Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Rail Vikas IPO is a book built issue of Rs 481.57 crores.
Rail Vikas IPO bidding started from March 29, 2019 and ended on April 3, 2019. The allotment for Rail Vikas IPO was finalized on Monday, April 8, 2019. The shares got listed on BSE, NSE on April 11, 2019.
Rail Vikas IPO price band is set at ₹17 to ₹19 per share. The minimum lot size for an application is 780 Shares. The minimum amount of investment required by retail investors is ₹14,820.
The issue includes a reservation of up to 657,280 shares for employees offered at a discount of Rs 0.5 to the issue price.
Elara Capital (India) Private Limited, Idbi Capital Market Services Limited and Yes Bank Limited are the book running lead managers of the Rail Vikas IPO, while Alankit Assignments Ltd is the registrar for the issue.
Refer to Rail Vikas IPO RHP for detailed information.
| IPO Date | March 29, 2019 to April 3, 2019 |
| Listing Date | April 11, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹17 to ₹19 per share |
| Lot Size | 780 Shares |
| Total Issue Size | 253,457,280 shares (aggregating up to ₹481.57 Cr) |
| Retail Discount | Rs 0.5 per share |
| Employee Discount | Rs 0.5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,085,020,100 |
| Share holding post issue | 2,085,020,100 |
Rail Vikas IPO offers 253,457,280 shares. 126,400,000 (49.87%) to QIB, 37,920,000 (14.96%) to NII, 88,480,000 (34.91%) to RII, 657,280 (0.26%) to employees. 113,435 RIIs will receive minimum 780 shares and (sNII) and (bNII) will receive minimum 10,920 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 126,400,000 (49.87%) | NA |
| NII (HNI) Shares Offered | 37,920,000 (14.96%) | |
| Retail Shares Offered | 88,480,000 (34.91%) | 113,435 |
| Employee Shares Offered | 657,280 (0.26%) | NA |
| Total Shares Offered | 253,457,280 (100%) |
Rail Vikas IPO opens on March 29, 2019, and closes on April 3, 2019.
| IPO Open Date | Friday, March 29, 2019 |
| IPO Close Date | Wednesday, April 3, 2019 |
| Basis of Allotment | Monday, April 8, 2019 |
| Initiation of Refunds | Tuesday, April 9, 2019 |
| Credit of Shares to Demat | Tuesday, April 9, 2019 |
| Listing Date | Thursday, April 11, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2019 |
Investors can bid for a minimum of 780 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 780 | ₹14,820 |
| Retail (Max) | 13 | 10140 | ₹192,660 |
| Lot Size Calculator | |||
Incorporated in 2003 by the Ministry of Railways India (MoR), Rail Vikas Nigam Limited (RVNL) is a project executing agency.
What does RVNL do?
RVNL is engaged in the business of mobilization of financial resources, rail project development, enhance golden quadrilateral and port connectivity by implementing rail projects and raise extra-budgetary resources for Indian Railway project execution. RVNL is involved in a verity of rail projects such as the construction of cable-stayed bridges, major bridges, workshops, metro projects, railway electrification, gauge conversion, new lines, doubling, and institutional buildings.
RVNL Project Summary
MoR has assigned 172 projects to the RVNL till Feb 2019 and out of which 166 projects are executed. As of Dec 2018, an order book size is Rs 77,504.28 Cr. The company also charge an annual consolidated management fee from MoR including execution of 10% for national projects, 9.25% for the metro projects, and 8.50% for other plan heads.
RVNL Clients
Indian Railway is the major client of the company and public sector undertakings, state, and central government departments, ministries are the other clients.
RVNL Financial Summary
The net profit of the company in FY 2015, 2016, 2017 is Rs 3,368.49 million, Rs 4,294.34 million, Rs 4,434.87 million and Rs 2,359.35 million, respectively.
RVNL Competitive Strengths
The competitive strengths of the company are:
1. Consistent financial track record
2. Undergo different categories of projects
3. Authorized by MoR
4. Standardized operation process
5. Trained Professional and workforce
| Particulars | For the year/period ended (in Rs. 10 Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||
| Total Assets | 87,324.10 | 85,685.46 | 88,595.72 | 222,156.75 | 161,353.72 | |
| Total Revenue | 36,228.82 | 75,973.58 | 59,151.06 | 45,398.54 | 31,465.35 | |
| Profit After Tax | 2,536.20 | 5,699.20 | 4,434.62 | 4,294.34 | 3,368.49 | |
The objects of the Offer are:
(i) To carry out the disinvestment of Equity Shares held by the Selling Shareholder in the Company,
(ii) To achieve the benefits of listing the Equity Shares on the Stock Exchanges
[Dilip Davda] RVNL is a consultancy service Miniratna PSU under Ministry of Railways and offers fee-based consultancy services for the development of Railways and related works. Railway segment is poised for bright prospects ahead with its ongoing developments and expansion plans. RVNL's reasonably priced offer provides a good opportunity for long term rewards on investments. Investors may consider investment in this lucrative consultancy service offering PSU. Read detail review...
The Rail Vikas IPO is subscribed 1.82 times on April 3, 2019 6:49:01 PM. The public issue subscribed 2.92 times in the retail category, 1.36 times in the QIB category, and 0.80 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.36 |
| NII | 0.80 |
| Retail | 2.92 |
| Employee | 2.11 |
| Total | 1.82 |
| Listing Date | April 11, 2019 |
| BSE Script Code | 542649 |
| NSE Symbol | RVNL |
| ISIN | INE415G01027 |
| Final Issue Price | ₹19 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹19.00 |
| ₹19.00 |
| ₹18.60 |
| ₹19.75 |
| ₹19.05 |
| NSE |
|---|
| ₹19.00 |
| ₹19.00 |
| ₹18.65 |
| ₹19.80 |
| ₹19.05 |
Rail Vikas Nigam Limited
Rail Vikas Nigam Limited, 1 st floor,
August Kranti Bhawan, Bhikaji Cama Place,
R. K. Puram, New Delhi 110 066
Phone: +91 11 2673 8299
Email: investors@rvnl.org
Website: https://www.rvnl.org/
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: rvnl_ipo@alankit.com
Website: http://ipo.alankit.com/
Rail Vikas IPO is a main-board IPO of 253,457,280 equity shares of the face value of ₹10 aggregating up to ₹481.57 Crores. The issue is priced at ₹17 to ₹19 per share. The minimum order quantity is 780 Shares.
The IPO opens on March 29, 2019, and closes on April 3, 2019.
Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Rail Vikas IPO opens on March 29, 2019 and closes on April 3, 2019.
Rail Vikas IPO lot size is 780 Shares, and the minimum amount required is ₹14,820.
You can apply in Rail Vikas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rail Vikas IPO will be done on Monday, April 8, 2019, and the allotted shares will be credited to your demat account by Tuesday, April 9, 2019. Check the Rail Vikas IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Top Contributor (200+ Posts, 400+ Likes)
IPO Guru (1100+ Posts, 1600+ Likes)
Can anyone tell what is the financial year result announcement date for the company as no information is available anywhere. Whether any dividend will be given to the shareholders?