RailTel IPO Reviews, Dates, Price Band, Market Lot & Financial Details.
RailTel IPO has bee announced and it opens on 16 February and closes on 18 February 2021. Railtel is one of the government companies who is going for an IPO this week. They have quite stable income growth from lst 3 years. Investors have expectations from Railtel IPO. Check more details for the IPO details below.
Table of Contents
RailTel IPO Dates & Price Band:
| Open Date | 16 February 2021 |
| Close Date | 18 February 2021 |
| Total Size of IPO | ₹819 Crore |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹93 to ₹94 Per Share |
| Listing on | BSE & NSE |
| Retail Investor’s Portion | 35% |
RailTel IPO Market Lot:
| Application | Lot | Shares | Cut Off Amount |
| Minimum (RII) | 1 | 155 | ₹14570 |
| Maximum (HNI) | 13 | 2015 | ₹189410 |
RailTel IPO Allotment & Listing Dates:
Allotment Date for RailTel – 23rd February 2021
Refund Date for RailTel – 24th February 2021
Credit of Shares to Demat Account – 25th February 2021
Listing Date for RailTel – 26th February 2021
Applying RailTel IPO through the form:
Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.
Objectives of Issue:
- To carry out the disinvestment plan.
- To achieve the benefits of equity share listing on the stock exchanges.
Financials of RailTel IPO:
| Year | Revenue (₹ in Cr.) | Expense (₹ in Cr.) | Net Income (₹ in Cr.) |
| 2018 | 1021 | 835 | 134 |
| 2019 | 1038 | 821 | 135 |
| 2020 | 1166 | 932 | 143 |
Our Team’s Perspective:
Overall valuation and financials of the company are looking attractive. It would be a good play for the long term.
NOTE: Consult your financial advisor before applying for IPO.
RailTel IPO FAQs:
When will RailTel IPO open for Investors?
RailTel IPO will open on the 25th January and will close on the 28th January.
What is RailTel IPO Retail Portion?
The portion allocated for retail investors in RailTel IPO is 35%.
What is RailTel IPO Lot Size?
Lot Size for RailTel IPO is ₹412 Crore.
What is the cutoff price for RailTel IPO?
The cutoff price for RailTel IPO is ₹385.
What is the RailTel IPO Price band?
RailTel IPO Price band is ₹384 to ₹385.
How to apply for RailTel IPO?
You can apply RailTel IPO in 3 ways:
1. Open a Demat account through a bank or brokerage firm and apply through it.
2. Apply via the ASBA application online through your bank.
3. Fill up the offline IPO form and submit it to the bank or broker.
What is the allotment date for RailTel IPO?
02 February 2021 is the allotment date for RailTel IPO.
What is the listing date for RailTel IPO?
05 February 2021 is the listing date for RailTel IPO. It will be listed on NSE and BSE.