IPO

Rail Vikas Nigam Ltd IPO

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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.

Rail Vikas Nigam Ltd IPO Subscription Details

Company

Rail Vikas Nigam Ltd

Issue Type

(Book Built Portion)

Open Date

29 Mar

Close Date

03 Apr

Offer Price

19.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Rail Vikas Nigam Ltd IPO Frequently Asked Questions

Stove Kraft Ltd, kitchen appliances manufacturer is coming up with its Initial public Offerings on January 25 with the public issue comprising a fresh issue size of ₹412.63Cr.

You can apply for the Stove Kraft IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Stove Kraft IPO will open on January 25, 2021.

Stove Kraft IPO Lot size is 38 equity shares, that means you can apply for one lot consisting 38 equity shares.

Shares of Stove Kraft will be getting allotted on 02nd February,2021.

Stove Kraft Shares will be getting listed on 05 February, 2021.

Here is the minimum investment calculation of Stove Kraft IPO
Lot size – 38 * Issue Price ₹385 = ₹14,630
Hence the minimum investment amount required to invest in Stove Kraft IPO is ₹14,630. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Stove Kraft IPO is ₹14,630


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Contact Details of Rail Vikas Nigam Ltd IPO

Company Contact Information

Rail Vikas Nigam Ltd IPO
1st floor August Kranti Bhawan,
Bhikaji Cama Place,
New Delhi, New Delhi 110066.

Phone: 91-011-26738195
Email:

Rail Vikas Nigam Ltd IPO Register

Alankit Assignments Ltd

Rail Vikas Nigam Ltd IPO Lead Manager(s)

  • Elara Capital (India) Pvt Ltd
  • IDBI Capital Markets & Securities Ltd
  • Yes Securities (India) Ltd

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