RailTel IPO Date: Check opening, lot size, price band and other details

 RailTel IPO Date: RailTel IPO (Initial Public Offer) opens for subscription on 16th February 2021. Those who are interested in bidding must note that RailTel Corporation of India (RailTel) IPO will open for subscription till 18th February 2021. RailTel IPO price band has been fixed at Rs 93-94 per RailTel share with a face value of Rs 10 per RailTel share. The Government of India (GoI) aims to raise Rs 819 crore at the higher end of the RailTel IPO price band.

RailTel IPO Lot Size

The RailTel IPO lot size is 155 RailTel shares. A retail investor can apply for a minimum of 1 lot while maximum up to 13 lots. This means, a retail investor can bid for the RailTel IPO with a minimum cash flow of Rs 14,570 and maximum investment in the RailTel IPO is capped at 2,015 shares or Rs 189,410.

RailTel IPO size, OFS

The RailTel IPO issue size is 87,153,369 equity shares of Rs 10 face value. Means the aggregate amount that the promoters of the company want to generate is Rs 819.24 crore.

RailTel IPO will be listed at both NSE and BSE.

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About RailTel Company

RailTel Corporation is a public sector company, wholly owned by the Government of India (GOI) and administered by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. It was established in 2000 with the key objective to modernize telecom infrastructure. Currently, it is one of the largest telecom infrastructure providers in India.