Hello Readers! 

In the month of January, we saw a number of companies announcing their new IPO. There were constant IPOs being launched. Well, the next IPO on this list has already been scheduled. This IPO has been announced by RailTel Corporation of India Limited. The opening date of this IPO is on 16th February 2021, and the closing date listed is on 18th February 2021.

Here are the necessary details listed, related to the new IPO of RailTel Corporation of India, you must have a look!


RailTel Corporation Of India Limited IPO Details!

  • IPO Opening Date- 16th February 2021
  • IPO Closing Date- 18th February 2021
  • IPO Price- Rs 93 to Rs 94 per Equity Share
  • Face Value- Rs 10 per Equity Share
  • Market Lot- 155 shares
  • Min Order Quantity- 155 shares
  • Listed At- BSE, NSE
  • Issue Type- Book Built issue
  • Issue Size- 87,153,369 Equity Shares of Rs 10 totaling up to Rs 819.24 Crore
  • Fresh Issue- 87,153,369 Equity Shares of Rs.10 totaling up to Rs.819.24 Crore


About The Company- RailTel Corporation Of India!

RailTel Corporation Of India Limited is an Information and Communications Technology (ICT) Infrastructure provider with the largest neutral telecom infrastructure in India. It is a Mini Ratna Central Public Sector Enterprise that is completely owned by the Government of India and runs and managed by The Ministry Of Railways.

The company was started with the aim to modernize the existing railway system for better train control, operation, and safety. This all will help generate additional revenues by creating nationwide broadband and multimedia network by laying optical fiber cable by using the right of way along the railway tracks.


Services Offered By RailTel Corporation Of India!

Its Telecom Network Services include:

  • National Long Distance (NLD) services. The company offers leased line services and MPLS-based virtual private network (VPN) facilities.
  • ISP services. The company offers internet-based line services with varying bandwidth options. It also offers broadband services to retail customers via its Rail Wire platform.

Telecom Infrastructure Services include power storage, cooling, and physical security networking equipment and servers of the company’s customers. It also connects them with various telecom network service providers.

RailTel does offer space on microwave towers for collocating base transceiver stations (BTS) for telecom operators, small cell sites for extending their mobile coverage, and space for collocating mobile switching centers. Lastly, it provides single-core dark fiber for transmission of digital video signals to multiple system operators for distributing cable.

RailTel also provides a data center and managed to host services that include:

  • Infrastructure services, dedicated hosting, cloud computing, disaster recovery services, managed e-office service, Aadhaar authentication service, and other IT-related services like load balancing, application hosting, and advanced firewall service, etc.
  • Telepresence service that offers high-definition, end-to-end, secure hosted multi-tenant video conferencing facility bundled with required bandwidth as a service.

RailTel also offers System Integration Services that includes:

  • ICT Hardware, Software, and Service System Integration
  • Digital services like unified communications, Wi-Fi as a service, e-tendering/ e-auction/ smart payments, and disaster management services.
  • Consultancy for ICT services


Stay Connected for more details on the IPO! 

For any kind of query you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.


Happy Investing!


(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).