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Rail Vikas Nigam Limited (RVNL) is a wholly owned government company, a Miniratna (Category - I) Schedule ‘A’ Central Public Sector Enterprise, incorporated by the Ministry of Railways (“MoR”) on January 24, 2003, as a project executing agency working for and on behalf of MoR.

RVNL was incorporated with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution.

RVNL is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

Rail Vikas Nigam Limited IPO - Issue Details:

Issuer Rail Vikas Nigam Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Mar 29, 2019
Issue Closes: Apr 03, 2019
Price Brand Rs.17* - Rs.19^ per Equity Share
Issue Size Rs.426.42* Crores - Rs.477.11^ Crores
Face Value Rs.10 per Equity Share
Bit Lot 780 Equity Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size (Rs.214.88* Crs - Rs.240.16^ Crs)
NIB 15% of the issue size (Rs.64.46* Crs - Rs.72.05^ Crs)
Retail Individual Bidders 35% of the issue size (Rs.145.99* Crs - Rs.163.69^ Crs)
Employee Reservation 6,57,280 Equity Shares (Rs.1.08* Crs - Rs.1.22^ Crs)
Retail and Employee Discount Rs. 0.50/- per Equity Shares
Listing NSE & BSE
Registrar Alankit Assignments Ltd
Book Running Lead Managers Yes Securities, Elara Capital, IDBI Capital
* Lower Price Band; ^ Upper Price Band


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