Invest Policy
No Result
View All Result
Monday, March 8, 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 IPO: Premium falls in gray market, should you still invest?

RailTel IPO: Surprisingly, in the gray market, where unlisted shares of RailTel were trading at a premium till a few days ago, now they have fallen.

by InvestPolicy
February 18, 2021
in Market
0
RailTel IPO: Premium falls in gray market, should you still invest?
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

RailTel IPO: RailTel Corporation of India IPO was opened on 16 February and closed on 18 February. So far the retail portions of the issue have been subscribed 11 times. The government is set to raise Rs 820 crore by selling its 27 per cent stake in the company. All this money will go to the government, the company will not get anything from it.

Surprisingly, where RailTel’s unlisted shares were trading at a premium till a few days ago, they have now fallen. Analysts are positive about the issue as it is a mini Ratna company and has no debt. Also, the company has been continuously paying dividends. Experts say that the IPO of the company is at a valuation of 21.4 P / E according to the upper band of the price band of 93-94 rupees.

According to ET, Abhay Doshi, a trader from Gujarat who keeps an eye on the gray market, said that RailTel is trading at a premium of only Rs 12-14 on February 18 in the gray market. Whereas till a few days ago it was 47 rupees.

The company’s prospects are good, but the sentiment has changed as QIB and HNI lose interest.

As of 17 February, RailTel’s IPO was subscribed 6.55 times. It has bid 10.55 times the retail quota. On the other hand, Qualified Institutional Buyers (QIB) has subscribed 2.97 times. The non-institutional investor’s category has subscribed 2.63 times. Reserve portion is subscribed 1.85 times for employees. RailTel’s premium in the gray market is still 13-15 per cent above the IPO price band.

IPOs of 2020: 4 offers double the issue price, 9 shares race 10-50%, what should be the strategy now

  • 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
This photo is from the year 2019.

Congress-CPI rally in Bengal tells old photo viral with wrong claim

March 1, 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
HDFC also reduced interest on home loan after SBI, know which bank is giving how much discount

Womens Day: Maharashtra government’s gift to women homebuyers, 1% stamp duty cut

March 8, 2021
Women got power, got freedom, let's know what the figures say

Women got power, got freedom, let’s know what the figures say

March 8, 2021
Gold Prices Today: Spot gold prices rise marginally, futures gold falls marginally, know the latest price of gold and silver

Gold Prices Today: Silver foil, gold slipping to 9-month minimum level, know what gold and silver prices are today

March 8, 2021
PM Modi to be chief guest on completion of 50 years of Bangladesh independence, tour to begin from March 26

PM Modi to be chief guest on completion of 50 years of Bangladesh independence, tour to begin from March 26

March 8, 2021
Bad loan pressure may increase on Indian banking sector - Fitch

Bad loan pressure may increase on Indian banking sector – Fitch

March 8, 2021

Recent News

HDFC also reduced interest on home loan after SBI, know which bank is giving how much discount

Womens Day: Maharashtra government’s gift to women homebuyers, 1% stamp duty cut

March 8, 2021
Women got power, got freedom, let's know what the figures say

Women got power, got freedom, let’s know what the figures say

March 8, 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