RailTel IPO: After a resounding response to its IPO for investors, the IPO share allotment is expected to be finalized in the coming week on behalf of state-owned Information and Communication Technology Infrastructure Provider Railtel (Railtel) Corporation of India. The finalization of the IPO basis of the allotment will take place on 23 February and as per the schedule given in the prospectus, the shares will be deposited in the Elimitable Investors’ Demat account around 24 February.
At the same time, investors whose shares will not be received, their money will be returned on February 24. While shares will start trading from 26 February. If you too had subscribed to Railtel’s IPO, you can check your IPO share allotment status in easy step on the website of the IPO registrar https://kcas.kfintech.com/ipostatus/.
1- After reaching the site, select IPT (RailTel Corporation of India).
2- If you select the application number, select NON-ASBA or ASBA and fill the application number, select NSDL / CDSL in DPID / Client ID case and enter DPID and Client ID, PAN. In case of, enter PAN number.
3- Then just enter the number given in green color just above the captcha box and click on submit button to know the IPO share allotment status.
Apart from this, you can also see the allotment status on the BSE website. Enter the issue type (equity) and issue name (RailTel Corporation of India), application number and PAN number and finally click on the search button to know the IPO allotment status.
Explain that after IRFC IPO, RailTel Corporation, the second public issue from Government of India, was subscribed 42.4 times during February 16-18, 2020. The IPO of Rs 819 crore was a complete offer for sale by the government and a part of the disinvestment program scheduled for FY 2121.