Rail Vikas Nigam Ltd IPO

Closed

Subscription Details

  • Open Date 29 Mar
  • Close Date 03 Apr
  • Lot Size 780
  • IPO Size ₹ 477.11 Cr
  • IPO Price Range ₹ 19
  • Min Investment ₹ 14820

Rail Vikas Nigam Ltd IPO Timeline

Open Date
29 Mar
Close Date
03 Apr
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Rail Vikas Nigam Ltd IPO

Contact Information

Address

1st floor August Kranti Bhawan,
Bhikaji Cama Place,
New Delhi, New Delhi 110066

Open Demat Account