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Rail Vikas Nigam IPO is a book build issue of ₹476.86 crores. The issue is entirely an offer for sale of 25.35 crore shares of ₹476.86 crore.
Rail Vikas Nigam IPO bidding started from Mar 29, 2019 and ended on Apr 3, 2019. The allotment for Rail Vikas Nigam IPO was finalized on Apr 8, 2019. The shares got listed on BSE, NSE on Apr 11, 2019.
Rail Vikas Nigam IPO price band is set at ₹19.00 per share . The lot size for an application is 780. The minimum amount of investment required by an retail is ₹13,260 (780 shares). The lot size investment for sNII is 14 lots (10,920 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (53,040 shares), amounting to ₹10,07,760.
The issue includes a reservation of up to 6,57,280 shares for employees offered at a discount of ₹0.50 to the issue price.
Elara Capital (India) Pvt.Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue.
Refer to Rail Vikas Nigam IPO RHP for detailed Information.
| IPO Date | March 29, 2019 to April 3, 2019 |
| Listing Date | April 11, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹17 to ₹19 per share |
| Issue Price Final | ₹19 per share |
| Lot Size | 780 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 25,34,57,280 shares (aggregating up to ₹476.86 Cr) |
| Retail Discount | Rs 0.50 per share |
| Employee Discount | ₹0.50 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,08,50,20,100 shares |
| Share Holding Post Issue | 2,08,50,20,100 shares |
Rail Vikas IPO offers total 25,34,57,280 shares. Out of which 12,64,00,000 (49.87%) allocated to QIB, 3,79,20,000 (14.96%) allocated to NII, 8,84,80,000 (34.91%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 12,64,00,000 (49.87%) | NA |
| NII (HNI) Shares Offered | 3,79,20,000 (14.96%) | NA |
| Retail Shares Offered | 8,84,80,000 (34.91%) | 1,13,435 |
| Employee Shares Offered | 6,57,280 (0.26%) | NA |
| Total Shares Offered | 25,34,57,280 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Rail Vikas Nigam IPO opens on March 29, 2019, and closes on April 3, 2019.
| IPO Open Date | Fri, Mar 29, 2019 |
| IPO Close Date | Wed, Apr 3, 2019 |
| Tentative Allotment | Mon, Apr 8, 2019 |
| Initiation of Refunds | Tue, Apr 9, 2019 |
| Credit of Shares to Demat | Tue, Apr 9, 2019 |
| Tentative Listing Date | Thu, Apr 11, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 3, 2019 |
Investors can bid for a minimum of 780 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 780 | ₹14,820 |
| Retail (Max) | 13 | 10,140 | ₹1,92,660 |
| S-HNI (Min) | 14 | 10,920 | ₹2,07,480 |
| S-HNI (Max) | 67 | 52,260 | ₹9,92,940 |
| B-HNI (Min) | 68 | 53,040 | ₹10,07,760 |
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
| 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 | |
[Dilip Davda] RVNL is a consultancy service Miniratna PSU under Ministry of Railways and offers fee-based consultancy services for the development of Railways and related works. Railway segment is poised for bright prospects ahead with its ongoing developments and expansion plans. RVNL's reasonably priced offer provides a good opportunity for long term rewards on investments. Investors may consider investment in this lucrative consultancy service offering PSU. Read detail review...
| Listing Date | April 11, 2019 |
| BSE Script Code | 542649 |
| NSE Symbol | RVNL |
| ISIN | INE415G01027 |
| Final Issue Price | ₹19 per share |
| BSE Listing Group | B |
Rail Vikas Nigam Ltd.
Rail Vikas Nigam Limited, 1 st floor,
August Kranti Bhawan, Bhikaji Cama Place,
R. K. Puram, New Delhi 110 066
Delhi, New Delhi
Phone: +91 11 2673 8299
Email: investors@rvnl.org
Website: https://www.rvnl.org/
Alankit Assignments Ltd.
Phone: (011) 4254 1234
Email: rvnl_ipo@alankit.com
Website: http://ipo.alankit.com/
Rail Vikas Nigam IPO is a main-board IPO of 25,34,57,280 equity shares of the face value of ₹10 aggregating up to ₹476.86 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 780.
The IPO opens on March 29, 2019, and closes on April 3, 2019.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rail Vikas Nigam IPO using UPI as a payment gateway. Zerodha customers can apply in Rail Vikas Nigam IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rail Vikas Nigam IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rail Vikas Nigam IPO opens on March 29, 2019 and closes on April 3, 2019.
Rail Vikas Nigam IPO lot size is 780, and the minimum amount required for application is ₹14,820.
You can apply in Rail Vikas Nigam IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rail Vikas Nigam IPO will be done on Monday, April 8, 2019, and the allotted shares will be credited to your demat account by Tuesday, April 9, 2019. Check the Rail Vikas Nigam IPO allotment status.
The Rail Vikas Nigam IPO listing date is on Thursday, April 11, 2019.
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