State-owned RailTel Corporation’s initial public offering opens for subscription on February 16, 2021. If you need help to decide whether it is a good IPO offer, we have compiled all the key information for your quick understanding.
RailTel is one of the Mini Ratna (Category – I) companies incorporated in 2000. The company is primarily involved in modernising and monitoring the deployment of the existing telecom system of train control and generate additional revenue through building fibre network along the rail tracks using an exclusive Right Of Way (ROW).
The corporation is one of the largest neutral telecom infrastructure providers owning pan-India optical fibre network of 55,000 km covering 5677 railway stations, as on June 2020.
Company Financials
Examination of the last seven years’ financials of the company reveals a steady growth in revenue. During this period the company’s income grew at a CAGR of 11.71 percent and clocked a PTA of Rs 138 crores in 2020. The company also doesn’t have any long-term loans. Besides a few short-term loans and credit advances, RailTel is net debt-free.
Company Strength
Key Information Regarding The IPO Offer
Conclusion
Apply for RailTel IPO from Angel One website or mobile app. Now open a Demat account following simple online steps. Apply now!
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