InvestorQ : What do the final subscription numbers for the RailTel IPO look like?
Anamika Sodhani made post

What do the final subscription numbers for the RailTel IPO look like?

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Angel dcosta answered.
7 days ago
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The RailTel IPO closed for subscription on Thursday 18 February and was oversubscribed 42 times overall. The retail portion was subscribed 16.78 times, the HNI portion was subscribed 73.25 times while the qualified institutional buyers QIB portion was subscribed 65.14 times. The IPO was priced in the range of Rs.93-94 and with the oversubscription the price is likely to be discovered at the upper end of the range.

The total size of the IPO was Rs.820 crore and the government will be diluting its stake through an offer for sale in the public issue. The total issue size for 8.715 crore equity shares out of which just 5 lakh shares were reserved for employees. The QIB appetite was evident in the fact that its anchor placement had already managed to raise a sum of Rs.244 crore. This will be part of the government minority stake divestment program to raise resources through the normal divestment process. Earlier on Wednesday, even Nureca IPO had been heavily oversubscribed.

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