Rail Vikas IPO description – 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 is 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.
Since its inception in 2003, MoR has transferred 179 projects to Rail Vikas Nigam of which 174 projects are sanctioned for execution.
Out of these, 72 projects have been fully completed totalling to INR205,672.80 million and the balance are ongoing. The company has an order book of INR775,042.80 million as on 31 December 2018 which includes 102 ongoing projects.
Rail Vikas Nigam works on a turnkey basis and undertakes the full cycle of project development and its activities can be classified under New lines, Doubling, Gauge conversion, Railway electrification, Metropolitan transport projects, and Workshops.
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During the financial year ending 31 March 2018, the company hascompleted a total of 885.50 rkm (Route Kilometers) of project length which included 315.20 rkm of doubling and 425 rkm of railway electrification.
Promoters of Rail Vikas – The President Of India
|Rail Vikas IPO details|
|Subscription Dates||29 March – 3 April 2019|
|Price Band||INR17 – 19 per share (Retail and employee discount – INR0.50 per share)|
|Offer For Sale||253,457,280 shares (INR430.88 – 481.57 crore)|
|Total IPO size||253,457,280 shares (INR430.88 – 481.57 crore)|
|Minimum bid (lot size)||780 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|Rail Vikas Nigam’s financial performance (in INR crore)|
|Net margin (%)||10.3||9.1||7.2||7.3||6.7|
More about Rail Vikas Nigam
Rail Vikas Nigam Contact Details
Rail Vikas Nigam Limited
1st floor, August Kranti Bhawan
Bhikaji Cama Place, R.
New Delhi 110 066
Phone: +91 11 2673 8299
Registrar of RVNL IPO
Alankit Assignments Limited
205-208, Anarkali Complex,
New Delhi – 110 055
Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: [email protected]
Valuation of Rail Vikas Nigam IPO (FY2018)
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
Rail Vikas IPO Subscription Details
|Category||Shares offered||Subscription (no.
of times, at 5pm)
|Day 1||Day 2||Day 3||Day 4|
Rail Vikas Nigam IPO Allotment Status
Rail Vikas Nigam IPO allotment status is now available on Alankit Assignments’ website.
Click on this linkto get allotment status.
Listing Performance of Rail Vikas Nigam Limited
IPO Opening Date: 29 March 2019
IPO Closing Date: 3 April 2019
Finalisation of Basis of Allotment: 8 April 2019
Initiation of refunds: 9 April 2019
Transfer of shares to demat accounts: 9 April 2019
Listing Date: 11 April 2019
Listing Price on NSE: INR19 per share (no change from IPO price)
Closing Price on NSE: INR19.05 per share (up 0.26% from IPO price)