Railtel Corporation is a information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India. A (Category-I) Mini Ratna - Central Public Sector Enterprise, Railtel is wholly-owned by the Government of India and under the administrative control of the Ministry of Railways. Incorporated in September, 2000 with the aim of modernizing the existing telecom system for train control, operation and safety and to generate additional revenues by creating nationwide broadband and multimedia networks by laying optical fiber cable by using the right of way along railway tracks.
Retail’s optic fiber network covers over 55,000 route kilometers and covers 5,677 railway stations across towns and cities in India and operates data centers in Gurugram, Haryana and Secunderabad, Telangana. In addition to strategic and critical network infrastructure services, Railtel also undertakes various ICT projects for the Indian Railways, central government and state governments, including various train control system projects for Indian Railways.
Railtel offers a diverse range of services across industries their portfolio of services include: Telecom Network Services, Telecom Infrastructure Services, Managed Data Center and Hosting Services, and Projects (System Integration Services).
| Financial Year Ended (in ₹ million) | Revenue | Profit After Tax | Basic EPS | Diluted EPS | EBITDA |
|---|---|---|---|---|---|
| March 2018 | 10,212.18 | 1,340.06 | 4.18 | 4.18 | 2,820.49 |
| March 2019 | 10,382.66 | 1,353.56 | 4.22 | 4.22 | 3,371.53 |
| March 2020 | 11,660.05 | 1,410.66 | 4.40 | 4.40 | 3,224.60 |
The company aims to raise around Rs. 800 crores through an offer for sale of about 8.66 crore equity shares. For more information, you can read the IPO Prospectus filed by the company.
Indicative Timetable
| Event | Date |
|---|---|
| Issue Period | 16th February 2021 - 18th February 2021 |
| Price Range | 93 - 94 |
| Minimum Bid Quantity | 155 and in multiples thereof |
| Finalisation of Allotment | 23rd February 2021 |
| Initiation of Refunds | 24th February 2021 |
| Credit of Shares | 24th February 2021 |
| Listing | 26th February 2021 |
How do I apply to the RailTel IPO?
You can apply for the RailTel IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.