Incorporated in 2003 by the Ministry of Railways India (MoR), Rail Vikas Nigam Limited (RVNL) is a project executing agency.
RVNL is engaged in the business of mobilization of financial resources, rail project development, enhance golden quadrilateral and port connectivity by implementing rail projects and raise extra-budgetary resources for Indian Railway project execution. RVNL is involved in a verity of rail projects such as the construction of cable-stayed bridges, major bridges, workshops, metro projects, railway electrification, gauge conversion, new lines, doubling, and institutional buildings.
MoR has assigned 172 projects to the RVNL till Feb 2019 and out of which 166 projects are executed. As of Dec 2018, an order book size is Rs 77,504.28 Cr. The company also charge an annual consolidated management fee from MoR including execution of 10% for national projects, 9.25% for the metro projects, and 8.50% for other plan heads.
Indian Railway is the major client of the company and public sector undertakings, state, and central government departments, ministries are the other clients.
The net profit of the company in FY 2015, 2016, 2017 is Rs 3,368.49 million, Rs 4,294.34 million, Rs 4,434.87 million and Rs 2,359.35 million, respectively.
RVNL Competitive Strengths
The competitive strengths of the company are below….
- Consistent financial track record
- Undergo different categories of projects
- Authorized by MoR
- Standardized operation process
- Trained Professional and workforce
Rail Vikas IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹17 to ₹19 per equity share |
| Market Lot | 780 Shares |
| Min Order Quantity | 780 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542649 |
| NSE Symbol | RVNL |
| ISIN | INE415G01027 |
| Issue Size | Aggregating up to ₹481.57 Cr |
Rail Vikas IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 29-Mar-19 |
| IPO Close Date | 3-Apr-19 |
| Basis of Allotment Date | 8-Apr-19 |
| IPO Listing Date | 11-Apr-19 |
Rail Vikas IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 780 | ₹14,820 |
| Maximum | 13 | 10140 | ₹192,660 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Rail Vikas Nigam Limited
Company Financials:
| PARTICULAR | 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 87,324.10 | 85,685.46 | 88,595.72 | 222,156.75 | 161,353.72 |
| Total Revenue | 36,228.82 | 75,973.58 | 59,151.06 | 45,398.54 | 31,465.35 |
| Profit After Tax | 2,536.20 | 5,699.20 | 4,434.62 | 4,294.34 | 3,368.49 |
Company Promoters:
The promoter of the company is the President of India, acting through the Ministry of Railways, Government of India.
Objects of the Issue:
The objects of the Offer are:
(i) To carry out the disinvestment of Equity Shares held by the Selling Shareholder in the Company,
(ii) To achieve the benefits of listing the Equity Shares on the Stock Exchanges
Registrar & Company Details
| Company Contact Information | Rail Vikas IPO Registrar |
| Rail Vikas Nigam Limited Rail Vikas Nigam Limited, 1 st floor, August Kranti Bhawan, Bhikaji Cama Place, R. K. Puram, New Delhi 110 066 Phone: +91 11 2673 8299 Email: investors@rvnl.org Website: https://www.rvnl.org/ | Alankit Assignments Ltd Alankit House 2E/21, Jhandewalan Extension, New Delhi – 110055 Phone: (011) 4254 1234 Email: rvnl_ipo@alankit.com Website: https://www.alankit.com/ |
