RailTel Corporation of India makes tepid debut, lists at 16% premium at over issue price
The government-run RailTel Corporation has raised around Rs 819 crore via IPO that witnessed subscriptions 42.4 times between February 16-18.
The government-run RailTel Corporation has raised around Rs 819 crore via IPO that witnessed subscriptions 42.4 times between February 16-18.
The total size of the offer was Rs 819.24 crore at the upper price band of Rs 94 per share.
The total size of the offer is Rs 819.24 cr at the upper price band of Rs. 94 per share.
Railtel’s offer will comprise of 8.71 crore shares of face value of Rs 10 each.
The issue consists an offer for sale of 8,66,53,369 shares and employee reserved portion by the Government of India.
The last date to submit the proposals is November 28. DIPAM, RAILTEL and the BRLMs (Book Running Lead Managers) will be incurring ad agency’s expense.
