RailTel IPO: Check share allotment status via BSE, registrar’s website; grey market premium, listing date

By | February 22, 2021

RailTel IPO: Test share allotment standing through BSE, registrar’s web site; gray market premium, itemizing date

RailTel Corporation of India, IPO, grey market premiumAs soon as the premise of share allotment is finished, buyers can examine their subscription standing on RailTel Company of India Restricted through registrar’s web site and BSE

The 819-crore RailTel Company of India Restricted’s preliminary public providing (IPO), which was subscribed 42.39 instances, will finalise the premise of the allotment of the IPO on February 23, 2021. The general public subject obtained overwhelming response from buyers throughout all classes with certified institutional consumers (QIBs) subscribing their portion 65.14 instances. Non-institutional buyers subscribed their reserved portion 73.25 instances and retail particular person buyers (RIIs) 16.78 instances. Within the gray market, RailTel Company of India shares have been seen buying and selling with a Rs 14 premium over the problem worth. The shares have been commanding a 15 per cent gray market premium at Rs 108 apiece.

Indian Railways owned RailTel Company of India Restricted is more likely to make its share market debut on February 26. In December 2018, the cupboard had accepted the IPO of RailTel Company of India by diluting as much as 25 per cent authorities stake. Nirali Shah, Head of Fairness Analysis, Samco Securities, mentioned that the corporate is pretty priced at its FY20 P/E of 21.3 instances. “It has been commanding a very good gray market premium indicating the provide will sail by way of however protecting the dangers in thoughts, we suggest buyers to subscribe for itemizing positive factors solely,” Shah mentioned. As soon as the premise of share allotment is finished, buyers can examine their subscription standing on RailTel Company of India Restricted through registrar’s web site, i.e. from KFin Applied sciences Non-public Restricted, a SEBI-registered entity chargeable for the IPO allotment and refund processing, and from BSE web site.

examine RailTel Company of India share allotment standing through KFintech Non-public Ltd web site

Buyers can examine the allotment standing on KFin Applied sciences web site underneath ‘IPO Standing’ part (https://ris.kfintech.com/ipostatus/) when it will get declared. After that choose the IPO and enter both your software quantity or DPID/Shopper ID or PAN. In case of the applying quantity field, choose software sort and enter the applying quantity. If the DPID/Shopper ID field is chosen, choose the depository from the drop-down menu, enter DPIP, Shopper ID. If the PAN possibility field was chosen, enter the everlasting account quantity. Within the final step, enter the given captcha and click on submit.

Test RailTel Company of India share allotment standing through BSE web site

One other technique to examine the allotment standing in RailTel Company of India is thru BSE web site (https://www.bseindia.com/buyers/appli_check.aspx). Choose the problem sort as ‘fairness’, and the problem title as ‘RailTel Company of India’ from the drop-down checklist, when it will get declared. After that enter software quantity and PAN (everlasting account quantity). Within the final step, click on on the search tab to view the standing particulars.

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