Railtel IPO: RailTel Corporation of India is going to bring its IPO on 16 February. In this, you can invest money from February 16 to February 18. RailTel’s shares will be listed on both BSE and NSE indices.
New Delhi: Railtel IPO: Investors in the stock market are going to get another earning opportunity next week. If you have missed earning in the last IPO, then another bumper profitable deal is coming for you. RailTel Corporation of India, a state-owned company, is going to launch its IPO on February 16. In this, you can invest money from February 16 to February 18. RailTel’s shares will be listed on both BSE and NSE indices. Let us tell you about this IPO in detail-
Learn important things about IPO-
>> 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.
>> In this IPO you have to invest at least Rs 14,570.
>> Investors can bid for a maximum of 13 lot sizes.
How much was the company’s profit in the quarter of September 2020
If we talk about the financial position of the company, the total assets of the company in the quarter ended in September 2020 were close to 2482 crores. Apart from this, the company’s revenue was close to Rs 554 crore. The company’s profit was about Rs 46 crore.
Learn about the company
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.
Also Read: IT Refund: Income tax department sends 1.87 crore taxpayers to 1.91 lakh crore
Will be the sixth IPO of this year
This will be the sixth IPO of the year 2021. Let me tell you that IPOs of IRFC, Indigo Paints, Home First Finance, Stove Craft and Brookfield India Real Estate Trust have come so far. On February 15, the IPO of Nureka Limited is set to come.
immediately, according to the money control news, the company has data centers in Gurugram in Haryana and Secunderabad in Telangana, Through the company provides its services. For the IPO, the company ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets are the book running lead managers to the issue.
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