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Rail Vikas Nigam Limited IPO (Rail Vikas IPO) Detail

March 29, 2019 - April 3, 2019

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.

Rail Vikas IPO Details

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 Size253,457,280 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

Rail Vikas IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered126,400,000 (49.87%)NA
NII (HNI) Shares Offered37,920,000 (14.96%)
Retail Shares Offered88,480,000 (34.91%)113,435
Employee Shares Offered657,280 (0.26%)NA
Total Shares Offered253,457,280 (100%)

Rail Vikas IPO Timeline (Tentative Schedule)

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

Rail Vikas IPO Lot Size

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

About Rail Vikas Nigam Limited

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

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 (Rail Vikas IPO Objectives)

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 Review (May apply)

[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...

Rail Vikas IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Rail Vikas IPO Prospectus

Rail Vikas IPO Rating

Rating:Rated 4.0 stars
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Rail Vikas IPO Listing Details

Listing Date April 11, 2019
BSE Script Code 542649
ISIN INE415G01027
Final Issue Price ₹19 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Rail Vikas Nigam Limited Contact Details

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

Rail Vikas IPO Registrar

Alankit Assignments Ltd

Phone: (011) 4254 1234

Rail Vikas IPO FAQs

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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



213. Pratiek Bhatia |   Link |  Bookmark |May 4, 2019 8:21:55 AM

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 |   Link |  Bookmark |April 29, 2019 2:11:51 PM

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 |   Link |  Bookmark |May 14, 2019 8:57:49 PM (200+ Posts, 400+ Likes)

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 |   Link |  Bookmark |April 21, 2019 7:16:59 PM
Two lot rakhe he
Hold karu ya sell
Seniors please guide me
Thanks in advance
210. harit |   Link |  Bookmark |April 20, 2019 11:37:32 AM
I am always there with the group
209. harit |   Link |  Bookmark |April 20, 2019 11:37:19 AM
I am always there with the group
208. harit |   Link |  Bookmark |April 19, 2019 5:44:31 PM
Team chittorgarh
Dear admin
Kindy update numbers of my posts and likes of my account
It has been stuck for so long
900+ &1400+
208.4. Athar |   Link |  Bookmark |April 20, 2019 10:40:35 AM (200+ Posts)
Congratulations to IPO guru Mr Harit
208.5. Athar |   Link |  Bookmark |April 20, 2019 10:42:19 AM (200+ Posts)
May Almighty help to continue your service to the ipo community
207. Ajax |   Link |  Bookmark |April 11, 2019 8:38:33 PM
@ 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.
207.2. Bhaskar raj |   Link |  Bookmark |April 15, 2019 8:08:39 PM
Thanks for good resurch
207.3. Ajax |   Link |  Bookmark |April 17, 2019 6:28:15 PM
I hope some of you guys baught it at 19, because now after 6 days, it is trading at 25.6 :)
206. Arun Sharma |   Link |  Bookmark |April 17, 2019 5:50:39 PM
anybody predict upcoming target or suggest for book profit or not...
205. RAJAKUMAR |   Link |  Bookmark |April 11, 2019 11:20:08 AM (1400+ Posts, 1200+ Likes)
Rakesh Jhunjhunwala effect now crosses 19.7, It will go further.
205.1. RAJAKUMAR |   Link |  Bookmark |April 17, 2019 9:45:32 AM (1400+ Posts, 1200+ Likes)
One can partial book profit.
204. GrowYourMoney |   Link |  Bookmark |April 15, 2019 10:49:52 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Hold tight this slow but steady winner..
Can't rule out 24-25 in April-May...
Great Business..
Sarkari but Sanskari...
204.2. HiteshS |   Link |  Bookmark |April 15, 2019 1:53:50 PM
Boom Boom !!
204.3. GrowYourMoney |   Link |  Bookmark |April 16, 2019 10:22:03 AM
Top Contributor Top Contributor (400+ Posts, 400+ 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 |   Link |  Bookmark |April 16, 2019 7:38:45 AM
What is todays expactations???
Can amyone suggest??
202. Shams |   Link |  Bookmark |April 11, 2019 11:38:54 AM
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 |   Link |  Bookmark |April 15, 2019 10:58:12 PM
See I told you hold you guys. Next level will be around 26.
Hold tightly.
201. Analyst. Ipo |   Link |  Bookmark |April 11, 2019 4:26:46 PM
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 |   Link |  Bookmark |April 15, 2019 1:53:09 PM
Already out of the range you were telling about. ANy new targets that u see in ths script?
201.2. Analyst. Ipo |   Link |  Bookmark |April 15, 2019 3:19:40 PM
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 |   Link |  Bookmark |April 10, 2019 10:04:22 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
It's a worth a Portfolio Stock..
No wonder RJ or any big shot willing have it in their PF...
200.1. GrowYourMoney |   Link |  Bookmark |April 15, 2019 1:51:16 PM
Top Contributor Top Contributor (400+ Posts, 400+ 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 |   Link |  Bookmark |April 15, 2019 12:08:52 PM
Aag Laga di.
PSU me kaun bol raha tha mat lagao
198. Best wishes |   Link |  Bookmark |April 12, 2019 11:19:50 AM
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 |   Link |  Bookmark |April 15, 2019 11:56:32 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Rail vikas is @ 22. Up by 12%
197. K Arun |   Link |  Bookmark |April 15, 2019 11:48:15 AM
196. GrowYourMoney |   Link |  Bookmark |April 15, 2019 11:44:55 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
It seems RVNL doesn't want to stay slow..
Now Near 22
20% Gains for Retail Investors
195. Mohammad abbas |   Link |  Bookmark |April 12, 2019 1:00:21 PM
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...??
195.2. Mohammad abbas |   Link |  Bookmark |April 12, 2019 8:58:44 PM
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 |   Link |  Bookmark |April 15, 2019 7:04:29 AM
File online complaint on SEBI site. You will get resolution in two three working days for sure.
194. Analyst. Ipo |   Link |  Bookmark |April 11, 2019 12:33:03 PM
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 |   Link |  Bookmark |April 11, 2019 4:15:54 PM
Looks like last 1 hr made share more volatile.....whts ur opinion for tommorow