MENU

Published on 12/02/2021 9:28:52 AM | Source: IANS

RailTel IPO to open Tuesday at price band of Rs 93-94/share

Posted in IPO Top News| #IPO #Public Sector

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Central Public Sector Enterprise, RailTel Corporation of India Ltd's initial public offering (IPO) will open on February 16, and end on February 18.

The price band of the offer has been fixed at Rs 93 to Rs 94 per equity share of face value of Rs 10 each.

The anchor investor bidding date has been fixed at February 15.

"The offer will comprise up to 87,153,369 equity shares of face value of Rs 10 each and the offer will be a complete offer for sale by the Government of India. The company will not be directly receiving any proceeds from the offer and all the offer proceeds will be received by the selling shareholder," said a company statement.

The qualified institutional buyers (QIB) portion of the net offer shall be not more than 50 per cent. Further, not less than 35 per cent of the net offer shall be available for allocation to retail individual bidders, while not less than 15 per cent of the net offer shall be available for allocation on a proportionate basis to non-institutional bidders.

ICICI Securities Ltd, IDBI Capital Markets & Securities Ltd and SBI Capital Markets Ltd are the book running lead managers (BRLM) to the offer.
 

marsbahis marsbahis marsbahis marsbahis
1xbet 1xbet bahisno 1 bahsegel slot oyna ecopayz güvenilir bahis siteleri canlı bahis siteleri iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canlı skor süperbahis mobilbahis