RailTel Corporation of India to put its IPO on sale on February 16
By MYBRANDBOOK
RailTel Corporation of India is coming up with its public offer for subscription on February 16. The price for the public issue is fixed at Rs 93-94 per share, which is 9.30-9.40 times the face value of equity shares. The offer will be over by February 18.
In this initial public offer RailTel will sell 8,71,53,369 equity shares. Of which, 5 lakh equity shares may be reserved for the company's employees.
can bid for a minimum of 155 shares and after that in multiples of 155 equity shares.
A Mini Ratna which is owned by the central government, RailTel is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.
This would be the sixth initial public offerings this year, after Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft and Brookfield India Real Estate Trust.
ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets are book running lead managers to the issue.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
ICONS OF INDIA : SANDIP PATEL
Sandip Patel is the Managing Director for IBM India & South Asia regio...
ICONS OF INDIA : RAJIV MEMANI
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
Icons Of India : Dr. Arvind Gupta
Arvind Gupta is the Head and Co-Founder of the Digital India Foundatio...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
Indian Tech Talent Excelling The Tech World - Sundar Pichai, CEO- Alphabet Inc.
Sundar Pichai, the CEO of Google and its parent company Alphabet Inc.,...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...