RailTel Corporation of India IPO got 42.39 times bids. Railway has so far had 6 IPOs and among them retail investors had the highest participation in RailTel’s IPOs. If you have also bid, then check allotment status like this.
RailTel’s IPO had received bids more than 42 times. Highlights: RailTel’s IPO got 42.39 times bids Allotment of shares expected on February 23 RailTel shares will be listed on 26 February
The initial public share issue (IPO) of RailTel Corporation of India, a state-owned company of the New Delhi Telecom Infrastructure sector, received 42.39 times bids. Railway has so far had 6 IPOs and among them retail investors have been the largest contributor to RailTel’s IPO. Allotment of shares under RailTel IPO is expected on 23 February 2021.
If you have also applied for this IPO, then you will know on the same day whether you have received the allotment or not. If you get shares, then shares will come in your account on February 24. If you do not get shares, then your money will start getting back from February 24. RailTel’s shares will be listed on February 26, after which you will be able to trade these shares.
Check your allotment status in this way, you can check the status of your application on the website of KFin Technologies or BSE. For this you can go to this link https://kcas.kfintech.com/ipostatus/. After this, here you have to select RailTel Corporation of India IPO. After this, you enter your application number. After this you have to enter PAN number or ID number or application number or client ID and DPID. After this, insert the captcha given here. After submitting captcha, you will be able to see IPO share allocation status.
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How to check on BSE website, for this you first go to BSE website https://www.bseindia.com/investors/appli_check.aspx. Select Equity here. After this, select RailTel Corporation of India. After entering the application number, PAN number, you have to click. After which you will be able to see your IPO allotment status.
subscribed 42.39 times IPO RailtelIt was open between 16 and 18 February and received 42.39 times bids. It subscribed 65.14 times in the category of Eligible Institutional Buyers (QIBs), 73.25 times in the Non-Institutional Investors category and 16.78 times in the Retail Individual Investors (RII) category. The price band was kept at Rs 93-94 per share. The company raised Rs 244 crore from 14 anchor investors before the IPO. The size of this IPO is Rs 819 crore. Through this, the government will reduce its stake to 27.16 percent. Its listing is expected to be on the stock market on February 26, 2021.
