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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
| Rail Vikas IPO Date | Mar 29, 2019 to Apr 3, 2019 |
| Rail Vikas IPO Face Value | ₹10 per share |
| Rail Vikas IPO Price | ₹17 to ₹19 per share |
| Rail Vikas IPO Lot Size | 780 Shares |
| Issue Size | 253,457,280 shares of ₹10 (aggregating up to ₹481.57 Cr) |
| Retail Discount | Rs 0.50 |
| Employee Discount | Rs 0.50 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The promoter of the company is the President of India, acting through the Ministry of Railways, Government of India. |
Rail Vikas IPO opens on Mar 29, 2019, and closes on Apr 3, 2019. The Rail Vikas IPO bid date is from Mar 29, 2019 10.00 A.M. to Apr 3, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Rail Vikas IPO Opening Date | Mar 29, 2019 |
| Rail Vikas IPO Closing Date | Apr 3, 2019 |
| Basis of Allotment | Apr 8, 2019 |
| Initiation of Refunds | Apr 9, 2019 |
| Credit of Shares to Demat | Apr 9, 2019 |
| Rail Vikas IPO Listing Date | Apr 11, 2019 |
The Rail Vikas IPO lot size is 780 shares. A retail-individual investor can apply for up to 13 lots (10140 shares or ₹192,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 780 | ₹14,820 |
| Retail (Max) | 13 | 10140 | ₹192,660 |
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 Apr 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 | Thursday, April 11, 2019 |
| BSE Script Code | 542649 |
| NSE Symbol | RVNL |
| Listing In | B Group of Securities |
| ISIN | INE415G01027 |
| IPO Price | ₹19 per share |
| Face Value | ₹10 per share |
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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: https://www.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 Mar 29, 2019, and closes on Apr 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 Mar 29, 2019 and closes on Apr 3, 2019.
Rail Vikas IPO lot size is 780 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rail Vikas IPO will be done on Apr 8, 2019, and the allotted shares will be credited to your demat account by Apr 9, 2019. Check the Rail Vikas IPO allotment status.
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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?