- he ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp received tremendous response from investors.
- The IPO garnered 42 times subscription and generated bids worth more than ₹259.42 crore against the offer size of 6.12 crore shares.
- Here’s how to check RailTel IPO allotment status on the stock-exchange and registrar website.
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The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp received tremendous response from investors. And, now all investor’s eyes are waiting for the allotment date. The basis of the allotment of the IPO will be announced on February 23.
RailTel is a government-owned information and communications technology (ICT) infrastructure provider firm and India’s largest neutral telecom infrastructure provider. This was the seventh initial public offering this year and second by the Ministry of Railways after it recently pared stake in Indian Railway Finance Corporation IPO— which listed at a 4% discount last month.
| RailTel IPO | Qualified Institutional Buyer | Non-institutional Investor | Retail Individual Investor | Employee | Total |
| Offer size | 65.14x | 73.25x | 16.78x | 3.35x | 42.39x |
However, after this stellar response that RailTel IPO has garnered, one thing is certain — not all investors will get the same amount of shares that they had subscribed for.
If you subscribed for the RailTel IPO, you could check your allotment status by following these simple steps:To check on the stock-exchange website:
- To check RailTel IPO allotment status, go to the BSE website or NSE website here.
- On BSE, Select ‘Equity’ and then from the dropdown, select ‘RailTel’.
- Now, enter your application number and PAN.
- Click on ‘Search’.
Please note the details will only be available once the shares are allotted.
You can also visit the Registrar website (KFintech) to check your application status.
- Visit the registrar’s website here.
- Click on ‘Select company’ and click on ‘RailTel’. It will only appear post allotment on February 23.
- Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.
- Enter the captcha and click ‘submit’.
Once you hit ‘submit’ the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you.
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