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Rail Vikas Nigam Limited

Rail Vikas Nigam Limited (RVNL), incorporated in 2003 by the Ministry of Railways, works as a project execution agency responsible for developing and upgrading India’s railway infrastructure, with a strong focus on network expansion, port connectivity, and modernization of key routes like the golden quadrilateral; the company handles diverse railway projects such as new line construction, track doubling, electrification, gauge conversion, metro rail systems, major bridges, workshops, and institutional buildings, and earns a fixed management fee from the Ministry of Railways based on project type, while Indian Railways remains its main client along with other government bodies, supported by a large project portfolio and consistent profitability over the years.

₹17 - ₹19Open
Listed Price19.00
Listing Gain+0.00%
TimelineBookbuilding IPO
Open29 Mar 2019
Close03 Apr 2019
Allotment09 Apr 2019
Listing11 Apr 2019

Quota Reservation Portions

QIBPortion: 12,64,00,000 shares
49.87%
HNIPortion: 3,79,20,000 shares
14.96%
RetailPortion: 8,84,80,000 shares
34.91%
EmployeePortion: 6,57,280 shares
0.26%

Minimum Application Bracket Matrix

Retail1 lots / 780 shares
₹14,820
sHNI14 lots / 10,920 shares
₹2,07,480
bHNI68 lots / 53,040 shares
₹10,07,760

About the Company

Rail Vikas Nigam Limited (RVNL), incorporated in 2003 by the Ministry of Railways, works as a project execution agency responsible for developing and upgrading India’s railway infrastructure, with a strong focus on network expansion, port connectivity, and modernization of key routes like the golden quadrilateral; the company handles diverse railway projects such as new line construction, track doubling, electrification, gauge conversion, metro rail systems, major bridges, workshops, and institutional buildings, and earns a fixed management fee from the Ministry of Railways based on project type, while Indian Railways remains its main client along with other government bodies, supported by a large project portfolio and consistent profitability over the years.

Company Promoters

The President of India acting through the Ministry of Railways