RailTel’s initial public offer was subscribed 42.39 times on the final day of subscription. As per NSE data, the Rs 8.19 billion offer received bids for 2.59 shares against 0.061 billion shares on offer.
While the portion reserved for retail investors was subscribed 16.78 times, the qualified institutional buyers category was subscribed 65.14 times, the non-institutional investor category was subscribed 73.25 times.
The public issue was of 0.087 equity shares and had a price range of Rs 93-94 per share.
ICICI Securities, IDBI Capital Markets & Securities Limited and SBI Capital Markets were the managers to the offer.