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Rail Vikas Nigam

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 Price₹19.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open29 Mar 2019
Close03 Apr 2019
Allotment09 Apr 2019
Listing11 Apr 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB12,64,00,000 shares
49.87%
HNI3,79,20,000 shares
14.96%
Retail8,84,80,000 shares
34.91%
Employee6,57,280 shares
0.26%

Minimum Application Lots

Retail1 Lot (780 shares)
₹14,820
sHNI14 Lots (10,920 shares)
₹2,07,480
bHNI68 Lots (53,040 shares)
₹10,07,760

Company Promoters

The President of India acting through the Ministry of Railways

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-18)₹36228.82 Cr
Growth+15.1%
Revenue Trend (₹ in Crores)
0.029.1k58.2k87.4kMar-15Mar-16Mar-17Mar-18Sep-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-1836,228.822,536.2087,324.100
Mar-1875,973.585,699.2085,685.460
Mar-1759,151.064,434.6288,595.720
Mar-1645,398.544,294.34222,156.750
Mar-1531,465.353,368.49161,353.720

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Alankit Assignments Limited

Allotment Finalized
Allotment Date
09 Apr 2019
Official Status
Out / Finalized
Registrar
Alankit Assignments Limited
Listing Date
11 Apr 2019

Official Allotment Verification Links

Official Registrar Portal
Alankit Assignments Limited

Direct allotment verification on the official registrar portal appointed for Rail Vikas Nigam. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

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Allotment Schedule & Milestones

IST
1. Allotment Finalization09 Apr 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date11 Apr 2019Trading commences on exchange

How to Check Rail Vikas Nigam Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Rail Vikas Nigam IPO

Complete issue overview for Rail Vikas Nigam (RVNL) IPO. The issue features an equity share price band of ₹17 – ₹19 per share with a minimum retail lot size of 780 Shares (minimum application amount of ₹14,820). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions