RailTel Corporation of India IPO: Check IPO Details, Date, Price | Espresso


RailTel Corporation of India Limited IPO – Feb 16 to 18

February 11, 2021
RailTel Corporation of India Limited IPO – Feb 16 to 18

RailTel Corporation of India Limited is coming out with a fresh public issue to raise Rs 811 – 819 crores from the market.

Key details of the issue:

  • Issue opens – Feb 16 (Tuesday)
  • Issue closes – Feb 18 (Thursday)
  • Issue size – Rs 811 to 819 crores
  • Price band – Rs 93 to 94 per equity share
  • Employee reservation – Rs 4.7 crores

And here are some details of the company and further details on the RailTel Corporation of India Limited issue.

Company details:

RailTel Corporation of India Limited is an Information and Communications Technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report). The company is a Mini Ratna (Category-I) Central Public Sector Enterprise, wholly owned by the Government of India and under the administrative control of the Ministry of Railways.

The company was incorporated on Sept 26, 2000, with the aim of modernising the existing telecom system for train control, operation and safety and to generate additional revenues by creating nationwide broadband and multimedia network by laying optical fiber cable by using the right of way along railway tracks.

The company operates data centres in Gurugram, Haryana and Secunderabad (Telangana) to host and collocate critical applications for customers, including the Indian Railways. In addition to strategic and critical network infrastructure services, the company also undertakes various ICT projects for the Indian Railways, the Central government and state governments, including various train control system projects for Indian Railways.

The company’s portfolio of services can be broadly classified as follows:

  • Telecom Network Services
  • Telecom Infrastructure Services
  • Managed Data Center and Hosting
  • Services and Projects (System Integration Services)

The company’s operations are certified with various certifications, including ISO 9001:2015, ISO/IEC 20000-1:2018, ISO/IEC 27001:2013, ISO/IEC-27017:2015, ISO/IEC-27018:2019 and CMMI Maturity Level-4 for its quality management systems, service management systems and information security management systems, security techniques – code of practice for information security controls based for cloud services and security techniques – code of practice for protection of personally identifiable information in public clouds, respectively.

The company has a strategic relationship with the Indian Railways and it undertakes a wide variety of projects, including provision of mission critical connectivity services such as Video Surveillance System (VSS) at stations and within trains, e-Office services and implementing short-haul connectivity between stations and long-haul connectivity to support various organisations within the Indian Railways.

The company also undertakes various passenger services, including Content on Demand (CoD) services and WiFi across major railway stations in India.

Issue size:

Rs 811 – 819 crores

Employee Reservation:

5,00,000 equity shares (Rs 4.7 crores at the upper price band)

Issue break-up:

  • QIB – 50% of the offer – Rs 407 crores

  • NIB – 15% of the offer – Rs 122 crores

  • RET – 35% of the offer – Rs 285 crores




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