RailTel Corporation of India Limited (RailTel) which is tapping the capital markets with its offer for sale of 8,71,53,369 equity shares in a price band of Rs 93-94 completed allocation to anchor investors. The company allotted 2,59,57,446 shares to 13 anchor investors comprising of 23 entities. The highest allocation of 37,23,100 shares or 14.34% was made to HDFC Life Insurance. This was followed by 4 entities which were allotted an identical 31,91,295 equity shares or 12.29% of the anchor allocation. They are Nippon Life, Goldman Sachs, HDFC Mutual Fund and ICICI Prudential Mutual Fund. This effectively means that the top five anchors have been allotted 63.5% of the anchor portion.

The issue opens on Tuesday the 16th of February and closes on Thursday the 18th of February.

The full list of anchor investors and their allotment is given below: –