RailTel IPO Details and Review
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.
- 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).
|Gross offer (No fresh issue)||To Be Updated|
|of which employee reservation portion||To Be Updated|
|Price Band||To Be Updated|
|Net offer||Upto 8,66, 53,369 equity shares amounting to Rs (x) crore|
|QIB||Upto 43,326, 683 equity shares|
|NII||Upto 12,998, 006 equity shares|
|Retail||Upto 30,328,680 equity shares|
BRLM of the IPO
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||Amount in INR crore|
|Cash flow from operating activities||173.30||35.39||40.88|
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