RailTel IPO share allocation likely today. How to check application status
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New Delhi, Feb. 23 -- The share allocation in RailTel IPO, which was subscribed over 42 times, is likely to be finalised today, according to brokerages. Applicants to RailTel IPO can check the allocation status on the website of KFin Technologies, which will manage share allocation and refund, or on BSE website. Listing of RailTel shares are likely on February 26.
RailTel IPO had a price range of Rs.93-94 per share. In this IPO, the government is selling 27.16% stake.
The Rs.819 crore IPO of RailTel was open between February 16 and February 18. The offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer. The retail individual investors segment was subscribed over 16 times while qualified institutional buyers (Q...
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