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. 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) |
| Fresh issue | Nil |
| 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 |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Rail Vikas Nigam’s financial performance (in INR crore) | ||||||
| FY2015 | FY2016 | FY2017 | FY2018 | H1 FY2019 | ||
| Total revenues | 3,269.8 | 4,720.3 | 6,162.9 | 7,822.3 | 3,770.4 | |
| Total expenses | 3,021.3 | 4,350.3 | 5,673.8 | 7,258.1 | 3,484.6 | |
| Comprehensive income | 336.8 | 429.0 | 443.1 | 569.4 | 253.6 | |
| Net margin (%) | 10.3 | 9.1 | 7.2 | 7.3 | 6.7 | |
More about Rail Vikas Nigam
- Brokerage houses shower positive RVNL IPO recommendations
- Rail Vikas IPO Review: The Vikas market has been waiting for?
Union Cabinet clears way for IPOs of 11 PSUs
Rail Vikas Nigam Contact Details
Rail Vikas Nigam Limited
1st floor, August Kranti Bhawan
Bhikaji Cama Place, R. K. Puram
New Delhi 110 066
Phone: +91 11 2673 8299
Email: [email protected]
Website: www.rvnl.org
Registrar of RVNL IPO
Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055
Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: [email protected]
Website: www.alankit.com
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 | ||
| QIB | 126,400,000 | 0.00 | 0.00 | 0.02 | 0.92 |
| NII | 37,920,000 | 0.01 | 0.03 | 0.15 | 0.66 |
| Retail | 88,480,000 | 0.23 | 0.49 | 1.24 | 3.14 |
| Employees | 657,280 | 0.15 | 0.48 | 0.90 | 1.76 |
| Total | 253,457,280 | 0.08 | 0.18 | 0.47 | 1.66 |
Rail Vikas Nigam IPO Allotment Status
Rail Vikas Nigam IPO allotment status is now available on Alankit Assignments’ website. Click on this link to 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)
This one looks much better than the recent government IPOs. Should give listing gains.
Best IPO and expanding.
Any ideas on the grey market rates on this IPO?
Profit margin going to slide continuously. So be careful while investing in it.
Expect it to open at 22 provided it is fully subscribed at the upper price band. Given the market scenario and the valuation, that seems quite likely. First listing of the new FY will come with a bang!
What is the expected listing value now ?
Still no allotment why so much delay? Sarkari attitude!!
a/c no.00106588
how many shares allotted
how many shares allotted
I applied from two accounts but have not get any shares. Why
Applied in two different accounts, but not allotted.
From it’s inception and till now profit margin is going down. Why. Government controlled companies are like this. Be careful while investing, worth buying at RS.19 or 20 in less quality be on the safer side.