RailTel’s Rs 820 crore IPO to open on Feb 16

MUMBAI: State-owned RailTel Corp’s Rs 820-crore Initial Public Offering (IPO) is set to open on February 16. The issue, which will close on February 18, has been priced in the band of Rs 93-Rs 94 apiece. The government will sell over 8.71 crore shares in the broadband and multimedia network services provider in the public issue. The minimum bid lot is 155 shares and in its multiples. A retail investor can bid for up to 2,015 shares in the issue.