RailTel IPO: How to check allotment status on BSE and NSE; RailTel IPO Listing Date

latest IPO offering of RailTel Corporation was highly successful. RailTel received a total of 2,59,42,43,370 bids against 6,11,95,923 number of shares. Read on to kw how to check RailTel IPO allotment status.

RailTel IPO Allotment Date - 23rd February 

initial public offer of govt owned RailTel Corporation of India Limited received a huge response from investors. initial value of RailTel IPO was 819.24 crore rupees. According to data from NSE, RailTel received 2,59,42,43,370 bids against 6,11,95,923 shares on offer. It's a huge IPO for company a good sign of growth for future of firm. portion of IPO that was reserved for retail investors was subscribed to 16.78 times whereas qualified portion of IPO reserved for institutional buyers was subscribed to 65.29 times. public issue of 8,71,53,369 shares had a price range of about Rs. 93-94 per share. 

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basis of allotment of IPO of RailTel is going to be anunced on February 23. IPO for RailTel was heavily oversubscribed and allotment process for shares will be done through a lottery system. registrar of RailTel IPO will initiate refund process for rejected bids on February 24. shares of RailTel will be credited to investors' demat accounts on February 24. listing for IPO will take place on February 26. 

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How to Check RailTel IPO Allotment Status?

You can check RailTel IPO allocation status by following given steps. First, go to BSE or NSE website. Once you are on respective websites, click 'Equity' option. Enter your application number and PAN and n click  'Search' button. status of allotment will be given to you.

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About RailTel Corporation 

RailTel Corporation is a Public Service Undertaking (PSU) company. It is also one of largest neutral telecom infrastructure providing company in India. RailTel has a vast network of optic fibre data cables running alongside railway tracks with an exclusive Right of Way(RoW). RailTel Corporation provides broadband, telecom and internet access all across country. 

RailTel's optic fibre network covers 55,000 km and more than 5600 railway stations across whole of India. company was commanding a RailTel IPO grey market premium (GMP) of Rs. 25-30 before public listing. RailTel is one of seven major initial public offerings this year and second by Ministry of Railways. Before RailTel, Indian Railway Finance Corporation (IRFC) was also listed on stock market. Stay tuned for more news on stock market and RailTel. 

(Disclaimer: Above information sourced from various websites business insider etc.)

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