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RailTel Company IPO subscribed 42.39 instances on final day – Instances of India

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NEW DELHI: The preliminary public provide (IPO) of telecom infrastructure supplier RailTel Corporation of India Restricted was subscribed 42.39 instances on the ultimate day of subscription on Thursday.
The Rs 819.24-crore provide obtained bids for two,59,42,43,370 shares towards 6,11,95,923 shares on provide, as per information out there with the NSE.
The certified institutional consumers (QIBs) class was subscribed 65.14 instances, non institutional traders 73.25 instances and retail particular person traders (RIIs) 16.78 instances.
The general public challenge was of 8,71,53,369 fairness shares and had a value vary of Rs 93-94 per share.
Puneet Chawla, chairman and managing director, RailTel Company of India mentioned, “It’s heartening to see the overwhelming response from traders throughout all classes.”
ICICI Securities, IDBI Capital Markets & Securities Restricted and SBI Capital Markets have been the managers to the provide.

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