RailTel Corporation IPO Over subcribed

Railtel corp IPO

RailTel, a “Mini Ratna (Category-I)” Public Sector Enterprise is an ICT and one of the largest telecom infrastructure providers in India, has gone for IPO by issueing 87,153,369 equity shares at face value of 10 rupees each worth of 37.16% percent of stake from today morning onwards with a expectation of 800+ crores of funds.

This public issue will end on February 18th and expected to overscribe. Allotment date 23rd February and subject listing on February 26th 2021

ICICI, SBI, IDBI acting as lead bankers and Kfintech Pvt ltd as Registrar for this Initial public offer(IPO).

For more details of prospectus with SEBI visit below link: Click here

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