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Railtel IPO Listing Estimate :
After strong rally of last two sessions, today when RailTel IPO is going to list, the market is expected to see profit booking and correction , which may affect the listing price to some extent. The scrip offered at Rs. 94 is expected to list at around  Rs. 105 and then may witness profit booking. The medium to long term investors may continue to retain the share for higher gains.

Listing : The scrip listed at Rs. 109 at NSE and at Rs. 105 on BSE and during the session moved up to Rs. 127.85

Railtel IPO GMP Today#
on 26 Feb 2021
GMP Rs. 14/17
Application :Rs.  no trades
Subject to Rates : Rs. No Trades
GMP Past trend is given at bottom of the this Page

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Railtel IPO Subscription
on Day 3(on 18.02.2021 at 5.00 pm )
QIB : 17,369237 shares : 65.29 T
NII : 12998006 Shares : 73.25 T
RII : 30328680 Shares  : 16.78 T
Tot : 61195923 Shares :42.42 T

Railtel IPO Company Details
Railtel Corp is an information and communications technology (“ICT”) infrastructure provider and are one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report). It 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. The Company 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.
As of June 30, 2020, its optic fiber network covers over 55,000 route kilometers and covers 5,677 railway stations across towns and cities in India. The transport network is built on high capacity dense wavelength division multiplexing (“DWDM”) technology and an Internet protocol/ multi-protocol label switching (“MPLS”) network over it to support mission critical communication requirements of Indian Railways and other customers.
Railtel Corp operates 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, it also undertakes various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.
It offers a diverse range of services across industries.
1) Telecom Network Services
2) Telecom Infrastructure Services
3) Managed Data Center and Hosting Services
4) Projects (System Integration Services)

Its operations are 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.
Railtel Corp has a strategic relationship with the Indian Railways and it undertakes 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. It also undertakes various passenger services including Content on Demand (“CoD”) services and Wi-Fi across major railway stations in India.

Some of the qualitative factors and our strengths which form the basis for the Offer Price are:
* Among the largest neutral telecom infrastructure providers in India with pan-India optic fiber network
* Diversified portfolio of services and solutions
* Key partner to the Indian Railways in digital transformation
* Experience in executing projects of national importance with a robust pipeline of projects
* Strong track record of financial performance
* Professionally managed with strong corporate governance and senior management team with significant industry experience

The promoters of Railtel Corporation Of India Ltd:
The President of India Acting through The Ministry of Railways, Government of India

Railtel IPO Main Objects
The objects of the Railtel IPO are:
(i) to carry out the disinvestment of [?] Equity Shares by the Selling Shareholder and
(ii) to achieve the benefits of listing the Equity Shares on the Stock Exchanges

RailTel IPO Particulars 

Railtel IPO Opens on : 16 Feb 2021
IPO Closes on : 18 Feb 2021
Issue Type: Book Built Issue IPO
Issue : Up to 87153369 Equity Shares aggregating up to Rs 819.24 Cr
Of which:
Employee Reservation Portion Up to 500,000 Equity Shares
aggregating up to Rs 4.70 Cr
Net Offer Up to 8,66,53,369 Equity Shares
aggregating up to Rs 814.54
Cr
Issue Size Rs. 693.226 Crore
Face Value per share : Rs. 10
Railtel IPO Price Band Per Equity Share: Rs. 93-94
Discount of Rs. nil to eligible employee of the Company
Railtel IPO Lot Size 155 Shares
Railtel IPO Listing at: BSE,NSE
Shares offered to
QIB (50%) 43,326,685 Shares = Rs.407.27 Cr
NII (15%)12,998,005 Shares = Rs 122.18 Cr
RII (35%) 30,328,679 Shares = Rs 285.09 Cr
Lot size: 155 Shares = 195668 Forms
Equity Shares outstanding prior to the Offer 320,938,407 Equity Shares
Equity Shares outstanding after the Offer 320,938,407 Equity Shares

Railtel IPO Tentative timeTable
Railtel IPO Price Band announced on 11 Feb 2021
Railtel IPO Anchor List
Railtel IPO Opens on 16 Feb 2021
Railtel IPO Closes on 18 Feb 2021
Railtel IPO Allotment Date : 23 Feb 2021
Unblocking of ASBA 24 Feb 2021
Credit to Demat Accounts 24 feb 2021
Railtel IPO Listing date: 26 Feb 2021

Railtel IPO Financial Details & Ratios
Earnings per Share 2019-20 Rs 4.40
Earnings per Share 2018-19 Rs 4.42
Earnings per Share 2020-21(6M) Rs 1.42

Book Value of the Share as on 31.03.2020 Rs 42.67
Return on Net Worth: 19-20 10.30 %
Return on Net Worth: 18-19 10.50 %
Return on Net Worth: 20-21(6M) 3.27% %

Upper Price Band/last EPS: 21.36
Upper offer price/Book Value Ratio: 2.20

Peer Comparison:
Not applicable as there are no listed companies in India that engage in a business similar to that of our Company.

Railtel IPO Lead Managers:
ICICI Securities Limited
IDBI Capital Markets & Securities Limited
SBI Capital Markets Limited

Railtel IPO Registrar to the issue :
KFin Technologies Private Limited

Registered Office of Railtel Corporation Of India Ltd:
Plate – A, 6th Floor,
Office Block, Tower-2,
East Kidwai Nagar,
South Delhi,
New Delhi 110023,
India
Contact Person:
Jasmeet Singh Marwah,
Company Secretary and Compliance Officer

Railtel IPO Grey Market Trend
on 24 Feb 2021 @ 6.30 pm
GMP Rs. 13/16
on 24 Feb 2021 @ 12.00 noon
GMP Rs. 10/12
on 23 Feb 2021 @ 6.30 pm
GMP Rs. 12
on 22 Feb 2021 @ 7.00 pm
GMP Rs. 10 ( No volume)
on 20 Feb 2021 @ 7.00 pm
GMP Rs. 12 ( Thin  volume)
on 19 Feb 2021
GMP Rs. 17/19 ( after moving to Rs. 22)
on 18 Feb 2021 @ 6.00 pm
GMP Rs. 17 ( after moving to Rs. 22)
on 18 Feb 2021 @ 12.00 noon
GMP Rs. 12
on 17 Feb 2021 @ 4.50pm
GMP Rs. 10 seller
on 16 Feb 2021 @ 7.00pm
GMP Rs. 15
on 15 Feb 2021 @ 7.30 pm
GMP Rs. 30 Sellers
Application :Rs. 400 but no trades
Subject to Rates : Rs. 2500
on 13 Feb 2021 @ 6.00 PM
GMP Rs. 45
Application :Rs. 400
Subject to Rates : Rs. 4500
on 12 Feb 2021 @ 5.00 pm
GMP Rs. 47
Application :Rs. 450
Subject to Rates : Rs. 5000
on 11 Feb 2021 @2.40 pm
GMP Rs. 38-40
Application :Rs. 400
Subject to Rates : Rs. 4500

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