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RailTel IPO opens for subscription today. Should you subscribe?

Half of the issue is reserved for qualified institutional buyers, 35 per cent for retail investors, and 15 per cent for non-institutional bidders

IPO
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IPO

Chirinjibi Thapa New Delhi
The three-day initial public offering (IPO) of the state-owned RailTel Corporation of India will open for subscription on Tuesday. The price band has been fixed at Rs 93-94 a share for the initial share-sale. 

The IPO is entirely an offer-for-sale through which the government will offload 87,153,369 equity shares, amounting to 27.16 per cent stake. At the upper end of the price band, the government would raise a little over Rs 819 crore.

Half of the issue is reserved for qualified institutional buyers, 35 per cent for retail investors, and 15 per cent for non-institutional bidders.

Railtel shares were changing
Topics : IPO

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