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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 ₹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

Issue OpenMar 29, 2019 - Apr 3, 2019
Issue TypeBook Built Issue IPO
Issue Size253,457,280 Eq Shares of Rs 10
(aggregating up to Rs 481.57 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 17 - Rs 19 Per Equity Share
Retail Discount₹0.50
Employee Discount₹0.50
Market Lot780 Shares
Min Order Quantity780 Shares
Listing AtBSE, NSE

Rail Vikas IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 29, 2019
Bid/Offer Closes OnApr 3, 2019
Finalisation of Basis of AllotmentApr 8, 2019
Initiation of RefundsApr 9, 2019
Credit of Shares to Demat Acct:Apr 9, 2019
IPO Shares Listing Date:Apr 11, 2019

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 Rating

880
4.0
Rating:Rated 4.0 stars

Vote Here ...

Rail Vikas IPO Listing Date

Listing DateThursday, April 11, 2019
BSE Script Code542649
NSE SymbolRVNL
Listing InB
ISININE415G01027
Issue PriceRs 19 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 19.00
Rs 19.00
Rs 18.60
Rs 19.75
Rs 19.05
11,152,232
NSE
Rs 19.00
Rs 19.00
Rs 18.65
Rs 19.80
Rs 19.05
89,144,982

Rail Vikas IPO Reviews / Ratings

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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/

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Rail Vikas IPO Review / Comments

Pratiek Bhatia
213. Pratiek Bhatia  May 4, 2019 08:21 I Like It. | Report Abuse
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?
O.P.kalra
212. O.P.kalra  Apr 29, 2019 14:11 I Like It. | Report Abuse
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.
Rahul Popat
212.1. Rahul Popat  May 14, 2019 20:57 I Like It. 2 | Report Abuse
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.
Neelesh Chouhan
211. Neelesh Chouhan  Apr 21, 2019 19:16 I Like It. | Report Abuse
Two lot rakhe he
Hold karu ya sell
Seniors please guide me
Thanks in advance
harit
210. harit  Apr 20, 2019 11:37 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Thanks
I am always there with the group
harit
209. harit  Apr 20, 2019 11:37 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
Thanks
I am always there with the group
harit
208. harit  Apr 19, 2019 17:44 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1700+ 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+
Athar
208.4. Athar  Apr 20, 2019 10:40 I Like It. 1 | Report Abuse
Congratulations to IPO guru Mr Harit
Athar
208.5. Athar  Apr 20, 2019 10:42 I Like It. 1 | Report Abuse
May Almighty help to continue your service to the ipo community
Ajax
207. Ajax  Apr 11, 2019 20:38 I Like It. 1 | Report Abuse
@ 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.
Bhaskar raj
207.2. Bhaskar raj  Apr 15, 2019 20:08 I Like It. | Report Abuse
Thanks for good resurch
Ajax
207.3. Ajax  Apr 17, 2019 18:28 I Like It. | Report Abuse
I hope some of you guys baught it at 19, because now after 6 days, it is trading at 25.6 :)
Arun Sharma
206. Arun Sharma  Apr 17, 2019 17:50 I Like It. 1 | Report Abuse
anybody predict upcoming target or suggest for book profit or not...
RAJAKUMAR
205. RAJAKUMAR  Apr 11, 2019 11:20 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Rakesh Jhunjhunwala effect now crosses 19.7, It will go further.
RAJAKUMAR
205.1. RAJAKUMAR  Apr 17, 2019 09:45 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
One can partial book profit.
GrowYourMoney
204. GrowYourMoney  Apr 15, 2019 10:49 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Hold tight this slow but steady winner..
Can't rule out 24-25 in April-May...
Great Business..
Sarkari but Sanskari...
HiteshS
204.2. HiteshS  Apr 15, 2019 13:53 I Like It. 1 | Report Abuse
Boom Boom !!
GrowYourMoney
204.3. GrowYourMoney  Apr 16, 2019 10:22 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ 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
Arya maddy
203. Arya maddy  Apr 16, 2019 07:38 I Like It. | Report Abuse
What is todays expactations???
Can amyone suggest??
Shams
202. Shams  Apr 11, 2019 11:38 I Like It. 2 | Report Abuse
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.
Shams
202.1. Shams  Apr 15, 2019 22:58 I Like It. | Report Abuse
See I told you hold you guys. Next level will be around 26.
Hold tightly.
Analyst. Ipo
201. Analyst. Ipo  Apr 11, 2019 16:26 I Like It. 2 | Report Abuse
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+.
HiteshS
201.1. HiteshS  Apr 15, 2019 13:53 I Like It. | Report Abuse
Already out of the range you were telling about. ANy new targets that u see in ths script?
Analyst. Ipo
201.2. Analyst. Ipo  Apr 15, 2019 15:19 I Like It. 1 | Report Abuse
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.
GrowYourMoney
200. GrowYourMoney  Apr 10, 2019 10:04 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
It's a worth a Portfolio Stock..
No wonder RJ or any big shot willing have it in their PF...
GrowYourMoney
200.1. GrowYourMoney  Apr 15, 2019 13:51 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ 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
Neelesh Chouhan
199. Neelesh Chouhan  Apr 15, 2019 12:08 I Like It. | Report Abuse
Aag Laga di.
PSU me kaun bol raha tha mat lagao
Best wishes
198. Best wishes  Apr 12, 2019 11:19 I Like It. 7 | Report Abuse
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.
Aniketiaf
198.1. Aniketiaf  Apr 15, 2019 11:56 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 4700+ Likes)
Rail vikas is @ 22. Up by 12%
K Arun
197. K Arun  Apr 15, 2019 11:48 I Like It. | Report Abuse
IT IS ROCKING
GrowYourMoney
196. GrowYourMoney  Apr 15, 2019 11:44 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
It seems RVNL doesn't want to stay slow..
Now Near 22
20% Gains for Retail Investors
Mohammad abbas
195. Mohammad abbas  Apr 12, 2019 13:00 I Like It. | Report Abuse
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...??
Mohammad abbas
195.2. Mohammad abbas  Apr 12, 2019 20:58 I Like It. | Report Abuse
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
IPOINPUT
195.3. IPOINPUT  Apr 15, 2019 07:04 I Like It. | Report Abuse
File online complaint on SEBI site. You will get resolution in two three working days for sure.
Analyst. Ipo
194. Analyst. Ipo  Apr 11, 2019 12:33 I Like It. 2 | Report Abuse
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.
Rockstar Naved
194.1. Rockstar Naved  Apr 11, 2019 16:15 I Like It. | Report Abuse
Looks like last 1 hr made share more volatile.....whts ur opinion for tommorow



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