State owned RailTel Corporation of India, one of the largest telecom infrastructure services providers, has filed draft red herring prospectus (DRHP) with market regulator SEBI for its public offering.
The Rs 700 crore initial public offer will be an offer for sale (OFS) from the government consisting of up to 8.66 crore equity shares.
RailTel is a mini-ratna central public sector enterprise, owned by the Government of India under the Railway Ministry.
It has been selected for implementation of various mission-mode projects like National Knowledge Network (NKN), Bharat Net. It also plays a part in Information & Communication Technology (ICT) projects.
ICICI Securities, IDBI Capital, SBI Capital Markets are appointed as the book running lead managers to the issue.
