RailTel Corporation IPO GMP – Check Latest IPO Grey Market Premium
RailTel Corporation is about to release its IPO on Feb 16, 2021. The issue is closing on Feb 18, 2021 and is currently having an active grey market. The RailTel Corporation IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in case of RailTel Corporation IPO. The company is intended to raise Rs NA crore by the released issue.
RailTel Corporation IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda (in INR)|
|18-02-2021||Rs. 25-30||Rs. 300||2500|
|17-02-2021||Rs. 15-20||Rs. 300||2500|
|06-02-2021 & Before||Rs.05-10||Rs. 300||NA|
You can check the tables and LINKS below to know the important IPO events along with listing dates and more.
Check out Related IPO Links:
|RailTel Corporation Share Price|
|RailTel IPO Subscription|
|RailTel Corporation IPO Allotment|
|RailTel Corporation IPO Review|
RailTel Corporation IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
|IPO Open Date||Feb 16, 2021|
|IPO Close Date||Feb 18, 2021|
|Basis of Allotment Date||Feb 23, 2021|
|Initiation of Refunds||Feb 24, 2021|
|Credit of Shares to Demat Account||Feb 24, 2021|
|IPO Listing Date||Feb 26, 2021|
RailTel Corporation IPO – Financial Performance
The below given table will give you the overall idea of the company’s financial performance. Check their net profit and loss statement about RailTel Corporation IPO.
|Amount (in INR & millions)|
|Profit After Tax||455.84||1,410.66||1,353.56||1,340.06|
FAQs Related to RailTel Corporation IPO GMP
Ques – What is the current RailTel Corporation IPO GMP Price?
Answer – As on today, the RailTel Corporation IPO GMP is Rs. 25-30.
Ques – What is the current RailTel Corporation IPO Kostak Rate?
Answer – The Kostak rate is Rs 300 for RailTel Corporation IPO.
Ques – What is today’s RailTel Corporation IPO Subject to Sauda Rate?
Answer – As on today, the RailTel Corporation IPO Subject to Sauda is Rs 2500.
Ques – Where to Check RailTel Corporation IPO Allotment & Listing?
Answer – However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: https://top10stockbroker.com/ipo-allotment-status/
Ques – What is Kostak Price?
Answer – To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded for in the grey market.
Ques – Is GREY market buy or sell shares illegal?
Answer – Grey Market is basically a trading that takes place before the stock of a company gets enlisted on the stock exchange. It takes place before the IPO release and the prices may change any time. Hence, it is an unofficial trading and hence, not “illegal”.
The RailTel Corporation IPO GMP which is mentioned in the table here is only valid for specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing of the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on IPO Grey market.
It is also requested that please do not subscribe for any IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the Fundamental of the companies.