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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 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 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 Opening Date Mar 29, 2019
IPO Closing Date Apr 3, 2019
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹17 to ₹19 per equity share
Market Lot 780 Shares
Min Order Quantity 780 Shares
Listing At BSE, NSE
Issue Size253,457,280 Eq Shares of ₹10
(aggregating up to ₹481.57 Cr)
Retail Discount ?0.50
Employee Discount ?0.50

Rail Vikas IPO Tentative Timetable

The Rail Vikas IPO open date is Mar 29, 2019, and the close date is Apr 3, 2019. The issue may list on Apr 11, 2019.

IPO Open Date Mar 29, 2019
IPO Close Date Apr 3, 2019
Basis of Allotment Date Apr 8, 2019
Initiation of Refunds Apr 9, 2019
Credit of Shares to Demat Account Apr 9, 2019
IPO Listing Date Apr 11, 2019

Rail Vikas IPO Lot Size

The Rail Vikas IPO market 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 (Cut-off)
Minimum 1 780 ₹14,820
Maximum 13 10140 ₹192,660

Rail Vikas IPO Subscription Status (Bidding Detail)

The Rail Vikas IPO is subscribed 1.82 times on 4/3/2019 6:49:01 PM. The public issue subscribed 2.92 in the retail category, 1.36 in the QIB category, and 0.80 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.36
NII0.80
Retail2.92
Employee2.11
Total1.82

Rail Vikas IPO Prospectus

Rail Vikas IPO Rating

880
4.0
Rating:Rated 4.0 stars
Vote Here ...

Rail Vikas IPO Listing Date

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 equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

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/

Rail Vikas IPO Registrar

Alankit Assignments Ltd

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

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 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.

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 780 Shares.

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.

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

Rail Vikas IPO Message Board

Ranked Members  Ranked Members

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359 Comments

213. Pratiek Bhatia |May 4, 2019 9:21:55 AM
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 3:11:51 PM
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 9:57:49 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
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 8:16:59 PM
Two lot rakhe he
Hold karu ya sell
Seniors please guide me
Thanks in advance
210. harit |Apr 20, 2019 12:37:32 PM
IPO Guru IPO Guru (1800+ Posts, 3100+ Likes)
Thanks
I am always there with the group
209. harit |Apr 20, 2019 12:37:19 PM
IPO Guru IPO Guru (1800+ Posts, 3100+ Likes)
Thanks
I am always there with the group
208. harit |Apr 19, 2019 6:44:31 PM
IPO Guru IPO Guru (1800+ Posts, 3100+ 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+
208.4. Athar |Apr 20, 2019 11:40:35 AM
Congratulations to IPO guru Mr Harit
208.5. Athar |Apr 20, 2019 11:42:19 AM
May Almighty help to continue your service to the ipo community
207. Ajax |Apr 11, 2019 9:38:33 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 |Apr 15, 2019 9:08:39 PM
Thanks for good resurch
207.3. Ajax |Apr 17, 2019 7:28:15 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 |Apr 17, 2019 6:50:39 PM
anybody predict upcoming target or suggest for book profit or not...
205. RAJAKUMAR |Apr 11, 2019 12:20:08 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Rakesh Jhunjhunwala effect now crosses 19.7, It will go further.
205.1. RAJAKUMAR |Apr 17, 2019 10:45:32 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
One can partial book profit.
204. GrowYourMoney |Apr 15, 2019 11:49:52 AM
Top Contributor 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...
204.2. HiteshS |Apr 15, 2019 2:53:50 PM
Boom Boom !!
204.3. GrowYourMoney |Apr 16, 2019 11:22:03 AM
Top Contributor 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 8:38:45 AM
What is todays expactations???
Can amyone suggest??
202. Shams |Apr 11, 2019 12:38:54 PM
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 11:58:12 PM
See I told you hold you guys. Next level will be around 26.
Hold tightly.
201. Analyst. Ipo |Apr 11, 2019 5:26:46 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 |Apr 15, 2019 2:53:09 PM
Already out of the range you were telling about. ANy new targets that u see in ths script?
201.2. Analyst. Ipo |Apr 15, 2019 4:19:40 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 |Apr 10, 2019 11:04:22 AM
Top Contributor 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 2:51:16 PM
Top Contributor 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 1:08:52 PM
Aag Laga di.
PSU me kaun bol raha tha mat lagao
198. Best wishes |Apr 12, 2019 12:19:50 PM
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 12:56:32 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Rail vikas is @ 22. Up by 12%
197. K Arun |Apr 15, 2019 12:48:15 PM
IT IS ROCKING
196. GrowYourMoney |Apr 15, 2019 12:44:55 PM
Top Contributor 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 2:00:21 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 |Apr 12, 2019 9:58:44 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 |Apr 15, 2019 8:04:29 AM
File online complaint on SEBI site. You will get resolution in two three working days for sure.
194. Analyst. Ipo |Apr 11, 2019 1:33:03 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 |Apr 11, 2019 5:15:54 PM
Looks like last 1 hr made share more volatile.....whts ur opinion for tommorow