RailTel 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, laying optical fiber cable using the right of way along railway tracks. Presently, optic fiber network of RailTel covers over 58,742 route kilometers and covers 5,848 railway stations across towns and cities in India.
Railtel IPO Details
| IPO Opening Date | 16th February, 2021 |
| IPO Closing Date | 18th February, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| Market Lot Size | 155 Shares |
| Minimum Order | 1 Lot (155 Shares) |
| Issue Size | 87,153,369 Eq Shares of ₹10 |
| Offer for Sale | 87,153,369 Eq Shares of ₹10 |
| RailTel IPO Registrar | KFintech Private Limited |
| Listing at | NSE, BSE |
Railtel IPO Lot Size
Retail individual investors can apply for Railtel IPO for the following minimum and maximum lots.
| Railtel IPO | Lots | Shares | Amount @ Cut-off Price |
| Minimum Lots | 1 | 155 | ₹14,570 |
| Maximum Lots | 13 | 2015 | ₹1,89,410 |
RailTel IPO Important Dates
| IPO Open Date | 16th February, 2021 |
| IPO Close Date | 18th February, 2021 |
| Allotment Date (Tentative) | 23rd February 2021 |
| Initiation of Refunds (Tentative) | 24th February 2021 |
| Credit of Shares in Demat Account (Tentative) | 24th February 2021 |
| IPO Listing Date (Tentative) | 26th February 2021 |
RailTel Company Contacts
RailTel Corporation of India Limited
Plate – A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Tel: +91 11 22900600
Fax: +91 11 22900699
Website: https://www.railtelindia.com/
Company Secretary & Compliance Officer:
cs@railtelindia.com
RailTel IPO Registrar & Transfer Agent
| Name: | Kfin Technologies Private Limited |
| Address: | Selenium, Tower B, Plot No- 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi – 500 032 ,Telangana, India. |
| Tel: | +91 40 6716 2222 |
| Toll free number: | 18004258998 / 18003454001 |
| E-mail: | railtel.ipo@kfintech.com |
| Investor grievance e-mail: | einward.ris@kfintech.com |
| SEBI Registration No.: | INR000000221 |
| Website: | www.kfintech.com |
RailTel IPO – Red Herring Prospectus
Frequently Asked Questions about RailTel IPO.
When RailTel IPO will open?
Railtel IPO will open on 16th February 2021. The last date to participate in this IPO is 18th February, 2021.
When will RailTel IPO shares will get allotted?
Railtel IPO tentative allotment date is 23rd February 2021. Refunds to subscribers will be initiated by 24th February 2021 (tentatively.) and credit of shares in Demat account will be done by 24th February.
When will RailTel IPO shares get listed?
Rail Tel IPO shares will get listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India on 26th of February 2021.
Where can I check RailTel IPO Allotment?
You can check the status of your RailTel IPO Allotment on the regisrar website at https://kcas.kfintech.com/ipostatus/