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Published on 16/02/2021 6:03:15 PM | Source: Angel Broking Ltd

Quote On subscription of RailTel IPO By Keshav Lahoti, Angel Broking

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Below are Quote On subscription of RailTel IPO By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

RailTel Corporation of India, one of the largest neutral telecom infrastructure providers in the country, has raised Rs 243.99 crore from 14 anchor investors on February 15. The company informed exchanges that it has allocated 2,59,57,446 equity shares at Rs 94 per share to anchor investors including five foreign portfolio investors and six mutual funds. Portfolio investors which had participated in the anchor book are Goldman Sachs India, HDFC Life Insurance Company, Nippon Life MF, ICICI Prudential MF, HDFC MF, IIFL Mutual Fund, Tata Mutual Fund. Company has a diversified portfolio of services and solutions. It is a key partner to the Indian Railways in digital transformation. So far on day 1, Company has had a good response. We are positive on the long term prospects of the industry as well the Company, we recommend "SUBSCRIBE" to the RailTel IPO for long term as well as for listing gains.  

 

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