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IPO Synopsis

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IPO

Rail Vikas Nigam Ltd
  • Registered Office: 1st floor August Kranti Bhawan,Bhikaji Cama Place, New Delhi - 110066, New Delhi, India. Phone : 91-011-26738299   Fax:91-011-26182957
  • Email : investors@rvnl.org
  • Website :www.rvnl.org
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.
Issue
Opens On Closes On
29-Mar-19 03-Apr-19
Money Payable On
Application Allotment
19.00 0.00
Minimum Application for shares in Nos : 780 Further Multiples of : 780
Cr Lead Managers to the Issue
Project Cost (.Cr) 20.91 Elara Capital (India) Pvt Ltd
Project Financed through Current Offer (.Cr) 477.11  
Post Issue Equity Share Capital (.Cr) 2085.02
Issue Price () 19.00
Projects
Listing of Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
No Data Available