RailTel IPO Subscribed 42 Times, Retail Portion Booked 17 Times

RailTel Corporation's Rs 820 crore initial public offer (IPO) was subscribed 42 times. The public issue subscribed 16.78 times in the retail category, 65.14 times in the qualified institutional buyer segment and 73.25 times in the non-institutional investor group. The public issue was open for three days between February 15 and February 18, and the shares were issued at a price of Rs 93-94 per share. The RailTel shares are set to be ...