[Live Updates] RailTel IPO: Listing Date, Share Price, Issue Date & Review | Subscription Status, GMP & Allotment Status

Short Info: रेलटेल कारपोरेशन ऑफ़ इंडिया लिमिटेड आई पी ओ सब्सक्रिप्शन स्टेटस, आईपीओ ग्रे मार्केट प्रीमियम, अलॉटमेंट स्टेटस 2021: RailTel Corporation of India Limited IPO Subscription Status, Grey Market Premium & Allotment Status (NSE & BSE India): Subscription Status of RailTel IPO, RailTel GMP & RailTel IPO Allotment Status | RailTel IPO Price, Timetable, Listing Date, Share Price, Issue Date, Lot Size & Review at Official Website www.nseindia.com,www1.nseindia.com & www.bseindia.com.

Short Article Details:
Name of Article RailTel
IPO Subscription Status Active
Article Published On 02/16/2021
Article Updated on  03/06/2021

Table of Content

Table of Contents

रेलटेल आई पी ओ: RailTel IPO Subscription Status, GMP, Issue & Listing Date, Share Price News Update

Latest News Update: RailTel IPO Subscription Status Today
  • RailTel IPO Allotment Status: Investors can check their IPO share allotment status of their applied shares on the website of IPO’s registrar and also through BSE’s website.
  • The initial public offer (IPO) of RailTel Corporation of India Limited was subscribed 42.39 times on the final day of subscription. The Rs 819-crore IPO of the telecom infrastructure provider received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
  • The Rs 820-crore RailTel Corporation initial public offer (IPO) was subscribed 42.4 times on the final day of the bidding process.
  • RailTel IPO subscribed 5 times on Day 2; Nureca IPO subscription closes
  • RailTel IPO subscribed 2.6 times on Day 1
  • Public sector company RailTel Corporation of India IPO is scheduled to open on 16 February.
  • The company will close its IPO on February 18 after being open for three days.
  • The share price of this IPO has been fixed at Rs 93-94.
  • The government will raise around Rs 819 crore from the IPO at the upper end of the bid.

RailTel IPO Subscription Status Live:

At 5:00 pm, the issue had received bids for 40,64,63,940 shares, which was 6.64 times the total issue size of 6,11,95,923 shares. The issue was subscribed 3.29 times on the first day of subscription on Tuesday.

RailTel IPO subscribed 42.39 times. The public issue subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18, 2021 05:00.

Category Subscription Status
Qualified Institutional 65.14 Times
Non Institutional 73.25 Times
Retail Individual 16.78 Times
Employee 3.35 Times
Others [.] Times
Total 42.39 Times

RailTel IPO Subscription Status 2021: Grey Market Premium & Allotment Status

Summary: From February 16, the public sector company RailTel Corporation of India IPO is opening. The IPO was opened to anchor investors on 15 February. The company will close its IPO on February 18 after being open for three days. The company said in a statement that the government is offering 8,71,53,369 equity shares in the Initial Public Offering (IPO) through Offer for Sale, which will hold 27.16 per cent stake.

Investors can bid for RailTel’s Rs 819 crore public issue at a price band of Rs 93-94 per share with a face value of Rs 10. Minimum application size for the issue has to be 155 equity shares, translating to a minimum application size of Rs 14,570. Overall, 8.7 crore equity shares are on offer through the IPO.

RailTel 2021 – Overview
Name of Article RailTel Corporation of India Limited IPO
in Language रेलटेल कारपोरेशन ऑफ़ इंडिया लिमिटेड
IPO Date February 16, 2021 to February 18, 2021
Issue Type Book Built Issue IPO
Issue Size 87,153,369 Equity Shares of Rs.10 totaling up to Rs.819.24 Crore
Fresh Issue 87,153,369 Equity Shares of Rs.10 totaling up to Rs.819.24 Crore
Face Value Rs.10 per equity share
IPO Price Rs.93 to Rs.94 per equity share
Market Lot 155 shares
Min Order Quantity 155 shares
Listing At BSE, NSE
Important Dates: RailTel Schedule
Event Dates
Bid/Offer Launch date February 16, 2021
Bid/Offer Last date February 18, 2021
Basis of Allotment finalization date February 23, 2021
Initiation of Refunds February 24, 2021
Credit of Shares to Demat Acct February 24, 2021
IPO Shares Listing Date February 26, 2021

RailTel IPO Subscription Details (Day by Day)

RailTel will hold 8,71,53,369 equity shares in its IPO. Out of this, 5 lakh equity shares are reserved for the employees of the company. In this way, the government will reduce its stake to 27.16 percent. At the same time, 50 percent of this issue is reserved for qualified institutional buyers.

RailTel IPO subscribed 42.39 times. RailTel IPO received bids for 16.78 times issue size in retail, 65.14 times issue size in QIB, and 73.25 times issue size in the Non-institutional category by Feb 18, 2021 05:00.

Date QIB NII Retail Employee Total
Feb 16, 2021 05:00 0.00x 0.75x 4.99x 0.81x 2.64x
Feb 17, 2021 11:59 2.96x 2.63x 10.55x 1.85x 6.64x
Feb 18, 2021 05:00 65.14x 73.25x 16.78x 3.35x 42.39x

RailTel IPO Subscription Status (Fully Subscribed)

The initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 7.6 times on its third and last day of bidding. The Rs 820-crore public issue at a price band of Rs 93-94 per share was subscribed 12.09 times by retail investors, 3.18 times in QIB category and 3.29 times in the NII category.

The Rs 820-crore initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 4.9 times on its second day of bidding. The public issue was subscribed 7.69 times by retail investors, 0.01 times in QIB category and 1.26 times in the NII category today.

State-run RailTel Corporation’s IPO worth Rs 820 crore was oversubscribed on Tuesday, the first day of the bidding process. At 5:00 pm, the issue had received bids for 16,13,74,220 shares, which was 2.6 times of the total issue size of 6,11,95,923 shares.

Category Day 1 Day 2 Day 3
QIB 0.00x 2.96x 65.14x
NII 0.75x 2.63x 73.25x
RII 4.99x 10.55x 16.78x
EMP 0.81x 1.85x 3.35x
Total 2.64x 6.64x 42.39x

RailTel IPO GMP – IPO Grey Market Premium Today

This IPO is seeing a surge in its gray market premium even before it opens. RailTel is trading at around 141 rupees in the gray market. That is, there is a jump of about 50 percent in premium from the price band. Whereas on February 11, it was trading up by 10-15 rupees. Whereas on February 11, it was trading up by 10-15 rupees. On February 9, it was trading above Rs 5-10.

RailTel IPO Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
17 Feb 2021 ₹16-17 ₹300 ₹2300-2500
12 Feb 2021 N/A ₹300 ₹4500

RailTel IPO Date & Price Band:

 IPO Open:  16 February 2021
 IPO Close:  18 February 2021
 IPO Size:  Approx ₹819 Cror
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹93 to ₹94 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity:  87,153,369 Shares

RailTel IPO Market Lot:

The lot size of this IPO is 155 equity shares. That is, you have to spend at least Rs 14,570, only then you can apply for this IPO.

Minimum Lot Size:  Minimum 155 Shares
Minimum Amount:  ₹14570
Maximum Lot Size:  Maximum 2015 Shares
Maximum Amount:  ₹189410

RailTel IPO Shares Offered

RailTel IPO is a public issue of 61,195,923 equity shares. The issue offers 30,328,680 shares to retail individual investors, 17,369,237 shares to qualified institutional buyers, 12,998,006 share to non-institutional investors.

Category Shares Offered
QIB 17,369,237
NII 12,998,006
Retail 30,328,680
Employee 500,000
Total 61,195,923

RailTel Allotment & Listing:

Basis of Allotment:  23 February 2021
Refunds:  24 February 2021
Credit to Demat Account:  25 February 2021
Listing Date:  26 February 2021

How to Subscribe for RailTel IPO?

For the IPO of RailTel, the company has fixed the price band from 93 to 94 rupees per share. Retail investors will be able to invest in this stock between 16 and 18 February. The company will issue approximately 8,71,53,369 shares through this IPO. The company has reserved 05 lakh shares for its employees. RailTel is preparing to raise about 819.24 rupees through this IPO.

You can apply in Brookfield India REIT IPO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

How to invest in RailTel using Zerodha app

  • Login to Zerodha Kite console.
  • Go to IPO section in Portfolio
  • Choose the IPO you want to apply for from the list.
  • Enter the UPI ID, bid details like price and quantity.
  • Now hit submit.

How to invest in RailTel using ICICI Direct app

  • Login to ICICIdirect.com.
  • Go to the IPO section in Trade & Invest.
  • Fill the bid details like price and quantity.
  • And hit submit once confirm the details.

How to invest in RailTel using Angel Broking app

  • Log in to Angel Broking apps
  • Hit on ‘More’ on the top menu.
  • Click on ‘IPO’ from the dropdown.
  • Select the RailTel and click the ‘Apply’ button.
  • Enter UPI ID, investor type, order quantity and price.
  • Click ‘Apply’ to place the IPO order

How to apply for the RailTel IPO?

Step 1- You can submit your online application and make the payment through any supported UPI application via brokerages.

Step 2- To be able to create a UPI ID, you need to download the BHIM app, or any other UPI enabled bank application, where you own an account.

Step 3- While filing for the IPO make sure you mention the correct UPI ID.

Step 4- And after filling the application, the subscriber can submit the same to its financial advisor or brokerage.

Step 5- A request for blocking funds will be sent to the subscriber on the UPI mobile application. The subscriber would need to enter the UPI PIN to approve the block mandate.

Step 6- The funds will get blocked in the subscriber’s bank account, and once the allotment is done, the money will be debited from the blocked sum.

How to apply for the RailTel IPO Online via Groww?

You can invest in RailTel IPO on Groww, via your UPI ID. Here’s how:

Step 1- Applicant needs to login to your Groww account on web and then go to https://groww.in/ipo.

Step 2- You will be able to see a list of open, upcoming and recently closed IPOs.

Step 3- Select RailTel IPO from the list of open IPOs If you are using the Groww app, then click on the stocks tab and scroll down to see the list of open IPOs.

Step 4- As you click on RailTel IPO you will be able to view important details such as issue size, price etc on the IPO Card.

Step 5- You can also read the Red Herring Prospects for detailed information about the objects of the offer, promoters etc.

Step 6- Once you have read all the important information, click on ‘Apply’.

Step 7- Next, enter the bid price and quantity. You can either enter the price manually or place the bids at cut off price.

Step 8- The quantity will be in multiples of the lot size only which is 10 shares in the case of RailTel. You can place upto 3 bids.

Step 9- Click on ‘Continue’ to proceed, once you have placed the bids.

Step 10- Enter UPI ID, verify bids and click on ‘Submit Bid‘.

Step 11- A request will be sent to your UPI app .

Step 12- Approve the mandate to confirm the order. Upon confirming, the highest bid amount will be blocked in your account and cannot be used for withdrawal.

Step 13- This amount will get unblocked in case you do not receive an allotment.

And that’s it! Your IPO application is complete! You can check the status of your IPO application on the sidebar. Any modifications or order cancellation can be done only till the time the IPO is open.

RailTel IPO Allotment Status Online

RailTel Allotment Status Online: Link Intime IPO Date and Time
RailTel IPO: RailTel’s IPO has received very good response. This IPO has been successful nearly 42.39 times. Allotment of this IPO is due in the coming week. In this case, you have invested money in this IPO, then you must be wondering whether you will get shares or not. Let us know the easiest way to check share allotment.

Allotment of shares under RailTel IPO will be on 23 February 2021. If you get shares, then shares will come in your account on February 24. If you do not get shares, then you will start getting your money back from February 24. The shares will be listed on February 26, after which you will be able to trade these shares.

How to check RailTel IPO Allotment status?

Here’s how to check RailTel IPO Karvy, Linkintime, KFintech, BSEIndia & NSEIndia allotment status: If you have bid for the Indian Railway Finance Corporation IPO, you can check your allotment status by following these simple steps:

To check on the stock-exchange website:

Procedure to check RailTel BSEIndia allotment status Online?

  • To check the RailTel IPO allotment status, go to the BSE website.
  • Select ‘Equity’ and then from the dropdown, select ‘RailTel’. Please note that the company will only appear once the allotment is done.
  • Now, enter your application number and PAN.
  • Click on ‘Search’.

Procedure to check RailTel NSEIndia Allotment status Online?

  • Investors can also check the status of the allotment on the BSE website NSE website.
  • Investors will have to select ‘equity’, and then the issue name as ‘RailTel’ from the drop-down list, when it gets declared.
  • After that enter application number and PAN (permanent account number).
  • In the last step, click on the search tab to view the status details.

How to Check RailTel allotment status at  ipo.alankit.com?

RailTel IPO: Here’s how to check your allotment status

how do you check how many shares you have been allotted? The procedure is simple, as mentioned below:

  • You can check the status of your bid here: ipo.alankit.com.
  • Choose RailTel as the name of the company from the drop-down menu and enter the application number or demat account number or PAN to check if you have got any allotment.
  • It is to be noted that the RailTel name will only be available in the drop-down menu after the allotment basis has been finalised.

How to check RailTel Linkintime allotment status?

You can also visit the Registrar website (Linkintime) to check your application status.

  • Visit the registrar’s website here.
  • Click on ‘Select company’ and click on RailTel Tech IPO. It will only appear post allotment on September 14.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.
  • Enter the captcha and click ‘submit’.

The application status will appear on the screen once you click ‘submit’ and if the details that you provided were correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you.

How to check RailTel Corporation of India share allotment status via KFintech Private Ltd website

KFin Technologies Pvt Ltd is the registrar to the issue, which is a SEBI-registered entity responsible for the IPO allotment and refund processing. The website has three links from where investors can view their allotment status.

Investors can check the allotment status on KFin Technologies website under ‘IPO Status’ section (https://ris.kfintech.com/ipostatus/) when it gets declared. After that select the IPO and enter either your application number or DPID/Client ID or PAN. In case of the application number box, select application type and enter the application number. If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID. If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit.

KFintech IPO Allotment Status Link 1

KFintech IPO Allotment Status Link 2

KFintech IPO Allotment Status Link 3

RailTel IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021

ABOUT IPO Date, Price, GMP, Review, Analysis & Details
RailTel IPO Subscription Status, Grey Market Premium & Allotment Status: RailTel IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021 – RailTel Corporation of India is a venture of Indian Railways. This information and communication technology provides the infrastructure. It is the largest neutral telecom infrastructure provider in India. The company was formed in September 2000. The company’s objective is to earn additional income by providing control operations, safety of trains and providing broadband and multi-media network facilities across the country. Let it be known that it works under the Railway Ministry.

The issue is an offer for sale for 87,153,369 equity shares in the price band of Rs 93-94. At the upper limit of this price band, the IPO is valued at 21.4 times PE on a FY20 trailing basis. Its enterprise value (EV) is four times the earnings before interest, tax, depreciation, and amortisation (Ebitda).

RailTel IPO Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.

Phone: 1-800-3454001
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

Company Promoters:

The President of India, acting through the Ministry of Railways is the promoter of the company.

Company Financials:

If we talk about the financial position of the company, then the total assets of the company were close to 2482 crore in the quarter ended September 2020. Apart from this, the company’s revenue was close to Rs 554 crore. The company’s profit was about Rs 46 crore.

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 24,821.50 23,981 22,276.75 23,228.79
Total Revenue 5,537.84 11,660.05 10,382.66 10,212.18
Profit After Tax 455.84 1,410.66 1,353.56 1,340.06

Objects of the Issue:

RailTel IPO Objects of the Issue
  • To carry out the disinvestment plan.
  • To achieve the benefits of equity share listing on the stock exchanges.

Key Things Before Investing in RailTel

Important Point about RailTel
>> The price band of this IPO has been fixed at Rs 93-94 per share.
>> Under this IPO, 8,71,53,369 shares will be sold through Offer for Sale.
>> The government plans to raise Rs 819.24 crore through the offer.
>> The lot size of the offer is 155 equity shares.
>> In this IPO you have to invest at least Rs 14,570.
>> Investors can bid for a maximum of 13 lot sizes.

RailTel IPO Subscription FAQs:

When RailTel IPO Subscription will start?

The IPO subscription starts on 16 February 2021 for QIB, NII, and Retail Investors.

How do I apply for the RailTel IPO?

You can apply for the RailTel using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

How to subscribe RailTel?

You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

When RailTel will be listed?

The RailTel IPO listing date is not yet announced. The RailTel IPO is planned to list on Feb 26, 2021, at BSE, NSE.

When RailTel date?

RailTel Timetable
IPO Opens On Feb 16, 2021
IPO Closes On Feb 18, 2021
Finalisation of Basis of Allotment Feb 23, 2021
Initiation of Refunds Feb 24, 2021
Credit of Shares to Demat Account Feb 24, 2021
IPO Listing Date Feb 26, 2021

How to check RailTel allotment status?

The RailTel IPO allotment status is expected on or around Feb 23, 2021. Visit RailTel IPO allotment status to check.

How do I check RailTel IPO live subscription?

One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.

How to apply in RailTel IPO through Zerodha?

Zerodha customers can apply online in RailTel IPO using UPI as a payment gateway. Zerodha customers can apply in RailTel IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in RailTel IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘IRFC IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Why I didn’t get allotment in RailTel IPO?

The reason you didn’t get the RailTel IPO could be:

  • IPO become oversubscribed and allotment process is completed through a lottery
  • The IPO application got rejected due to mismatch/incomplete information
  • The issue price is higher than the bid price. (Always apply on cut-off price).

Company Contact Information

RailTel Corporation of India Limited
Plate – A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India Phone: +91 11 2290 0600
Email: cs@railtelindia.com

Leave a Comment