Finalized allocation for RailTel IPO share: How to check application status

According to the website of the issuing registrar the RailTel IPO share allocation, which was subscribed over 42 times, has been finalized. RailTel IPO applicants may check their allocation status on the KFin Technologies issue registrar website, which will manage the allocation and reimbursement of the shares, or on the BSE website. RailTel shares are likely to be listed on 26 February.

The pricing range of RailTel IPO was ₹93-94 per share. The government sells 27.16 percent of the shares of this IPO.

RailTel’s IPO was opened between 16 February and 18 February. The offer has received offers for 2,59,42,43,370 shares, compared with 6,11,95,923 offered shares. The retail segment has been signed more than 16 times by qualified institutional buyers (QIBs) 65.14 times and by 73.25 times by non-institutional investors.

The managers of the offer were ICICI Securities, IDBI Capital Markets & Securities Limited, and SBI Capital Markets.

RailTel raised ±244 crore from 14 anchor investors in advance of the IPO.

Many brokers had also recommended that the issue be subscribed.

“RailTel derives 66 percent of its revenue from the telecom segment, while the remaining part from the rail and other projects. When performing efficiently, RailTel could take advantage of 5G growth in India from a fabrication needs perspective, and would also play a key role in the digital transformation of railways.

“Since RailTel is a debt-free company and paying consistent dividends, there could be some traction, but for long-term investors, there are some red flags. Firstly, the company has delivered a single-digit revenue and a PAT CAGR of 7.5 and 2.5 percent respectively, from FY18 to FY20.

The RailTel Corporation of India, a central public sector company owned by the Government of India, is a provider of ICT infrastructure and one of the largest neutral telecom infrastructure suppliers in India, under the administrative control of the Ministry of Railway.

A neutral telecom provider is a third party that has little or no part in providing the end-user with Internet service, and that allows for multiple telecommunications providers to interconnect. RailTel also carries out a number of ICT projects for Indian Railways, Central and State governments.

The Nureca Limited IPO share allocation has been finalized. Private Ltd is the registrar for the issue and will manage the allocation and reimbursement of the shares. Investors can check on the Registrar or BSE website for the status of their application.

Rajat Singhhttps://bioinformaticsindia.com
Rajat Singh is the chief Author at Bioinformatics India, he has been writing for the past 3 years and has a special interest in SEO, Technology, Health, Life Sciences and gaming.

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