Invest Policy
No Result
View All Result
Saturday, March 6, 2021
  • Login
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
Subscribe
Invest Policy
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
No Result
View All Result
Invest Policy
No Result
View All Result
Home Market

RailTel Corporation shares at 16% premium to gray market before IPO

by InvestPolicy
February 28, 2021
in Market
0
RailTel Corporation shares at 16% premium to gray market before IPO
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

RailTel Corporation India IPO। Railtel Corporation is the largest neutral telecom infrastructure provider in the country. The company’s IPO will open on February 16 and will close on February 18. But before that on February 11, the company’s shares were trading at a 16 per cent premium in the gray market. The company’s issue price has been fixed at Rs 93-94 per share.

Railtel Corporation is a Miniratna company. Currently, it is at a premium of Rs 10-15 from the upper price band of Rs 94 in the gray market. The premium of the company’s shares in the gray market has not changed for the second consecutive day.

RailTel Corporation will issue 8,71,53,369 equity shares in the IPO under Offer for Sale (OFS). The entire stake will be with the Government of India. According to the higher price band, the company will get Rs 819.24 crore from the issue. The government wants to take advantage of listing on the stock market by selling the company’s stake. The money raised from the issue will not go to the company but to the Government of India.

Confrontation caused by Chinese actions and mutual distrust: Army Chief Narwane

RailTel is the largest neutral telecom infrastructure provider in the country. The company was formed in September 2000. It has a 59,098 route kilometer optical fiber network that connects 5929 railway stations in the country by January 2021. Apart from this, other functions like ICT Services and Solutions, Line Services Leasing, TPaas, E-Office Services and Data Center Services, Large Network Hardware System Integration, providing software and digital services to companies and public sector banks including MPLS-VPN. Does. That is, the overall portfolio of the company is diversified.

RailTel operates through data centers in Gurugram, Haryana, Secunderabad and Telangana. The Ministry of Railways has also entrusted the company with the responsibility of Hospital Management Information System and e-office project Phase 3 project.

The company’s largest customer is Indian Railways. This will be the sixth IPO of this year. IPOs of Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft and Brookfield India Real Estate Trust have come so far this year.

ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets are the book running lead managers to the issue.

Tags: RailTel Corporation IPORailTel Corporation newsRailTel gMPRailTel grey market premiumRailTel IPORailTel IPO GMPRailTel IPO grey market premiumRailTel IPO newsRailTel IPO priceRailTel IPO price bandRailTel IPO sizeRailTel news
  • Trending
  • Comments
  • Latest
MP E Uparjan

MP E Uparjan 2021 | Farmer online registration, mpeuparjan.nic.in portal

February 27, 2021
sukanya-samriddhi-yojana-vs-lic-kanyadan-policy

LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana

March 2, 2021
What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

February 26, 2021
Amazon's logo was being trolled by saying Hitler's face, the company made changes once again after seeing opposition

Amazon’s logo was being trolled as Hitler’s face, the company made changes once again after seeing protest

March 1, 2021
RailTel IPO: Premium falls in gray market, should you still invest?

Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts

February 28, 2021
SBI Mutual Fund IPO: The country's largest mutual fund house will bring IPO to raise Rs 7,500 crore, know details

Fino Payments Bank to bring IPO of Rs 1200 crore, support of BPCL, ICICI and Blackstone to the company, know details of IPO

March 5, 2021
Gold Prices Today: 2016 के बाद एक महीने में सबसे अधिक गिरावट के बाद सोना आज संभला, चांदी भी चमकी

Gold entry in Bear Market, experts said – 10 grams gold price may fall to 41,500, know the reason

March 5, 2021
Nifty closed below 15000, Sensex lost 400 points, know the reasons that created pressure on the market

Nifty closed below 15000, Sensex lost 400 points, know the reasons that created pressure on the market

March 5, 2021
Anurag-Taapsee Pannu faces grudge, Phantom Films accuses him of Rs 650 crore tax fraud

Anurag-Taapsee Pannu faces grudge, Phantom Films accuses him of Rs 650 crore tax fraud

March 5, 2021
West Bengal Election: Mamta to sunday in Nandigram from March 9, still doubtful in the name of Suvendu

West Bengal Election: Mamta to sunday in Nandigram from March 9, still doubtful in the name of Suvendu

March 5, 2021

Recent News

SBI Mutual Fund IPO: The country's largest mutual fund house will bring IPO to raise Rs 7,500 crore, know details

Fino Payments Bank to bring IPO of Rs 1200 crore, support of BPCL, ICICI and Blackstone to the company, know details of IPO

March 5, 2021
Gold Prices Today: 2016 के बाद एक महीने में सबसे अधिक गिरावट के बाद सोना आज संभला, चांदी भी चमकी

Gold entry in Bear Market, experts said – 10 grams gold price may fall to 41,500, know the reason

March 5, 2021

Categories

  • Banking
  • Economy
  • Featured
  • Finance
  • General Insurance
  • Health Insurance
  • Insurance
  • Investment Plans
  • Latest News
  • LIC
  • Life Insurance
  • Market
  • Money
  • Mutual Funds
  • Property
  • Scheme
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Invest Policy

InvestPolicy.com is one of the leading companies when it comes to loans and card marketplace. Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort.

© 2021 Invest Policy. All Right Reserved.

No Result
View All Result
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
  • About Us
  • Contact Us

© 2021 Invest Policy. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In