RailTel IPO subscribed 2.6 times on Day 1: 10 things to know
RailTel IPO is is entirely an offer-for-sale
The government will sell 87.15 million shares, or a 27.16% stake in this issue
The IPO of RailTel Corporation of India opened for subscription today to strong demand and the issue was oversubscribed in first few hours. The state-run company has fixed a price band of ₹93-94 a share for its initial share-sale. RailTel IPO will close on February 18. RailTel, which provides broadband telecom and multimedia network across the country, is one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track.
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