Business:-
Wi-Fi and WiMax
RailTel, in collaboration with Google, provides free WiFi access at selected railway stations across India. Google chose railway stations as the location to provide free WiFi because stations have access to the reliable power supply and fiber provided by RailTel and because the passengers at a station come from all demographics of India.
The free WiFi service was launched at Mumbai Central railway station in January 2016.
- April 2016, the service was expanded to 9 more railway stations.
- June 2016, Google announced that free Wi-Fi was available across 19 stations in India and was being used by over 1.5 million people.
- September 2016, Google announced a public WiFi initiative called Google Station. Google plans to expand free WiFi coverage under the initiative to locations such as cafes and malls across India, and later expand worldwide.
- In June 2018, Google announced that its Free Wi-Fi project is now powering 400 Indian railway stations. As a result, there are now more than 8 million people accessing the internet each month via the project.
Railwire
Based on its nationwide fiber network, RailTel offers various bandwidth-intensive applications to its customers. One such initiative is RailWire, a joint venture with MSPs to provide Voice, Video, and Multimedia access on a single wire at a customer’s home or office.
Key Facts about RailTel Corporation
- One of the largest neutral telecom infrastructure providers in India with PAN India optic fiber network.
- Diversified Range of services i.e. Telecom Network, Telecom Infrastructure, Data Center and Hosting, and Projects.
- Operates an optic fiber network covering 59,098 route Kms and 5,929 railway stations in India.
- RailTel Corporation has an exclusive right of way along 67,415 Kms connecting 7,321 railway stations.
- Center Network Operation Center at New Delhi and 4 NOCs at Mumbai, Delhi, Kolkata, and Secunderabad.
- It has 305,746 retail customers and 5,023 Access network providers (ANPs) to deliver the last mile connectivity.
Company Promoters:
The President of India, acting through the Ministry of Railways is the promoter of the company.
Company Financials:
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 24,821.50 | 23,981 | 22,276.75 | 23,228.79 |
| Total Revenue | 5,537.84 | 11,660.05 | 10,382.66 | 10,212.18 |
| Profit After Tax | 455.84 | 1,410.66 | 1,353.56 | 1,340.06 |
Objects of the Issue:
The net proceed from the IPO will be used towards following purposes:
- To carry out the disinvestment plan.
- To achieve the benefits of equity share listing on the stock exchanges.
RailTel IPO Details
| IPO Opening Date | Feb 16, 2021 |
| IPO Closing Date | Feb 18, 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 |
| Min Order Quantity | 155 Shares |
| Listing At | BSE, NSE |
| Issue Size | 87,153,369 Eq Shares of ₹10 (aggregating up to ₹819.24 Cr) |
| Offer for Sale | 87,153,369 Eq Shares of ₹10 (aggregating up to ₹819.24 Cr) |
IPO Tentative Timetable
The RailTel IPO open date is Feb 16, 2021, and the close date is Feb 18, 2021. The issue may list on Feb 26, 2021.
| IPO Open Date | Feb 16, 2021 |
| IPO Close Date | Feb 18, 2021 |
| Basis of Allotment Date | Feb 23, 2021 |
| Initiation of Refunds | Feb 24, 2021 |
| Credit of Shares to Demat Account | Feb 24, 2021 |
| IPO Listing Date | Feb 26, 2021 |
RailTel IPO Lot Size
The RailTel IPO market lot size is 155 shares. A retail-individual investor can apply for up to 13 lots (2015 shares or ₹189,410).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 155 | ₹14,570 |
| Maximum | 13 | 2015 | ₹189,410 |
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.84% |
Subscription Status (Bidding Detail)
The RailTel IPO is subscribed 6.64x times on Feb 17, 2021, 07:49. The public issue subscribed 10.55x in the retail category, 2.96x in the QIB category, and 2.63x in the NII category.
| Category | IPO Subscription |
|---|---|
| QIB | 2.96x |
| NII | 2.63x |
| RII | 10.55x |
| Employee | 1.85x |
| Total | 6.64x |
IPO Prospectus
Company Contact Information
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/
Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.
Phone: 1-800-3454001
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- SBI Capital Markets Limited
Lead Manager Reports
- Lead Manager Performance Tracker
- List of IPOs handled by a Lead Manager
Open Demat A/c
For Any Query Or Complaint Mail At info@filingreturn.Com
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