Rail Vikas IPO Date, Prospectus, Allotment, Listing, Reviews & Status.

Rail Vikas IPO Date, Prospectus, Allotment, Listing, Reviews & Status.





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 Feb 2018, an order book of 􀀀68,683.62 Cr comprises ongoing 106 projects. 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

Company Promoters:

The promoter of the company is the President of India, acting through the Ministry of Railways, Government of India.



Objects of the Issue:

The objects of the Offer are:

(i) To carry out the disinvestment of Equity Shares held by the Selling Shareholder in the Company,

(ii) To achieve the benefits of listing the Equity Shares on the Stock Exchanges

Rail Vikas IPO Details

Issue Open Mar 29, 2019 - Apr 3, 2019

Issue Type Book Built Issue IPO

Issue Size 253,457,280 Eq Shares of Rs 10

(aggregating up to Rs 481.57 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 17 - Rs 19 Per Equity Share

Retail Discount 􀀀0.50

Employee Discount 􀀀0.50

Market Lot 780 Shares

Min Order Quantity 780 Shares

Listing At BSE, NSE

Rail Vikas IPO Tentative Date / Timetable

Bid/Offer Opens On Mar 29, 2019

Bid/Offer Closes On Apr 3, 2019

Finalisation of Basis of Allotment Apr 8, 2019

Initiation of Refunds Apr 9, 2019

Credit of Shares to Demat Acct: Apr 9, 2019

IPO Shares Listing Date: Apr 11, 2019



Rail Vikas IPO Prospectus

› Draft Prospectus (https://listing.bseindia.com/download/DRHP_RVNL.pdf)

› Red Herring Prospectus (http://www.elaracapital.com/sites/default/files/files/Rail%20Vikas%20Nigam%20Limited%20-

%20Red%20Herring%20Prospectus.pdf)



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