RailTel, a “Mini Ratna (Category-I)” PSU under Ministry of Railways. It is one of the largest neutral telecom infrastructure providers in the country. MINISTRY OF RAILWAYS owns 100% shares of the RailTel Corporation of India Ltd. The Company was incorporated in 2000 as a Public Limited Company The objective of the company is to create nationwide Broadband Telecom and Multimedia Network in all parts of the country.
The company wants to modernize the operations of Indian railway and safety systems by providing state of the art communication infrastructure and to generate revenue through commercial exploitation of its telecom network.
RailTel owning a pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. It covers all important towns & cities of the country and several rural areas covering 70% of India’s population. With its Pan India high capacity network, RailTel is working towards creating a knowledge society at various fronts. Presently, RailTel has created over 51933 RKMs of fiber network connecting over 4500 cities/towns on the network including several rural areas.
For the year ended March 2018, the company posted consolidated revenues of INR1,031 crore, marking a growth of 14.04%. IN the same year, net income jumped 23.44% to INR158 crore.
Strength of RailTel
- RailTel Corporation a “Mini Ratna (Category-I)” PSU is one of the largest neutral telecom infrastructure providers in the country.
- The Vision of the company is to become the preferred telecom solutions and services provider for the knowledge economy.
- The aim of the company is to attain leadership in providing premier telecom infrastructure service by offering a cost-effective state of the art communication solutions.
- For the year ended March 2018, the company posted consolidated revenues of INR1,031 crore, marking a growth of 14.04%. IN the same year, net income jumped 23.44% to INR158 crore.
RailTel IPO Details
IPO Opens on: 2020
IPO Closes on: 2020
Price Band: Rs per share
Bid Lot: 0 shares and in multiples of 0 shares
Maximum Price: Rs
Fresh issue: Rs Cr
Offer for Sale: Rs
IPO Size: Rs 00 Cr (Approx)
Retail & Employees Discount: Rs 0 per share
RailTel IPO Time Line
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Listing At: NSE & BSE
Financial Performance of (in Crores) RailTel
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RailTel IPO Valuations
Face Value = Rs 10
Earnings Per Share (EPS) = Rs
PE Ratio = 0 (Approx)
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RailTel IPO Subscription Details
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Grey Market Premium of RailTel IPO Day by Day
Grey market premium as on 00-00-2000 = Rs. 0-0/Share