RailTel IPO share allotment status: Here is how to check via BSE, registrar’s website

The share allotment of State-owned RailTel Corporation of India, owned by Indian Railways, is likely to be finalised on Tuesday (February 23). The RailTel IPO kicked off on February 16. The mini-ratna PSU is one of the largest neutral telecom infrastructure providers in the country owning an optic fiber network on exclusive Right of Way (RoW) along railway track. The company provides broadband telecom and multimedia network across the country.

1. Visit the registrar’s website link – https://ris.kfintech.com/ipostatus/

2. Select IPO, enter either application number or DPID/Client ID or PAN details.

3. Finally you will be asked for a captcha code.

4. Feed in captcha code and click submit.

1. Click this BSE website link https://www.bseindia.com/investors/appli_check.aspx

2. Choose issue type as equity, issue name RailTel Corporation of India (This when IPO allotment gets declared).

3. Enter application number and PAN.

4. Click on the search tab for details.

The initial public offer of telecom infrastructure provider RailTel Corporation of India Limited was subscribed 42.39 times on the final day of subscription on February 18. The Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer, as per data available with the NSE.

The qualified institutional buyers (QIBs) category was subscribed 65.14 times, non institutional investors 73.25 times and retail individual investors (RIIs) 16.78 times. The public issue was of 8,71,53,369 equity shares and had a price range of Rs 93-94 per share. ICICI Securities, IDBI Capital Markets & Securities Limited and SBI Capital Markets were the managers to the offer.