RailTel IPO allotment standing: The preliminary public providing (IPO) of RailTel Corporation of India was met 42.39 occasions subscription over the 6.11 crore shares provided in the course of the subscription interval from February 16-18, 2021. The value band was mounted at Rs 93-94 per share.
The RailTel obtained bids of over 259.42 crore (2,59,42,43,370) shares towards the whole challenge measurement of over 6.11 crore (6,11,95,923) shares, information out there with the National Stock Exchange (NSE) confirmed.
The certified institutional patrons (QIBs) class was subscribed 65.14 occasions, non institutional traders 73.25 occasions and retail particular person traders (RIIs) 16.78 occasions.
The RailTel IPO is totally an offer-for-sale (OFS) by which authorities will offload over 8.71 crore (8,71,53,369) fairness shares, as per the data given within the crimson herring prospectus.
The firm is without doubt one of the largest impartial telecom infrastructure suppliers within the nation, proudly owning an optical fibre community on the suitable of method alongside the railway tracks.
Investors at the moment are trying ahead to the share allotment date of the RailTel IPO. The firm will finalise the allotment of shares on Tuesday, February 23, 2021. In case you will have utilized for the RailTel IPO, then right here is how one can test the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose “RailTel Corporation of India Limited” within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.
Apart from the registrar’s web site, candidates may also test the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose “RailTel Corporation of India Limited” from the drop-down checklist within the Issue Name part, enter their Application Number and PAN Number within the respective containers after which click on on search to view their standing.
The itemizing of shares of RailTel is prone to happen on February 26, 2021, on each the NSE and BSE. The challenge measurement of the IPO was Rs 819.2 crore. Before heading into the IPO, the corporate raised Rs 243.99 crore from its anchor traders.
ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets had been the managers to the provide.