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RailTel IPO subscribed 2.64 occasions on first day, provide ends on February 18


New Delhi: The preliminary public provide of telecom infrastructure supplier RailTel Company of India was subscribed 2.64 occasions on the primary day of subscription on Tuesday.

The Rs 819.24-crore provide acquired bids for 16,13,74,220 shares as in opposition to 6,11,95,923 shares on provide, as per an replace on the NSE.

The class meant for non-institutional traders was subscribed 75 per cent and people for Retail Particular person Buyers (RIIs) bought subscribed 4.99 occasions.

The general public problem is of 8,71,53,369 fairness shares and the value vary is Rs 93-94 per share.

The corporate has raised Rs 244 crore from 14 anchor traders. It included participation from UK-based Aurigin Capital by way of its Aurigin Grasp Fund and Utilico Rising Markets Belief, Reliance Capital-managed Cohesion MK Greatest Concepts Sub-Belief, Singapore-based Built-in Core Methods Asia and Goldman Sachs India.

Home traders like HDFC Life Insurance coverage Firm, ICICI Prudential MF, Aditya Birla Solar Life Insurance coverage, Tata MF, Edelweiss AIF additionally participated within the anchor funding spherical.

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The provide is being managed by ICICI Securities Ltd, IDBI Capital Markets & Securities Ltd, and SBI Capital Markets Ltd.

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