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
The promoter of the company is the President of India, acting through the Ministry of Railways, Government of India.
| 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
| 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 |
| 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 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 780 | ₹14,820 |
| Maximum | 13 | 10140 | ₹192,660 |
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 |
| 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 |
|
|
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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/en/pages/home.aspx
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 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 price of the IPO is ₹17 to ₹19 Per Equity Share. The minimum order quantity is 780 Shares per application and the offer type is Book Built Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Rail Vikas IPO lot size is 780 Shares and the minimum order quantity is 780 Shares.
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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?