RailTel Corporation of India Limited IPO
About RailTel Corporation of India Limited
RailTel Corporation of India Limited IPO: RailTel is an information and communications technology (“ICT”) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India (Source: CRISIL Report). RailTel is a Mini Ratna (Category-I) Central Public Sector Enterprise, wholly-owned by the Government of India and under the administrative control of the Ministry of Railways. RailTel was incorporated on September 26, 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 network by laying optical fibre cable by using the right of way along railway tracks. As of June 30, 2020, RailTel is optic fibre network covers over 55,000 route kilometres and covers 5,677 railway stations across towns and cities in India. The transport network is built on high capacity dense wavelength division multiplexing (“DWDM”) technology and an Internet protocol/ multi-protocol label switching (“MPLS”) network over it to support mission-critical communication requirements of Indian Railways and other customers. RailTel operates data centres in Gurugram, Haryana and Secunderabad, Telangana to host and collocate critical applications for customers including the Indian Railways. 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 offer a diverse range of services across industries. RailTel portfolio of services can be broadly classified as below:
- Telecom Network Services
- Telecom Infrastructure Services
- Managed Data Center and Hosting Services
- Projects (System Integration Services)
Promoters
- The Honorable President of India, acting through the Ministry of Railways is the promoter of the company.
Financials of the company
| Particulars | For the year/period ended (Rs in million) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 23,981 | 22,276.75 | 23,228.79 |
| Total Revenue | 11,660.05 | 10,382.66 | 10,212.18 |
| Profit After Tax | 1,410.66 | 1,353.56 | 1,340.06 |
RailTel Corporation of India Limited IPO details
| IPO Opening Date | 16 Feb 2021 |
| IPO Closing Date | 18 Feb 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 to ₹94 per equity share |
| Market Lot | 155 Shares |
Timeline of IPO
| IPO Open Date | 16 Feb 2021 |
| IPO Close Date | 18 Feb 2021 |
| Basis of Allotment Date | 23 Feb 2021 |
| Initiation of Refunds | 24 Feb 2021 |
| Credit of Shares to Demat Account | 24 Feb 2021 |
| IPO Listing Date | 26 Feb 2021 |
Competitive Strengths
- Among the largest neutral telecom infrastructure providers in India with pan-India optic fibre network
- Diversified portfolio of services and solutions
- Key partner to the Indian Railways in digital transformation
- Experience in executing projects of national importance with a robust pipeline of projects
- Strong track record of financial performance
- Professionally managed with strong corporate governance and senior management team with significant industry experience
Book Running Lead Managers
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
- KFin Technologies Private Limited
Lead Manager Reports
- Lead Manager Performance Tracker
- List of IPOs handled by a Lead Manager
Company Address
RailTel Corporation of India Limited
Plate – A, 6th Floor, Office Block, Tower-2
East Kidwai Nagar, South Delhi
New Delhi 110023, India
Phone: +91 11 2290 0600
Email: cs@railtelindia.com
Website: http://www.railtelindia.com/
