State-owned telecom infrastructure provider RailTel has filed Draft Red Herring Prospectus (DRHP) with the market regulator Sebi for an IPO of up to 8.66 crore equity shares. They will be raising Rupees 700 crore public offer which will be a complete offer for sale (OFS) from the government. ICICI Securities, IDBI Capital, SBI Capital Markets are appointed as the book running lead managers to the issue. The operations of the company have been funded entirely by internal accruals since 2013 and it enjoys a debt-free status at present.
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By IndianMandarins - 2020-10-03 08:39:00
State-owned telecom infrastructure provider RailTel has filed Draft Red Herring Prospectus (DRHP) with the market regulator Sebi for an IPO of up to 8.66 crore equity shares.
They will be raising Rupees 700 crore public offer which will be a complete offer for sale (OFS) from the government. ICICI Securities, IDBI Capital, SBI Capital Markets are appointed as the book running lead managers to the issue.
The operations of the company have been funded entirely by internal accruals since 2013 and it enjoys a debt-free status at present.
