Rail Vikas Nigam Limited IPO is hitting the markets on Mar 29, 2019. The Issue will remain open for subscription till Apr 03, 2019. The Price band for the Rail Vikas Nigam Limited IPO or RVNL IPO is fixed at Rs.17 per share to Rs.19 per share with lot size of 780 shares. The Issue type is Book building Get more information about the IPO like Company details, Outlook, reviews and IPO allotment status here. The IPO may be applied though ASBA route. For retail application, the max application size should be less than Rs. 2 lacs.
Also check Rail Vikas Nigam Limited (RVNL) IPO Allotment Status on the link given here below
About Rail Vikas Nigam Limited
Rail Vikas Nigam Limited was incorporated on January 24, 2003 in Delhi by Government of India. Rail Vikas Nigam Limited (RVNL) is a wholly owned government company, a Miniratna (Category – I) Schedule ‘A’ Central Public Sector Enterprise, incorporated by the Ministry of Railways (“MoR”).
The Company, as the name suggests, handles the projects related to railways for Ministry of Railways involving projects related to rail network involving mobilization of financial resources and implementation of rail projects with better efficiency. The company is instrumental in laying of rail network and has successfully completed a total of more than 885 rKM of project length including 315rKM of doubling and 425rKM of electrification of railway path.
The company has an order book of more than Rs.775 bn comprising 102 projects. The work on projects ranges from laying new lines, doubling, guage conversion, railway electrification, metro projects, major bridges including cable strayed bridges, workshops and large size institution buildings etc.
Promoters : The president of India, acting through the ministry of Railways, Government Of India
Other Key points about Rail Vikas Nigam Limited
- Manage efficiently it’s all ongoing project development and execution from conceptualisation to commissioning.
- Robust and good financial track record,
- Follow as asset light model to run various types of projects,
- Empowerment by MoR for sanctioning project estimates and award of contracts,
- Strong and smooth operating procedures further to take decision,
- Managed, qualified and experienced workforce and management team.
Objects of Rail Vikas Nigam IPO
To carry out the disinvestment of 252,800,000 Equity Shares held by the Selling Shareholder in the Company, equivalent to 12.12% of the Company’s paid up Equity Share capital of the Company as part of the Net Offer, and 657,280 Equity Shares that have been reserved for Eligible Employees in the Employee Reservation Portion.
To avail the advantages of listing the Equity Shares on the Stock Exchanges. The firm will not get any proceeds from the Offer and all such proceeds will go to the Selling Shareholder.
Key Points to know about Rail Vikas Nigam Limited IPO
Issue Open Date : Mar 29, 2019
Issue Close Date : Apr 03, 2019
Issue Type : Book building
Issue size : ~Rs.430 crores to ~Rs.481 crores with 25,34,57,280 equity shares on offer between the two price bands
Issue Price : Rs.17 to Rs.19 per equity share for an equity share with face value of Rs.10
Market Lot: The Issue lot size or the minimum quantity is 780 shares
Listing : NSE and BSE
Valuation Parameters (basis Past financials)
- Earnings Per Share (EPS): INR2.73
- Price/Earnings (PE ratio): 6.23 – 6.96
- Return on Net Worth (RONW): 14.52%
- Net Asset Value (NAV): INR18.83 per share
FAQ for Rail Vikas Nigam Limited (RVNL) IPO
What is the date of Allotment for Rail Vikas Nigam IPO?
Usually the entire allotment process gets completed within a week o IPO closure date. The Expected date of Allotment of RVNL IPO is Apr 08, 2019. One can check the allotment status on this date online through the below given link
How I need to pay for the shares?
Since this is an IPO through ASBA route, the amount for the applied shares will get blocked in the respective bank account. In case of allotment of shares, the amount get deducted from the bank account else get unblocked. The expected date of unblocking of this amount is the following date of allotment of shares.
When will I get my subscribed shares in my Demat account?
Usually, the allotted shares are credited to demat account atleast a day before listing which in this case Apr 09, 2019
When will the trading begins in the exchanges for Rail Vikas Nigam shares?
The trading in shares of Rail Vikas Nigam begins on the listing day which is April 10, 2019. The trading begins simultaneously in both exchanges i.e. NSE and BSE
What will be the basis of allotment in Rail Vikas Nigam IPO?
The basis of Allotment will be book building. As such, the priority of allotment will be given to subscribers with better price quotes. In case of same rate quotes or “cut off price” the allotment is on the basis of computerized lucky draw.
How can I check Rail Vikas Nigam Limited IPO allotment status?
Earlier is a lengthy and cumbersome process but now it is very simple and online way to check Rail Vikas Nigam Limited IPO allotment status. All you need to do is to click on the below stated link and enter requisite details like application number, PAN number or DP client id. Please proceed to know Rail Vikas Nigam Limited IPO allotment status. Normally there is very high traffic at the time of checking IPO allotment status so one should be very calm and quite for extracting information from the given link
Click here for checking Rail Vikas Nigam IPO Allotment Status
How will I get my refund amount, if shares are not allotted?
In case of unsuccessful investors who did not get the allotment, the amount will get unblocked in their bank account on April 08, 2019.
How to increase chances of allotment in case of Retail investor?
Since the basis of Allotment will ‘Book Building’, the price of application to be filled as ‘Cut off” which signified that the application will be applied as the lowest rate on which the allotment is made. As a retail investor, one should apply for one lot in multiple names. As such in case of over-subscription, each investor taken out of from a computerized lucky draw will be given one lot only. More name in that list increase chances of allotment as well.
Financials:- (Restated Consolidated Financial Record)
| Particulars | For the year/Period ended (Rs. in Millions) | ||||
| Financial Year | 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Equity & Liabilities | 87,324.10 | 85,685.46 | 88,595.72 | 222,156.75 | 161,353.72 |
| Total Revenue | 37,704.03 | 78,222.90 | 61,628.77 | 47,202.93 | 32,697.82 |
| Total Expenses | 34,846.49 | 72,580.62 | 56,737.89 | 35,017.40 | 30,213.39 |
| Profit After Tax (PAT) | 2,536.20 | 5,699.20 | 4,434.62 | 4,294.34 | 3,368.49 |
Rail Vikas Nigam Limited IPO Lead Manager Details:-
1) YES SECURITIES (INDIA) LIMITED
Address: IFC Tower 1 & 2,
Unit no. 602 A, 6th Floor,
Senapati Bapat Marg, Elphinstone Road,
Mumbai- 400 013, India
Telephone: +91 22 3012 6919
Facsimile: +91 22 2421 4508
Email: rvnlipo@yessecuritiesltd.in
Website: www.yesinvest.in
Investor Grievance ID: igc@yessecuritiesltd.in
Contact Person: Mukesh Garg/ Pratik Pednekar
SEBI Registration Number: INM000012227
2) Elara Capital (India) Private Limited
Address: Indiabulls Finance Centre,
Tower 3, 21st Floor, Senapati Bapat Marg,
Elphinstone Road West,
Mumbai – 400 013, India
Telephone: +91 22 6164 8599
Facsimile: +91 22 6164 8589
Email: rvnl.ipo@elaracapital.com
Website: www.elaracapital.com
Investor Grievance ID: mb.investorgrievances@elaracapital.com
Contact Person: Kunal Safari
SEBI Registration Number: INM000011104
3) IDBI CAPITAL MARKETS & SECURITIES LIMITED
Address: 6 th Floor, IDBI Tower,
WTC Complex, Cuffe Parade,
Mumbai – 400 005, India
Telephone: +91 22 2217 1700
Facsimile: +91 22 2215 1787
Email: rvnl.ipo@idbicapital.com
Website: www.idbicapital.com
Investor Grievance ID: redressal@idbicapital.com
Contact Person: Astha Daga
SEBI Registration Number: INM000010866
Registrar To The Issue:-
ALANKIT ASSIGNMENTS LIMITED
Address: 205-208, Anarkali Complex,
Jhandewalan Extension,
New Delhi – 110055, India
Telephone: +91 11 4254 1954/+91 22 4348 1293
Facsimile: +91 11 2355 2001
Email: sarunraj@alankit.com/kamalarora@alankit.com
Website: www.alankit.com
Investor Grievance ID: rvnigr@alankit.com
Contact Person: S Arunraj/ Kamal Arora/ Virender Sharma
SEBI Registration Number: INR000002532
Registered Office Details:-
Rail Vikas Nigam Limited, 1 st floor,
August Kranti Bhawan,
Bhikaji Cama Place, R. K. Puram,
New Delhi 110 066.
ontact Person: Kalpana Dubey, Company Secretary and Compliance Officer;
Telephone: +91 11 2673 8299
Facsimile: +91 11 2618 2957
E-mail: investors@rvnl.org
ebsite: www.rvnl.org
Corporate Identification Number: U74999DL2003GOI118633
