Rvnl Ipo Listing Date

Rvnl ipo listing date

RVNL IPO Allotment Status Available now on ipo.alankit.com

Good News Rail Vikas Nigam Limited, RVNL Allotment Status Live available on ipo.alankit.com.

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Those who subscribers can check status by Entering PAN Number or Application Number at website ipo.alankit.com

The IPO of Rail Vikas Nigam, has fully subscribed on the Closing date Wednesday. It was subscribed 1.17 times in the afternoon till 3 o’clock.

RVNL IPO Allotment Status Available now on ipo.alankit.com

According to the data from NSE, the bid for the total of 29,34,57,280 shares for 25,34,57,280 shares in this IPO was achieved.

Check RVNL Stock Price / Share Price Here

Offer size is
being offered to RVNL’s 2,53,457,280 shares in the price band of Rs 17-19.

The size of this issue at the upper end of the price band is Rs 482 crore. This IPO is coming to the market at such a time when another government company MSTC had to increase the period of its issue due to weak demand from the investors.

The IPO finally got 1.46 times the bids.

This offer of RVNL is 12.12 percent of the company’s paid-up equity share capital.

Company Financials:

There will be a discount of 0.50 per share on the offer price.

Rail Vikas Nigam Limited : RVNL Ipo Allotment Status, Listing Date & Listing Price

RVNL Ipo opnened on 29th march and closed on 3rd april 2019.

It was subscribed 1.17 times so the chances of getting the ipo allotment is higher.

 

Since the closing date we haven’t heard about the dates of allotment / listing form the nse or bse.

Rail Vikas Nigam Limited IPO Analysis - RVNL IPO Review in Hindi - Indian Railway PSU IPO 2019

But as per some yammering in the stock market the listing date could be 10th April 2019. There’s So many opportunity this ipo brought to the investors who are looking for small profit.

An Initial Public Offer of Rail Vikas Nigam Limited (RVNL), which has a rank of Amit Mudgal, Miniratna, has ended on Wednesday.

It was allowed by SEBI to bring an IPO in May last year.

Rvnl ipo listing date

The company has a listed rival, IRCON International, which was listed on the stock exchange last September and is trading at 15 percent discount on its issue price. Analysts say that people who hold the allotment of shares for long time period can get some profit from rvnl ipo. It means the Listing price of the ipo would not be as high or could be lower then the issue price but if you hold for the 6 months or more then you can get more money then the listing price of Rail vikas ipo.

Rail Vikas Nigam Limited IPO Allotment Status
*Retail Individual Investors shall use Unified Payments Interface (UPI) as an additional payment mechanism with Application Supported by Block Amount (ASBA) for making payments.

Rvnl ipo listing date

*All Other Category of investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.

SymbolRVNL
Issue Period29-Mar-2019 to 03-Apr-2019
Post issue Modification Period04-Apr-2019 (10.00 A.M. to 1.00 P.M.)
Cut-off time for UPI Mandate Confirmation05-Apr-2019 (upto 12:00 PM)
Issue SizeInitial Public offer of 253,457,280 Equity Shares
Issue Type100% Book Building
Price RangeRs 17 to Rs 19
DiscountRs.0.50/- per Equity Share for Retail Individual bidders and Eligible Employees category.
Face ValueRs 10
Tick SizeRe 1
Bid Lot780 Equity Shares and in multiples thereof
Minimum Order Quantity780 Equity Shares
Maximum Subscription Amount for Retail InvestorRs.

2,00,000

Maximum Bid Quantity for QIB Investors25,34,57,100 Equity Shares adjusted for multiple of 780 Equity Shares (calculated at the lower end of Price Band of Rs 17/-)
Maximum Bid Quantity for NIB Investors12,70,56,540 Equity Shares adjusted for multiple of 780 Equity Shares (calculated at the lower end of Price Band of Rs 17/-)
IPO Market Timings10.00 a.m.

Rvnl ipo listing date

to 5.00 p.m.

Book Running Lead ManagersYES Securities (India) Limited, Elara Capital (India) Private Limited, IDBI Capital Markets & Securities Limited
Syndicate MembersElara Securities (India) Private Limited
Sponsor BankICICI Bank Limited
Self Certified Syndicate Banks (SCSBs) eligible as Issuer Banks for UPIIssuer Banks for UPI
CategoriesFI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the RegistrarAlankit Assignments Limited
Address of the Registrar205-208, Anarkali Complex, Jhandewalan Extension, New Delhi -110 055
Contact person name number and Email idS Arunraj/ Kamal Arora/ Virender Sharma,+91 11 4254 1954/+91 22 4348 1293, [email protected]/[email protected]
e-form linke-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA formSCSB List
Issue OpenMar 29, 2019Issue CloseApr 3, 2019
Issue PriceRs 17 – Rs 19Issue SizeRs 430.88 – 481.57 Cr
Listing AtBSE, NSELot Size780

Valuation
Brokerage Daulat Capital says that this company is working to achieve a pending order of 40000 crore pending orders in the next two-three years.

On the upper end of the price band, this stock is showing 7 times the profit of FY 2018, while IRCON International shares is at 9.5 times.

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Brokerage has advised to subscribe this issue to ‘subscribe for a longer period’.At the same time, Centrum Broking has said that there is full boroughing passthrough entry on the account of RVNL and the entire loan is paid by the Railway Ministry.

He said, “Looking at the government’s focus on rail infrastructure, the strong order book of the company, asset light model and reasonable valuation, our advice is that investors can invest money in this issue for a long time.”

Categories IPO