Railtel India is coming with an IPO from Feb 16, 2021 to Feb 18, 2021 with the price band of Rs.93 to Rs.94 per equity share with the face value of Rs.10 per equity share. The bid lot size is for 155 share with an issue size of roughly Rs.820 crores. The IPO is expected to be listed in NSE and BSE on Feb 26, 2021.
About Railtel Corporation IPO
Railtel Corporation of India Limited is an information and communications technology (“ICT”) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report). Company is a Mini Ratna (Category-I) Central Public Sector Enterprise, wholly-owned by the Government of India and under the administrative control of the Ministry of Railways. Company was incorporated on September 26, 2000 with the aim of modernizing the existing telecom system for train control, operation and safety and to generate additional revenues by creating nationwide broadband and multimedia network by laying optical fiber cable by using the right of way along railway tracks.
Company operate data centers in Gurugram, Haryana and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways. In addition to strategic and critical network infrastructure services, Company also undertake various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.
Companies portfolio of services can be broadly classified as below:
- Telecom Network Services
- Telecom Infrastructure Services
- Managed Data Center and Hosting Services
Companies operations is certified with various certifications including ISO 9001:2015, ISO/IEC 20000-1:2011, ISO/IEC 27001:2013, CMMI Maturity Level-3 and CMMI Maturity Level-4 for its quality management systems, information security management systems, and service management systems, respectively.
Company has a strategic relationship with the Indian Railways and it undertake a wide variety of projects including provision of mission critical connectivity services such as Video Surveillance System (“VSS”) at stations and within trains, ‘e-Office’ services and implementing short haul connectivity between stations and long haul connectivity to support various organizations within the Indian Railways. Company also undertake various passenger services including Content on Demand (“CoD”) services and Wi-Fi across major railway stations in India.
Promoters
The President of India, acting through the Ministry of Railways
Financials
Summary of financial Information
Important information about Railtel IPO
| IPO Opening Date | Feb 16, 2021 |
| IPO Closing Date | Feb 18, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 to ₹94 per equity share |
| Market Lot | 155 Shares |
| Min Order Quantity | 155 Shares |
| Listing At | BSE, NSE |
| Issue Size | ~Rs.820 crs. |
Important dates for Railtel IPO
| IPO Open Date | Feb 16, 2021 |
| IPO Close Date | Feb 18, 2021 |
| Basis of Allotment Date | Feb 23, 2021 |
| Initiation of Refunds | Feb 24, 2021 |
| Credit of Shares to Demat Account | Feb 24, 2021 |
| IPO Listing Date | Feb 26, 2021 |