RailTel IPO Review: Should you Buy it? Listing Gain?

RailTel IPO Review: The company's Initial Public Offer is opening for subscription tomorrow i.e. 16th February 2021. The Mini Ratna Company's issue will open on 16h February 2021 and it will remain available for bidding till 18th February 2021. The issue price of the RailTel IPO is fixed at Rs 93-94 per share and RailTel shares will be listed at both BSE and NSE. Hence, the investors who want to bid for the RailTel IPO, want to know whether it will be a good idea to invest in this latest IPO or wait for some other better option. According to the stock market experts, RailTel Corporation's fundamentals are quite promising and it has a monopoly in its business, so one can go for Rs 30-40 listing gains in a very short-term perspective.
RailTel IPO: Buy or Not
Speaking on whether RailTel IPO is a good buy or not Sumeet Bagadia, Executive Director at Choice Broking said, "RailTel as a company has strong fundamentals and will definitely open above the RailTel IPO price band of Rs 93-94 per RailTel shares." Bagadia said that it would be difficult to say how much listing gain can be expected in RailTel IPO as much will depend on the mood of the market on the RailTel IPO listing date.
RailTel IPO: Expected Listing Gains
Asked about the RailTel IPO listing gains that a bidder can expect Avinash Gorakshkar, Head of Research at Profitmart Securities said, "RailTel has big opportunity in the Telecom Hardware Infrastructure sector and it is expected to get moolah from other than railway business." Gorakshkar went on to add that RailTel Corporation of India's quarterly numbers are promising and hence one can expect good returns on the RailTel IPO price listing date itself.
On listing gains that a bidder can expect Avinash Gorakshkar said that the RailTel IPO listing price would be around Rs 130 to 140, depending upon the mood of the market.
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