RailTel Corporation of India Limited IPO

16th - 18th Feb 2021

Price Band

93 to 94

Issue Size

819.24 Cr

Face Value


Market Lot


About RailTel IPO

Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.

RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. As on 30 June 2020, it has covered an optic fiber network over 55,000 Km and 5677 railway stations. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.

RailTel Products and Services:

  • Telecom Network Services
  • Telecom Infrastructure Services
  • Data Center and Hosting Services
  • System Integration Services

Objects of the Issue:

The net proceed from the IPO will be used towards following purposes:

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

RailTel IPO Details

IPO Opening Date Feb 16, 2021
IPO Closing Date Feb 18, 2021
Issue Type Book Building Offer
Face Value ₹10 per equity share
IPO Price ₹93 to ₹94 per equity share
Market Lot 155 Shares
Min Orher Quantity 155 Shares
Listing At BSE, NSE
Issue Size 87,153,369 Eq Shares of ₹10 (aggregating up to ₹819.24 Cr)
Offer for Sale 87,153,369 Eq Shares of ₹10 (aggregating up to ₹819.24 Cr)

RailTel IPO FAQs

What is RailTel IPO?
RailTel IPO is a main-board IPO of 87,153,369 equity shares of the face value of ₹10 aggregating up to ₹819.24 Crores. The issue is priced at ₹93 to ₹94 per equity share. The minimum order quantity is 155 Shares. The IPO opens on Feb 16, 2021, and closes on Feb 18, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When RailTel IPO will open?
The RailTel IPO opens on Feb 16, 2021 and closes on Feb 18, 2021.
What is the lot size of RailTel IPO?
RailTel IPO lot size is 155 Shares and the minimum order quantity is 155 Shares.
How to apply for RailTel IPO?
You can apply in RailTel 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 SMC Global.
When RailTel IPO allotment?
The finalization of Basis of Allotment for RailTel IPO will be done on Feb 23, 2021, and the allotted shares will be credited to your demat account by Feb 24, 2021.
When is RailTel IPO listing date?
The RailTel IPO listing date is not yet announced. The tentative date of RailTel IPO listing is Feb 26, 2021.

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