 "Indian railways, train services")
Shares of RailTel Corporation of India (RailTel) listed at Rs 109 on the NSE on Friday, a premium of 16 per cent over its issue price of Rs 94 per share. Meanwhile, on the BSE, the scrip listed at Rs 104.60 per share.
The state-owned telecom infrastructure provider's IPO got bids 42 times more demand than the shares on offer. The offering for 61 million shares got bids for 2.6 billion. The institutional investor portion of the IPO was subscribed 65 times and the high-net-worth individual (HNI) portion was subscribed 73 times. The retail and employee categories were subscribed 17 times
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