RailTel Corporation (RailTel) IPO Last Date II Important news for investors - Deadline ends today

RailTel IPO subscription Last Date: RailTel Corporation IPO has been subscribed 6.64 times. The public issue subscribed 10.55 times in the retail category, 2.96 times in QIB, and 2.63 times in the NII category.

RailTel Corporation of India Limited (RailTel) initial public offer (IPO) has fixed the price band of Rs 93-94 per share. As this is an OFS, RailTel will not receive any proceeds from the offer and all the proceeds shall go to the Government of India. Today is the last day to subscribe for the issue. ICICI Securities, IDBI Capital, SBI Capital are the Book running lead managers of Railtel.

RailTel IPO: Incorporated in September 2000, RailTel is a Mini Ratna (Category I) Central Public Sector Enterprise, wholly owned by the Government of India and under the administrative control of the Ministry of Railways. The company is an Information and Communications Technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.

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RailTel is a key partner to the Indian Railways in digital transformation. RailTel provides a variety of services to the Indian Railways and is also working with the Indian Railways to transform railway stations into digital hubs by providing public Wi-Fi at railway stations across India.
 
RailTel plans to continue investing in expanding its network and deploying latest technologies to enable a high capacity next generation network. Its extensive network is a key differentiator and a key value proposition.
 
RailTel aims to further diversify its operations by providing services and solutions that have high market attractiveness. RailTel also intends to offer services selectively to countries other than India and leverage its existing technology to implement its capabilities in other countries.
 
Railtel portfolio of services can be broadly classified as:

Telecom Network Services National Long Distance (“NLD”) Services
Internet Service Provider (“ISP”) Services
Telecom Infrastructure Services
Managed Data Center and Hosting Services
Projects (System Integration Services)