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RailTel IPO Allotment Status: Here's How To Check On BSE, Registrar’s Website

RailTel Corporation of India Limited’s initial public offering (IPO) will finalise the basis of the allotment of the IPO on February 23. Here’s how to check.

RailTel IPO

RailTel Corporation of India Limited’s initial public offering (IPO) will finalise the basis of the allotment of the IPO on February 23. The 819-crore RailTel Corp’s IPO was subscribed 42.39 times as the public issue received an overwhelming response from the investors across all categories with qualified institutional buyers (QIBs) subscribing their portion at least 65.14 times. While the non-institutional investors subscribing their reserved portion 73.25 times and retail individual investors (RIIs) 16.78 times, now all eyes are set on RailTel IPO share subscription allotment finalisation.

How to check RailTel IPO share allotment subscription status on BSE website:

  1. Go to bseindia.com/investors/appli_check.aspx or click here
  2. Select equity
  3. Select Issue Name, for this instance - RailTel IPO
  4. Enter the Application Number and the PAN
  5. Click on search button to know the RailTel IPO Share Allotment Subscription Status

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RailTel Corporation of India share allotment status via KFintech Private Ltd website:

  1. Investors can also check the allotment status on KFin Technologies website under ‘IPO Status’ section or click here
  2. Select the IPO and enter the application number or DPID/Client ID or PAN.
  3. If the individual enters the application number box, the application type shall also be mentioned.
  4. If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID.
  5. This will be followed by the last step of submitting the given captcha.

The first public issue of the state-owned information and communications technology infrastructure provider was floating between February 16 and 18 and it received the highest-ever retail participation among the six IPOs from the Railways that have hit the market so far.

The company in consultation with merchant bankers is reportedly expected to finalise the issue price at Rs 94, which is also the higher end of the price band. Further, the Indian Railways owned RailTel Corporation of India Limited is expected to make its share market debut on February 26 after the cabinet had approved the IPO of RailTel Copr. in December 2018 by diluting up to 25 per cent government stake.

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