OFS, RailTel will not receive any proceeds from the offer and all the proceeds shall go to the Government of India. The issue opens on Feb 16th 2021 and closes on Feb 18th 2021. ICICI Securities, IDBI Capital, SBI Capital are the Book running lead managers of Railtel.
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About the company RailTel:
Incorporated on September 26, 2000, RailTel is a Mini Ratna Central Public Sector Enterprise, wholly owned by the Government of India and under the administration of the Ministry of Railways. It is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India. It was established to modernise the existing telecom system for train control, operation and safety and to generate additional revenues by creating nationwide broadband and multimedia networks by laying optic fiber cable by using the right of way along railway tracks. RailTel is the Indian Railways’ key partner in digital transformation.
RailTel offers a diverse range of services that are classified as below:
Telecom Network Services – It includes National Long Distance (NLD) Services and Internet Service Provider (ISP) Services.
Telecom Infrastructure Services – It includes Passive Infrastructure (IP-1) services.
Managed Data Center and Hosting Services – It includes data centre and managed hosting services, telepresence services (TPaaS) and security operations centre as a services (SOCaaS).
Projects (System Integration Services) – It includes ICT Hardware, Software and Service System Integration Projects, Digital Services and other services including consultancy services for ICT services and solutions and signalling services for the Indian Railways.
The Indian telecom services industry can be broadly segregated into wireless, wireline and enterprise services. Wireline services are traditional landline calling services and wired broadband service. Wireless service includes mobile calling, short messaging service (SMS), wireless broadband, video conferencing service, triple play services and over-the-top (OTT) platforms.
Enterprise services include fiber leasing, tower co-location, Virtual Private Network (VPN), Multi-Protocol Label Switching (MPLS), Very Small Aperture Terminal (VSAT), National long distance (NLD), International long distance (ILD), domestic leased circuits (DLC) and international private leased circuits (IPLC).
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