NEW DELHI: RailTel Corporation of India, which concluded its initial public offering (IPO) last week, made a stunning stock market debut on Friday, February 26, 2021.
The shares of the company got listed at Rs 109 on NSE, a 15.96 per cent premium over its issue price of Rs 94. On BSE, the shares got listed at Rs 104.60, up 11.28 per cent.
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RailTel’s IPO opened on February 16 and closed on February 18. The IPO received great demand from all categories of investors and was subscribed more than 42 times.
The total size of the offer was of Rs 819.24 crore at the upper price band of Rs 94 per share.
The offer comprised of 87,153,369 equity shares of face value of Rs 10 each and was a complete offer for sale by the government. RailTel would not directly receive any proceeds from the same.
The minimum bid lot was of 155 equity shares, thereafter in multiples. The price band was fixed at Rs 93-94 per equity share.
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