RailTel IPO Details, Review Analysis

RailTel IPO
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RailTel IPO Details and Review

RailTel IPO Details, Review Analysis

Business Profile of RailTel

Being a Mini Ratna (Category- I), RailTel is wholly-owned by the Government of India and under the administrative control of the Ministry of Railways.

It was incorporated in the year 2000 to modernize the existing telecom system for train control, operation and safety. The PSU is also engaged in creating nationwide broadband and multimedia network by laying optical fiber cable using the right of way along railway tracks which generates additional revenue. RailTel IPO Details, Review Analysis

As of June 30, 2020, optical fiber network covered over 55,000 route kilometers and covered 5,677 railway stations across towns and cities in India. As per its DRHP, RailTel has data centers in Gurugram, Haryana Secunderabad and Telangana to host and collocate critical applications for customers including the Indian Railways. As part of its business, RailTel undertakes various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.

Key Features

  • Amongst the largest neutral telecom infrastructure providers with pan-India optical fiber network.
  • Diversified portfolio of services and solutions.
  • Experience in executing projects of national importance with a robust pipeline of projects.
  • Key partner to Indian Railways in digital transformation.

RailTel IPO Offer Details 

RailTel is about to launch an IPO amounting to Rs(x) crore. It would not receive any proceeds from the issue and it’s purely an offer for sale by the selling shareholders (Government of India).

Offer Details    
Gross offer (No fresh issue)To Be Updated
of which employee reservation portionTo Be Updated
Price BandTo Be Updated
Net offerUpto 8,66, 53,369 equity shares amounting to Rs (x) crore
of which
QIBUpto 43,326, 683 equity shares
NIIUpto 12,998, 006 equity shares
RetailUpto 30,328,680 equity shares

BRLM of the IPO

ICICI Securities

IDBI Capital

SBI Capital Markets Limited

RailTel IPO Registrar

KFin Technologies Pvt Ltd.

Open date of Issue: To be Updated

Close Date of Issue: To Be Updated

Financial Highlights

Financial Highlights  Amount in INR crore
ParticularsFY20FY19FY18
Total revenue1166.011038.271021.22
PAT136.06135.22131.90
Total Assets2398.102227.682322.88
Cash flow from operating activities173.3035.3940.88

Keep reading for further updates!

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CA Priyanka Choudhary Jain
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