Rail Vikas Nigam Limited IPO
MainboardListed On: Apr 11, 2019 at ₹ 19
₹ 14820 /780 Shares
29 Mar, 2019
Open Date03 Apr, 2019
Close Date09 Apr, 2019
Allotment Date11 Apr, 2019
Listing DateIPO Issue Details
- Issue Price Rs 17 - Rs 19 per Equity Share (Rs 0.5/- discount per share for Retail Investors)
- Face Value Rs 10 Per Equity Share
- Issue Price Offer for Sale of approx. 25,34,57,280 Equity Shares of Rs 10 each at price of Rs 17 - Rs 19 aggregating up to Rs 481.57 Cr
- Listing at BSE, NSE
- List Price 19
- Listing Date 2019-04-11
- Lead Manager Yes Securities (India) Limited, Elara Capital (India) Private Limited and IDBI CAPITAL MARKETS &SECURITIES LIMITED
- Registrar ALANKIT ASSIGNMENTS LIMITED
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹17 - 19 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Mar 29, 2019 and ends on Apr 3, 2019. The allotment for IPO will be finalized on Apr 9, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Apr 11, 2019. The company shall list its equity shares on the BSE, NSE. ALANKIT ASSIGNMENTS LIMITED is the registrar of the issue.
The book-running lead manager for the IPO is/are Yes Securities (India) Limited, Elara Capital (India) Private Limited and IDBI CAPITAL MARKETS &SECURITIES LIMITED.
The IPO sets its price band at 17 - 19 for each share. A single application for Rail Vikas Nigam Limited IPO must contain at least 780 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 12,64,00,000 | 3,79,20,000 | 8,84,80,000 | 6,57,280 | 25,34,57,280 |
|
Day 1
29-03-19
|
0 0.00 x | 6,49,740 0.02 | 2,11,49,700 0.24 x | 1,02,180 0.16 x | 2,19,01,620 0.09 x |
|
Day 2
01-04-19
|
0 0.00 x | 11,22,420 0.03 | 4,34,35,080 0.49 x | 3,14,340 0.48 x | 4,48,71,840 0.18 x |
|
Day 3
02-04-19
|
36,83,940 0.03 x | 56,46,420 0.15 | 11,05,25,220 1.25 x | 5,92,800 0.90 x | 12,04,48,380 0.48 x |
|
Day 4
03-04-19
|
17,21,21,040 1.36 x | 3,02,50,740 0.80 | 25,95,41,100 2.93 x | 13,94,640 2.12 x | 46,33,07,520 1.83 x |
Valuations
IPO - Issue Objectives
To carry out the disinvestment of [-] Equity Shares by the Selling Shareholder constituting 10% of Company's pre-Offer paid up Equity Share capital.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Rail Vikas Nigam Limited | 0.98 | 6.96 | 14.52% | 7822.29 |
| Ircon International Limited | 0.94 | 9.60 | 9.81% | 389.63 |
IPO - FAQs
Ans. Rail Vikas Nigam Limited IPO is a Mainboard IPO. The issue is priced at Rs 17 - Rs 19 per Equity Share (Rs 0.5/- discount per share for Retail Investors). The minimum order quantity is 780 Shares. The IPO opens on Mar 29, 2019, and closes on Apr 3, 2019. ALANKIT ASSIGNMENTS LIMITED is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Rail Vikas Nigam Limited IPO opens on Mar 29, 2019 and closes on Apr 3, 2019.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rail Vikas Nigam Limited IPO is Offer for Sale of approx. 25,34,57,280 Equity Shares of Rs 10 each at price of Rs 17 - Rs 19 aggregating up to Rs 481.57 Cr.
Ans. The Rail Vikas Nigam Limited IPO price band is set between Rs 17 - Rs 19 per Equity Share (Rs 0.5/- discount per share for Retail Investors).
Ans. To apply for Rail Vikas Nigam Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rail Vikas Nigam Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rail Vikas Nigam Limited IPO is Apr 9, 2019.
Ans. The Rail Vikas Nigam Limited IPO will be listed on Apr 11, 2019.
Ans. Follow the steps to check the Rail Vikas Nigam Limited IPO allotment status online.
