Subscribe to Railtel company of india: Different Equity Broking


Different Equity Broking has arrive out with its document on RailTel company of india. The study agency has counseled to ''Subscribe'' the IPO in its study document as on February 12, 2021.

Broker Analysis

February 15, 2021 / 05: 21 PM IST

Different Equity Broking IPO document on Railtel company of india

RailTel Corporation of India Ltd. (RailTel), a miniratna fully owned by the central authorities that provides telecom & data services to the public and non-public sectors is planning to capture as a lot as Rs. 8,200mn thru an IPO, which opens on 16th Feb. and closes on 18th Feb. 2021. The value band is Rs. 93 - 94 per fragment. • The blueprint back contains of OFS blueprint back only. Thus company will no longer accumulate any fund from the IPO.

Valuation and Outlook

On the opposite hand, pondering the futuristic service & whine plans of the IR and RailTel’s skill to monetize its existing sources thru subscription plans and co-sharing with non-public operators, we feel that fundamentals are optimistic for the company. Thus we build a “SUBSCRIBE” rating for the blueprint back.

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