The 819-crore RailTel Corporation of India Limited’s initial public providing (IPO), which was subscribed 42.39 occasions, will finalise the basis of the allotment of the IPO on February 23, 2021. The public concern received overwhelming response from investors across all categories with certified institutional purchasers (QIBs) subscribing their portion 65.14 occasions. Non-institutional investors subscribed their reserved portion 73.25 occasions and retail person investors (RIIs) 16.78 occasions. In the grey industry, RailTel Corporation of India shares had been observed trading with a Rs 14 premium more than the concern price tag. The shares had been commanding a 15 per cent grey industry premium at Rs 108 apiece.
Indian Railways owned RailTel Corporation of India Limited is most likely to make its share industry debut on February 26. In December 2018, the cabinet had authorized the IPO of RailTel Corporation of India by diluting up to 25 per cent government stake. Nirali Shah, Head of Equity Research, Samco Securities, stated that the business is relatively priced at its FY20 P/E of 21.3 occasions. “It has been commanding a good grey market premium indicating the offer will sail through but keeping the risks in mind, we recommend investors to subscribe for listing gains only,” Shah stated. Once the basis of share allotment is completed, investors can verify their subscription status on RailTel Corporation of India Limited through registrar’s web-site, i.e. from KFin Technologies Private Limited, a SEBI-registered entity accountable for the IPO allotment and refund processing, and from BSE web-site.
How to verify RailTel Corporation of India share allotment status through KFintech Private Ltd web-site
Investors can verify the allotment status on KFin Technologies web-site below ‘IPO Status’ section (https://ris.kfintech.com/ipostatus/) when it gets declared. After that pick the IPO and enter either your application quantity or DPID/Client ID or PAN. In case of the application quantity box, pick application form and enter the application quantity. If the DPID/Client ID box is selected, pick the depository from the drop-down menu, enter DPIP, Client ID. If the PAN selection box was selected, enter the permanent account quantity. In the final step, enter the offered captcha and click submit.
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Check RailTel Corporation of India share allotment status through BSE web-site
Another way to verify the allotment status in RailTel Corporation of India is via BSE web-site (https://www.bseindia.com/investors/appli_check.aspx). Select the concern form as ‘equity’, and the concern name as ‘RailTel Corporation of India’ from the drop-down list, when it gets declared. After that enter application quantity and PAN (permanent account quantity). In the final step, click on the search tab to view the status facts.