RAIL VIKAS NIGAM IPO is a chain of diagnostic companies and is all set to make a debut in the stock market with an issue size of 481.57 Cr.
IPO- Overview
| Issue Date | 29 March-3 April 2019 |
| RAIL VIKAS NIGAM IPO Opening Date | 29 March 2019 |
| RAIL VIKAS NIGAM IPO Face Value | INR 10 per share |
| RAIL VIKAS NIGAM IPO Price | INR 19 per share |
| RAIL VIKAS NIGAM IPO Lot Size | 780 Shares |
| Issue Size | 481.57 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 1.36 times |
| NII (HNI) Shares | 0.80 times |
| Company Promoters | The promoter of the company is the President of India, acting through the Ministry of Railways, Government of India. |
Tentative Dates
| IPO opening date | 29 March 2019 |
| IPO closing date | 3 April 2019 |
| Basis of Allotment | 8 April 2019 |
| Initiation of Refunds | 9 April 2019 |
| The credit of Shares to Demat | 9 April 2019 |
| RAIL VIKAS NIGAM IPO Listing Date | 11 April 2019 |
Industry Overview.
- Indian Railway Finance Corporation (IRFC) is the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. The primary objective of IRFC is to meet the predominant portion of the ‘Extra Budgetary Resources’(EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms.
- RFC’s cumulative funding to the rail sector has crossed ₹ 1.80 lakh crore as of 31st March 2017 and is all set to cross ₹ 2.20 lakh crore by the end of March 2018.
- RFC has been assigned the task of funding Railway Projects through Institutional Finance to the extent of ₹ 1.50 Lakh Crore by 2019-20, which is part of the government investment plan
Company Overview
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 variety 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.
IPO-Objectives
- To carry out the disinvestment of Equity Shares held by the Selling Shareholder in the Company.
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges
Financial Statements
| Particulars | 31-Sept-18 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 87,324.10 | 85,685.46 | 88,595.72 |
| Total Revenue | 36,228.82 | 75,973.58 | 59,151.06 |
| Profit After Tax | 2,536.20 | 5,699.20 | 4,434.62 |
IPO- Strengths
- Consistent financial track record.
- Undergo different categories of projects.
- Authorized by MoR.
- Standardized operation process.
- Trained Professional and workforce.
Company Contact Information
Rail Vikas Nigam Limited
Rail Vikas Nigam Limited, 1 st floor,
August Kranti Bhawan, Bhikaji Cama Place,
R. K. Puram, New Delhi 110 066
Phone: +91 11 2673 8299
Email: investors@rvnl.org
Website: https://www.rvnl.org/
Rail Vikas IPO Registrar
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: rvnl_ipo@alankit.com
Website: https://www.alankit.com/
