RailTel’s Rs 820-cr IPO subscribed 2.6 times on Day-1; Nureca by 15x

The Rs 820-crore original community supplying (IPO) of telecom infrastructure service provider RailTel Company of India (RailTel) was subscribed two.6 periods.

The retail portion of the situation has already garnered 5 periods subscription. On Monday, the point out-owned agency allotted shares worthy of Rs 244 crore to anchor buyers.

The IPO selling price band is Rs 93-94 per share. At the best-stop, Railtel will have industry cap of Rs three,000 crore.

In FY20, the firm experienced clocked web earnings of Rs a hundred and forty crore on revenues of Rs one,128 crore. RailTel’s IPO closes on Thursday.

Meanwhile, the Rs a hundred-crore IPO of Nureca, a wellness product or service distributor, was subscribed fifteen periods a day prior to its close.

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