Rail Vikas Nigam makes tepid stock market debut; lists at Rs 19

The state-owned company's initial public offering (IPO) was subscribed 1.83 times. The price band has been fixed at Rs 17 - Rs 19 per share

Shares of Rail Vikas Nigam Limited (RVNL) made a tepid debut by listing at Rs 19, at par against the issue price on the National Stock Exchange (NSE).

At 10:01 am, RVNL was trading at Rs 19.05, marginally higher against its issue price of Rs 19 per share. The stock has hit a high of Rs 19.35 and a low of Rs 18.65 so far. A combined 18.25 million equity shares changed hands on the counter on the NSE and BSE.

The state-owned company's initial public offering (IPO) was subscribed 1.83 times. The price band has been fixed at Rs