Rail Vikas Nigam Limited IPO (Rail Vikas IPO) Detail

Mar 29, 2019 - Apr 3, 2019

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 ₹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

Company Promoters:

The promoter of the company is the President of India, acting through the Ministry of Railways, Government of India.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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 Details

IPO Date	Mar 29, 2019 - Apr 3, 2019
Issue Type	Book Built Issue IPO
Issue Size	253,457,280 Eq Shares of ₹10 (aggregating up to ₹481.57 Cr)
Face Value	₹10 per equity share
IPO Price	₹17 to ₹19 per equity share
Retail Discount	₹0.50
Employee Discount	₹0.50
Market Lot	780 Shares
Min Order Quantity	780 Shares
Listing At	BSE, NSE

Rail Vikas IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 29, 2019
Bid/Offer Closes On	Apr 3, 2019
Finalisation of Basis of Allotment	Apr 8, 2019
Initiation of Refunds	Apr 9, 2019
Credit of Shares to Demat Acct	Apr 9, 2019
IPO Shares Listing Date	Apr 11, 2019

Rail Vikas IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	780	₹14,820
Maximum	13	10140	₹192,660

Rail Vikas IPO Subscription Status (Bidding Detail)

Rail Vikas IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Total
Shares Offered	126,400,000	37,920,000	88,480,000	657,280	253,457,280
Apr 3, 2019 18:49	1.36x	0.80x	2.92x	2.11x	1.82x

Rail Vikas IPO Prospectus

› Rail Vikas IPO DRHP
› Rail Vikas IPO RHP

Rail Vikas IPO Rating

880

4.0

Rating:

Vote Here ...

Rail Vikas IPO Listing Date

Listing Date	Thursday, April 11, 2019
BSE Script Code	542649
NSE Symbol	RVNL
Listing In	B
ISIN	INE415G01027
IPO Price	₹19 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹19.00
₹19.00
₹18.60
₹19.75
₹19.05
11,152,232

NSE
₹19.00
₹19.00
₹18.65
₹19.80
₹19.05
89,144,982

Rail Vikas IPO Reviews / Ratings

Company Contact Information

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/en/pages/home.aspx

Rail Vikas IPO Registrar

Alankit Assignments Ltd
   Alankit House 2E/21,
   Jhandewalan Extension,
   New Delhi - 110055

Phone: (011) 4254 1234
Email: rvnl_ipo@alankit.com
Website: https://www.alankit.com/

Rail Vikas IPO Lead Manager(s)

Lead Manager Reports

Rail Vikas IPO FAQs

What is Rail Vikas IPO?

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 equity 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.
When Rail Vikas IPO will open?

The Rail Vikas IPO opens on Mar 29, 2019 and closes on Apr 3, 2019.
What is the lot size of Rail Vikas IPO?

Rail Vikas IPO lot size is 780 Shares and the minimum order quantity is 780 Shares.
How to apply for Rail Vikas IPO?

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.
When Rail Vikas IPO allotment?

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.
When is Rail Vikas IPO listing date?

The Rail Vikas IPO listing date is on Thursday, April 11, 2019.

Rail Vikas IPO Message Board

Ranked Members

213. Pratiek Bhatia |May 4, 2019 08:21

Hi,

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?

212. O.P.kalra |Apr 29, 2019 14:11

Hi,

I had applied 10140 shares of RVNL IPO @18.50 in each of 14 family members account through ASBA but got only 780 shares in 5 accounts.Please advise.

212.1. Rahul Popat |May 14, 2019 20:57

Dear

Under 200000 application allotment of one lot only if retail over subscribed other wise you get full. So rvnl over subscribe so you get one lot on lottery base system

So better to apply one lot only

If you apply in hni means more than 200000 then you receive in ratio of hni subscription.

211. Neelesh Chouhan |Apr 21, 2019 19:16

Two lot rakhe he
Hold karu ya sell
Seniors please guide me
Thanks in advance

210. harit |Apr 20, 2019 11:37

IPO Guru (1500+ Posts, 2600+ Likes)

Thanks
I am always there with the group

209. harit |Apr 20, 2019 11:37

IPO Guru (1500+ Posts, 2600+ Likes)

Thanks
I am always there with the group

208. harit |Apr 19, 2019 17:44

IPO Guru (1500+ Posts, 2600+ Likes)

Team chittorgarh
Dear admin
Kindy update numbers of my posts and likes of my account
It has been stuck for so long
900+ &1400+

Load more comments (3 replies)

208.4. Athar |Apr 20, 2019 10:40

Congratulations to IPO guru Mr Harit

208.5. Athar |Apr 20, 2019 10:42

May Almighty help to continue your service to the ipo community

207. Ajax |Apr 11, 2019 20:38

@ 19/- valuation this company has P/E ratio of 7x, that means the investment will be recovered in only 7 years @ current earnings. The company has enough work in order-book to keep busy for the next 3-4 years. Only advice is to Buy now.

Load more comments (1 replies)

207.2. Bhaskar raj |Apr 15, 2019 20:08

Thanks for good resurch

207.3. Ajax |Apr 17, 2019 18:28

I hope some of you guys baught it at 19, because now after 6 days, it is trading at 25.6 :)

206. Arun Sharma |Apr 17, 2019 17:50

anybody predict upcoming target or suggest for book profit or not...

205. RAJAKUMAR |Apr 11, 2019 11:20

IPO Guru (1300+ Posts, 900+ Likes)

Rakesh Jhunjhunwala effect now crosses 19.7, It will go further.

205.1. RAJAKUMAR |Apr 17, 2019 09:45

IPO Guru (1300+ Posts, 900+ Likes)

One can partial book profit.

204. GrowYourMoney |Apr 15, 2019 10:49

Top Contributor (300+ Posts, 300+ Likes)

Hold tight this slow but steady winner..
Can't rule out 24-25 in April-May...
Great Business..
Sarkari but Sanskari...

Load more comments (1 replies)

204.2. HiteshS |Apr 15, 2019 13:53

Boom Boom !!

204.3. GrowYourMoney |Apr 16, 2019 10:22

Top Contributor (300+ Posts, 300+ Likes)

I predict 25 in two months but it surpassed the target in two days only...

Loved the show

Short term player may book Profits

I gonna hold it

203. Arya maddy |Apr 16, 2019 07:38

What is todays expactations???
Can amyone suggest??

202. Shams |Apr 11, 2019 11:38

Don't sell now. Accumulate between 19-19.3. wait to cross 20 in couple of days or hold for long term to see 22-23 level.

202.1. Shams |Apr 15, 2019 22:58

See I told you hold you guys. Next level will be around 26.
Hold tightly.

201. Analyst. Ipo |Apr 11, 2019 16:26

Now short term craze is over in this stock.. From tomorrow it would be sideline till result date. Range between 18.75 to 19.5.Once result date declare it will go to 22+.

201.1. HiteshS |Apr 15, 2019 13:53

Already out of the range you were telling about. ANy new targets that u see in ths script?

201.2. Analyst. Ipo |Apr 15, 2019 15:19

I think valuation catch up and RJ havoc it may touch to 25...beyong that this scrip. Is expensive. Valuation equal TO IRCON. My suggestion to sell @25 and buy when ever it may come to 20.

200. GrowYourMoney |Apr 10, 2019 10:04

Top Contributor (300+ Posts, 300+ Likes)

It's a worth a Portfolio Stock..
No wonder RJ or any big shot willing have it in their PF...

200.1. GrowYourMoney |Apr 15, 2019 13:51

Top Contributor (300+ Posts, 300+ Likes)

Some time Mr Market take little bit more time to give deserved due to some Cos

I believe RVNL could be steady wealth creator

199. Neelesh Chouhan |Apr 15, 2019 12:08

Aag Laga di.
PSU me kaun bol raha tha mat lagao

198. Best wishes |Apr 12, 2019 11:19

Sold 2 lots @19.8 , hold 01 lot.
@ Aniketiaf,
Thanks sir. You are the only person who was always bullish on RVNL and Metropolis from first day to listening day without affected by poor subscription, poor GMP.
Allotted with 02 lots in Metropolis and I m confident of your 10% listing gain target will must be achieved.

198.1. Aniketiaf |Apr 15, 2019 11:56

IPO Guru (1100+ Posts, 7000+ Likes)

Rail vikas is @ 22. Up by 12%

197. K Arun |Apr 15, 2019 11:48

IT IS ROCKING

196. GrowYourMoney |Apr 15, 2019 11:44

Top Contributor (300+ Posts, 300+ Likes)

It seems RVNL doesn't want to stay slow..
Now Near 22
20% Gains for Retail Investors

195. Mohammad abbas |Apr 12, 2019 13:00

I didn't got allotted by a single share,
And my amount is still locked.
And it has not been released.
My bank is union bank of India.
Has anyone phased this problem...??

Load more comments (1 replies)

195.2. Mohammad abbas |Apr 12, 2019 20:58

I have contacted to bank manager and alankit..
They are not helping me properly.
They are not giving me proper answer and solution for it

195.3. IPOINPUT |Apr 15, 2019 07:04

File online complaint on SEBI site. You will get resolution in two three working days for sure.

194. Analyst. Ipo |Apr 11, 2019 12:33

Looking psu underperformance, many have build short in the morning..last 1 hr stock will cross 20as they need to recover their position by eod.. Do not sell in hurry.

194.1. Rockstar Naved |Apr 11, 2019 16:15

Looks like last 1 hr made share more volatile.....whts ur opinion for tommorow

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