Railtel IPO News

  • The government is going to list another IPO in mid-January 2020
  • This company, the government will raise 25% of the funds through an initial public offering.
  • You can say 25% stake will be with the Public.

Railtel IPO


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Earlier, on 30 September 2029, Public Sector IPO IRCTC in just 4 days. It had made more than 80% profit on the day of listing.

According to ET, the government is going to list another IPO in mid-January 2020. The name is RailTel.
  • RailTel (Category-I) PSU is the country's largest neutral telecommunications infrastructure provider.
  • RailTel owns the Pan-India optic fiber network on a special Right of Way (ROW) along the railway track.
  • The OFC network covers all the important cities and cities of the country and many rural areas with 70% population of India.
  • RailTel is committed to meet state-of-the-art technology and innovative services in the Indian telecom market.
  • RailTel, in addition to the modernization of rail operations and administration network systems. Countrywide is at the forefront of providing broadband telecom and multimedia networks in all parts of the country.
  • With its Pan India high capacity network, RailTel is working towards building a knowledge society on various fronts.


Initial Public Offering

In this company, the government will raise 25% of the funds through an initial public offering. Or you can say 25% stake will be with the Public.

The Department of Disinvestment said that the Department of Investment and Public Asset Management (DIPAM) needed the services of a reputed advertising agency with experience and expertise in public offerings in the capital markets to act as an advertising agency for the Railtel IPO.

The proposals are to be submitted by 28 November. The cost of hiring the advertising agency will be borne by DIPAM, RAILTEL, and BRLMs (Book Running Lead Managers).

Raitel is a Miniratna PSU and one of the largest neutral telecommunications infrastructure providers in the country, which owns an optic fiber network on the Special Right of Way (RoW) bordering railway tracks. The company provides broadband telecommunications and multimedia networks across the country.

In December this year, the Cabinet Committee on Economic Affairs approved a plan to list six public sector companies, including RailTel Corp.

IRCTC was listed in this financial year, the IPO had already received an overwhelmingly positive response by Nivesco, subscribed more than 111 times. The IPO divested the government's 12.6 percent stake in the Central Public Sector Enterprise (CPSE), which is expected to generate Rs 645 crore. This was the second CPSE IPO to be listed in this financial year.
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