RailTel IPO allotment diagram: Right here is the manner to envision your shares

By: Specific Internet Desk | New Delhi |

Up previously: February 22, 2021 3: 59: 10 pm

Railtel, RailTel Corporation of India(Image offer: Railtel India web situation)

RailTel IPO allotment diagram: The preliminary public offering (IPO) of RailTel Corporation of India changed into once met 42.39 times subscription over the 6.11 crore shares equipped for the duration of the subscription duration from February 16-18, 2021. The value band changed into once fastened at Rs 93-94 per portion.

The RailTel purchased bids of over 259.42 crore (2,59,42,43,370) shares against the total subject size of over 6.11 crore (6,11,95,923) shares, records accessible with the Nationwide Stock Alternate (NSE) showed.

The licensed institutional traders (QIBs) class changed into once subscribed 65.14 times, non institutional traders 73.25 times and retail particular person traders (RIIs) 16.78 times.

The RailTel IPO is fully a proposal-for-sale (OFS) in which govt will offload over 8.71 crore (8,71,53,369) equity shares, as per the details given in the crimson herring prospectus.

The company is without doubt one of many supreme neutral telecom infrastructure providers in the nation, proudly owning an optical fibre community on the true of manner alongside the railway tracks.

Investors are genuinely having a take a seat up for the portion allotment date of the RailTel IPO. The company will finalise the allotment of shares on Tuesday, February 23, 2021. Whenever you happen to procure applied for the RailTel IPO, then here is tricks on how to envision the diagram of your allotment when it gets declared:

  • The allotment diagram will catch updated on the uncover situation of the registrar of the IPO, which on this case is KFin Technologies (Click on here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants will must make an growth “RailTel Corporation of India Diminutive” in the fall-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is confirmed in digits) and click on on Submit to procure a examine their allotment diagram.
  • Other than the registrar’s web situation, applicants would possibly possibly possibly take a look at the diagram of their allotment on the uncover situation of the BSE (Click on here: https://www.bseindia.com/traders/appli_check.aspx). Right here, they'll must make an growth Equity in Affirm Form, then plan discontinuance “RailTel Corporation of India Diminutive” from the fall-down list in the Affirm Name share, enter their Application Number and PAN Number in the respective boxes and then click on search to procure a examine their diagram.

The itemizing of shares of RailTel is likely to happen on February 26, 2021, on both the NSE and BSE. The topic size of the IPO changed into once Rs 819.2 crore. Earlier than heading into the IPO, the company raised Rs 243.99 crore from its anchor traders.

ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets had been the managers to the offer.

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