RailTel IPO closes today

RailTel Corporation of India IPO opened for subscription on Feb 16, 2021 and is all set to close down on today i.e., Feb 18, 2021. The initial offer of Rs. 819 crore has been subscribed 19.5 times as it received bids for Rs. 119.3 crore equity shares against the issue of Rs. 6.11 crore which are available for subscription.

The portion of qualified institutional buyers has been subscribed 26.9 times while non-institutional investors portion was subscribed 21.4 times, retail investors was subscribed 14.72 times and reserved portion for employees was subscribed 2.37 times.

RailTel IPO is a part of complete offer of sale of more than Rs.8.71 crore equity shares by the Indian Government. The IPO opened for public does not include the book portion of Rs. 244 crore which it received from Anchor Investors at the price band of Rs.94-95 per equity share on Feb 15.

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