Rail Vikas Nigam Limited (RVNL) IPO Allotment Status, Basis, Subscription, Dates, Price

Rail Vikas Nigam Limited (RVNL) is coming out with an Initial Public offer to sell its equity share at a price band of Rs.17 to Rs.19 per equity share for a face value of Rs.10 per equity share. The RVNL Issue will open on Mar 29, 2019 and closes on Apr 03,  2019. At Price bands, the approx Issue size will range from ~Rs.430 crores to Rs. 481 crores. Being the Government company, the promoter is The President of India, through the Ministry of Railways. The lot for applying IPO is of 780 equity share each thus minimum investment in the range of Rs.13,260 at lower band and Rs.14820 at upper band.

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”), engaged in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

During the financial year ending March 31, 2018, RVNL has completed a total of 885.50 rkm of project length which includes 315.20 rkm of doubling and 425 rkm of railway electrification. Company’s major client is the Indian Railways & other clients include various central and state government ministries, departments, and public sector undertakings. With an order book of Rs.77,504.2 cr ($11 billion) as on December 31, 2018, company is currently working on 102 ongoing projects.

The Objects of Rail Vikas Nigam Limited (RVNL) IPO are

1. 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.
2. 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.

Financials for Rail Vikas Nigam Limited (RVNL) for Past period

Important Pointers for Rail Vikas Nigam Limited IPO are as below

Bid details for Rail Vikas Nigam Limited (RVNL) IPO

Subscription figures for Rail Vikas Nigam Limited (RVNL) IPO

Important Milestones for Rail Vikas Nigam Limited (RVNL) IPO

• Issue opens on Mar 29, 2019 and closes on Apr 03, 2019
• The Allotment date for Rail Vikas Nigam Limited (RVNL) IPO issue is expected on Apr 8,2019.
• The amount for unsuccessful investor will get unblocked on Apr 9, 2019.
• The Shares of RVNL will get credited to Demat accounts on Apr 9, 2019.
• The Shares of RVNL Limited  will be listed on both NSE and BSE on Apr 10,2019 

Check Rail Vikas Nigam Limited (RVNL) IPO Allotment Status Online

The applicants can check their Rail Vikas Nigam Limited (RVNL) IPO Allotment Status on the Tentative Date of Allotment, normally scheduled at 3rd or 4th working day after the IPO Closure. SEBI has mandates timelines for completion of IPO Allotment and as such the entire process of allotment gets completed in a week after the IPO closure. The Tentative date for Rail Vikas Nigam Limited (RVNL) IPO Allotment Status is April 08,2019.

Since the Subscription was not so great for Rail Vikas Nigan IPO, the chances of getting share allotment for Rail Vikas Nigam Limted is high. With Oversubscription of 1.83 times and retail subscription of 1.98 times, almost every retail investor is having great chances to get IPO allotment. Keep checking this space after second half to know the Rail vikas Ipo allotment status.

One can check Rail Vikas Nigam IPO Allotment Status by following 3 simple steps

1. Visit to the website of RTA (Alankit for this IPO) on a given Link specifically for checking Rail Vikas Nigam Limited (RVNL) IPO Allotment Status
2. Enter detail like PAN number or Demat Account number or Application number
3. Check status

CHECK RAIL VIKAS IPO ALLOTMENT STATUS

What next after Rail Vikas Nigam Limited (RVNL) IPO Allotment Status

In case you are successful applicant, the share will get credited to your Demat account in next 1-2 days specifically before Listing date. As such, you are  free to keep or sell your allocated shares. In case, you have not received allotment, the amount blocked in your bank account will get unblocked.

Few Important Addresses