RailTel Corporation has debuted at Rs 104.60 on the BSE, up by 10.60 points or 11.28% from its issue price of Rs 94.
The scrip is currently trading at Rs. 119.55, up by 25.55 points or 27.18% from its issue price. So far 80.68 lakh shares were traded on the counter.
The offering, which was open for subscription between February 16, 2021 and February 18, 2021, saw qualified institutional buyers (QIBs) subscribing 65.14 times the quota limit. Non-institutional investors bade 73.25 times, while retail individual investors (RIIs) bade 16.78 times the quota limit. The issue price was fixed at Rs 94 per share i.e. at upper end of price band of Rs 93-94 apiece.
RailTel Corporation a ‘Mini Ratna (Category-I)’ PSU 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. The company provides broadband telecom and multimedia network across the country.
