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232 232  |(% style="width:292px" %)Earnings per share (Rs)|(% style="width:134px" %)4.4|(% style="width:111px" %)4.22|(% style="width:124px" %)4.18
233 233  |(% style="width:292px" %)Net asset value per Equity Share (Rs)|(% style="width:134px" %)42.67|(% style="width:111px" %)40.17|(% style="width:124px" %)38.3
234 234  
235 -
236 236  [[image:RailTel01.png]]
237 237  
238 238  = The Initial Public Offer (IPO) =
239 239  
239 +(% id="cke_bm_232S" style="display:none" %)** **(%%)**RailTel Corporation of India to open IPO on February 16: Know important details here **{{footnote}}https://www.msn.com/en-in/money/news/railtel-corporation-of-india-to-open-ipo-on-february-16-know-important-details-here/ar-BB1dAw5t{{/footnote}}
240 240  
241 -**The public offer will open for subscription on 15 February 2021**
241 +RailTel Corporation of India is all set to launch its maiden public offer for subscription on February 16. The objective behind the initial public offer (IPO) is to use the net proceeds for carrying out the disinvestment plan and to achieve the benefits of equity share listing on the stock exchanges. The offering will be of 87,153,369 equity shares which will be aggregating up to Rs 819.24 crores. However, out of the equity shares in offer, 5 lakh may be reserved for the company's employees.
242 242  
243 +RailTel Corporation IPO will be the sixth public offering of the year 2021. The previous IPO's include Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft and Brookfield India Real Estate Trust.
243 243  
244 -**RailTel gets Sebi's go-ahead to float IPO**
245 +Here are the details one needs to know before biding into the IPO:
245 245  
246 -**Nov 09, 2020; **State-owned RailTel Corporation of India Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial share-sale. The initial public offer (IPO) is entirely an offer-for-sale through which the government will offload 8.66 crore equity shares, according to draft papers filed with Sebi.{{footnote}}https://economictimes.indiatimes.com/markets/ipos/fpos/railtel-gets-sebis-go-ahead-to-float-ipo/articleshow/79130163.cms{{/footnote}}
247 +**Date of the IPO:** The IPO will be for three days starting from February 16 to February 18.
247 247  
248 -The company, which filed its IPO papers in October, obtained the regulator's observation on November 6, an update with Securities and Exchange Board of India (Sebi) showed on Monday.
249 +**Price band:** The price band has been fixed at Rs 93-94 per share for the public issue.
249 249  
250 -The regulator's observation is necessary for any company to launch public issues like initial public offering, follow-on public offer and rights issue.
251 +**IPO lot size:** The market lot size of the RailTel IPO is of 155 shares and a retail-individual investor can apply for up to 13 lots.
251 251  
252 -According to merchant banking sources, the IPO is estimated to fetch Rs 700 crore.
253 +**Lead managers:** The lead managers of IPO include ICICI Securities Limited, IDBI Capital Market Services Limited and SBI Capital Markets Limited.
253 253  
254 -The miniratna PSU is one of the largest neutral telecom infrastructure providers in the country, owning an optical fibre network on exclusive Right of Way (RoW) along the railway track.
255 +**Registrar:** The registrar of the IPO is KFintech Private Limited.
255 255  
256 -The company provides broadband telecom and multimedia networks across the country.
257 +**How to apply:** Investors who are willing to invest in the IPO can apply for the same online using either UPI or ASBA as payment method. ASBA IPO application will be available in the net banking of your bank account whereas UPI IPO application will be offered by brokers who don't offer banking services.
257 257  
258 -As on June 30, 2020, its optical fibre network covers over 55,000 kms and 5,677 railway stations across towns and cities in the country.
259 259  
260 -ICICI Securities, IDBI Capital, SBI Capital Markets Ltd are merchant bankers to the issue.
260 +{{putFootnotes/}}
261 261  
262 -In December 2018, the Cabinet had approved the IPO of RailTel Corporation for diluting up to 25 per cent government stake.
263 -
264 -
265 265  = References =
266 266  
267 267  {{putFootnotes/}}
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