RailTel IPO listing date: Share price jumps 16% above issue price on market debut

RailTel IPO listing date: Shares of state-owned RailTel Corporation of India Ltd opened nearly 16% higher than the issue price in their market debut on Friday.

RailTel IPO listing date: Share price jumps 16% above issue price on market debut
RailTel IPO listing date: Shares of state-owned RailTel Corporation of India Ltd opened nearly 16% higher than the issue price in their market debut on Friday. Source: PTI

RailTel IPO listing date: Shares of state-owned RailTel Corporation of India Ltd opened nearly 16% higher than the issue price in their market debut on Friday.

Shares of the company, which provides telecom infrastructure and internet services along India`s railway tracks and at railway stations, opened at 109 rupees in pre-open trade, after raising 8.19 billion rupees ($112.01 million) in an initial public offering.

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($1 = 73.1210 Indian rupees)

(Reporting by Anuron Kumar Mitra in Bengaluru)
 

 

The story has been taken from a news agency

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11:51 AM IST
Reuters
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