[Ministry of Railways-owned RailTel will launch its IPO on February 16 this year. The share sale, which will end on February 18, will be priced at Rs 93 to Rs 94 per equity share. The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 shares or Rs 189,410).
RailTel Corporation of India’s Rs 819.24 crore initial public offer is a complete offer for sale of 8,71,53,369 equity shares by the government.
A Mini Ratna (Category-I) Central Public Sector Enterprise, RailTel was wholly-owned by the Government of India & under the administrative control of the Railways. As per reports, the IPO was oversubscribed by 42 times and the equity shares were listed on the stock exchanges on February 26, 2021.
J Sagar Associates advised
Crawford Bayley advised
2021-03-11
Deal value: INR 8,192.42 million (USD 110 million approx)
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.