State-owned RailTel Corporation of India fixed the bid for its IPO at Rs 93-94. The IPO will open for general bidding on February 16. The company said in a statement that through the initial public offering (IPO), the government is offering 87,153,369 equity shares, with a stake of 27.16 per cent. The government will raise around Rs 819 crore from the IPO at the upper end of the bid. The IPO will open for anchor investors on 15 February. The company provides broadband telecom and multimedia networks across the country.

– The IPO will open for anchor investors on 15 February.

– RailTel’s IPO will open for general bidding on February 16.

– Bidding range for IPO has been fixed at Rs 93-94.

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