RailTel share price soars 27%; Steller listing, exceeds expectations

RailTel share price has soared on listing today. RailTel IPO listing happened on a strong note at Rs 109 today on NSE. RailTel shares see strong buying after getting listed. Analysts say dealers are saying that some funds and AMCs are buying into the stock. RailTel share price made a high of Rs 123.65 (up over 30%).

Zee Business Managing Editor Anil Singhvi said that this company is a slow compounder and investors should stay invested for the long term. RailTel IPO subscribed 42.39 times. RailTel IPO was subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18.
 

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RailTel services:

Telecom Network Services – It includes National Long Distance (NLD) Services and Internet Service Provider (ISP) Services.
Telecom Infrastructure Services – It includes Passive Infrastructure (IP-1) services.
Managed Data Center and Hosting Services – It includes data centre and managed hosting services, telepresence services (TPaaS) and security operations centre as a services (SOCaaS).
Projects (System Integration Services) – It includes ICT Hardware, Software and Service System Integration Projects, Digital Services and other services including consultancy services for ICT services and solutions and signalling services for the Indian Railways.