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    Railtel IPO : Impressive listing
    February 26, 2021 admin 10 comment
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    Railtel IPO,Chanakyanipothi.com is India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 20 Years

    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
    Railtel  IPOGMP 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
    Railtel  IPO
    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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    10 Comments on “Railtel IPO : Impressive listing”

    1. Kaps February 24, 2021 at 11:26 pm

      Listing estimate?

      Reply ↓
    2. Ranjan February 22, 2021 at 2:45 pm

      Discount listing in cards! Pray for no allotment.

      Reply ↓
    3. TinkerbeLL February 18, 2021 at 5:40 pm

      *RAILTEL CORPORATION*
      *FOR HNI/NII GET 1 CONFIRM LOT OF 155 SHARES*
      IF THEY HAVE MADE A BID OF 11,354 SHARES
      (RS. 10,67,276/-) & MORE
      Interest cost @7% (7 Days) for each share Rs 10/- only
      *LISTING ABOUT = 94+10 = ₹ 104/- and more*

      Reply ↓
    4. TinkerbeLL February 18, 2021 at 5:38 pm

      *RAILTEL CORPORATION*
      *FINAL SUBS.FIGURE*
      QIB 65.29X**
      NII 73.25X
      RII 16.78X
      EMP 3.35X
      *OVERALL 42.42X*
      **Excluding Anchor
      Total No.of RET.FORMS : 23,79,717
      *Apps Wise : 12.16X*

      Reply ↓
    5. chanchal February 17, 2021 at 12:57 pm

      what is the current rate of railtel ipo 17feb 2021. will this gain good marzin in future?

      Reply ↓
    6. shantanu February 16, 2021 at 11:10 am

      Railtel ipo Gmp is Rs 45.

      Reply ↓
    7. Kamlesh Jain February 14, 2021 at 11:33 am

      Nazara pre ipo shares available at 1275 minimum 50 shares.. ipo coming in next 1 month..contact kamlesh jain on 9 9 87 4 -4 95 61

      Reply ↓
    8. irrelevant February 11, 2021 at 3:19 pm

      Railtel Corporation of India IPO
      My Estimates of oversubscription:

      NII = 46.50K Crs. = 380.58 Times
      RII = 25.00L Forms = 12.78Times Application wise (Avg allotment of 12.44 shares per lot)

      Interest cost @6.50%p.a. for 7 days = 11.72paise for 1 Time

      NII the costing = 380.58 X 11.72paise = Rs.44.60 per share (= GMP)

      RII the costing = 12.44 X 44.60 = Rs.555/- (= Kostak)

      Railtel Corporation of India IPO
      My Estimate of GMP
      GMP 45 +/- 1
      Kostak 550 +/- 10

      Reply ↓
    9. Ranjan February 8, 2021 at 12:47 am

      Is this good ipo to apply? I got IRFC ipo after long time which is still in discount,

      Reply ↓
      1. admin Post authorFebruary 8, 2021 at 7:39 am

        We have to wait for the price band and then we can decide whether it is good or not. You must hold IRFC .For Railway, in this budget there is huge capital budget and it will be funded by external resources raised by IRFC and its profits will show strong uptrend and also its price

        Reply ↓

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