RailTel Corporation’s Rs 820 crore preliminary public supply (IPO) opens for subscription as we speak i.e. February 16. The public subject will stay open for 3 days till February 18. The shares of RailTel are more likely to be listed on the BSE and NSE exchanges on February 26.
The preliminary public supply is a proposal on the market of 8,71,53,369 fairness shares by the federal government, out of which 5 lakh fairness shares might be reserved for the workers. Investors can bid for a minimal one lot of 155 fairness shares and in multiples thereafter, as much as 13 heaps. The shares might be issued at a value of Rs 93-94 per share.
Investors can subscribe for a minimal one lot of 155 shares and in multiples thereof, until as much as 13 heaps.
RailTel was included in September 2000. It is among the many largest impartial telecom infrastructure suppliers in India, with greater than 55,000 route kilometers of optical fiber cablenetwork connecting 5,677 railway stations.
Meanwhile, Nureca’s Rs 100 crore three-day preliminary public providing (IPO), which opened for subscription on February 15, was oversubscribed on the primary day of the difficulty. Nureca IPO noticed 60,97,840 bids for its shares on the cut-off value, in response to particulars on the NSE.