RailTel’s Rs 820-cr IPO subscribed 2.6 times on Day-1; Nureca by 15x
The Rs 820-crore initial public offering (IPO) of telecom infrastructure provider RailTel Corporation of India (RailTel) was subscribed 2.6 times.
The retail portion of the issue has already garnered five times subscription. On Monday, the state-owned firm allotted shares worth Rs 244 crore to anchor investors.
The IPO price band is Rs 93-94 per share. At the top-end, Railtel will have market cap of Rs 3,000 crore.
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