Business Standard

Rail Vikas Nigam Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

477.11 cr

Price Range (₹)

19

Lot Size

780

Min Investment (₹)

14,820.00

Listing Exchange

MumbaiNSE

Open Date

29-Mar-2019

Close Date

03-Apr-2019

Listing Date

11-Apr-2019

Rail Vikas Nigam Ltd News

    The Shares of Rail Vikas Nigam Ltd have now been listed.

    Rail Vikas Nigam Ltd IPO Details

    Initial public offering of 253,457,280 equity shares of face value of Rs.10 each (equity shares) of Rail Vikas Nigam Limited (the company or the issuer) through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India (the selling shareholder), for cash at a price* of Rs. 19 per equity share (the offer price), aggregating to Rs. 477.11 Crores (the offer). Subject to receipt of necessary approval from the Government of India (GOI), the company may reserve a portion of 657,280 equity shares for allocation and allotment to eligible employees (as defined herein), (employee reservation portion). The offer less employee reservation portion, is referred to as the net offer. The offer comprised of a net offer of 252,800,000 equity shares and the employee reservation portion of 657,280 equity shares. The offer and net offer shall constitute 12.16% and 12.12% of the post-offer paid-up equity share capital of the company respectively. The Face value of the equity shares is Rs. 10 each. The Offer price is 1.9 times the face value of the equity shares.Retail Discount and Employee Discount Rs. 0.50 and Rs. 0.50 per Equity Share on Offer Price.

    Objective of issue

    Rail Vikas Nigam Ltd Contact Details

    Rail Vikas Nigam Ltd, Alankit Heights, 1E/13 Jhandewalan Ex, , New Delhi-110055

    Phone - 91-11-42541234

    Fax - 91-11-23552001

    Email - investors@rvnl.org

    Website - www.rvnl.org