RailTel Corporation of India will likely finalize the allotment of its initial public offering (IPO) on Wednesday. The Rs 819 crore IPO was open from subscription from February 16 to 18. Previously, the date of allotment was scheduled for February 23. Investors can check their share allotment status through the KFin Technologies website that manages share allotment and refund or through the official website of BSE. The IPO that got an overwhelming response was oversubscribed 42.39 times. The offer that was approved by the Union cabinet of the public information and communications technology provider attracted a grey market premium of Rs 14 over the issue price.
To check via the KFin website:
Investors can go to the link (https://ris.kfintech.com/ipostatus/), select the IPO, and input their application number of DPID>Client ID or permanent account number (PAN) details.
To check the status via the BSE website:
Investors can go to the link (https://www.bseindia.com/investors/appli_check.aspx), select the issue type as equity, and issue name as RailTel Corporation of India, when the allotment is declared.
Investors then need to input their application number and PAN details to check if they have allotted any shares.