Rail Vikas Nigam Limited IPO
Rail Vikas Nigam Limited IPO
IPO Date :
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Listing Date :
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Rail Vikas Nigam Limited's successfully completed its Initial Public Offering and commenced trading on 11-04-2019 at the NSE, BSE exchange. The company raised 25,34,57,280 Shares through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹17 to ₹19, with minimum application lots of 780 shares. The offering attracted significant investor interest during its subscription period from 29-03-2019 to 03-04-2019.
Share allotment was finalized on 09-04-2019, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rail Vikas IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rail Vikas IPO Strength Factors
- Maintains a consistent financial performance
- Handles various types of projects
- Authorized by the Ministry of Railways (MoR)
- Follows a standardized process for operations
- Backed by a well-trained team and workforce
Rail Vikas IPO Risk Factors
NA
Rail Vikas IPO Lead Manager(s)
- Yes Securities (India) Limited
- Elara Capital (India) Private Limited
- IDBI Capital Market Services Limited
Rail Vikas IPO Promoter(s)
- The President of India acting through the Ministry of Railways
Rail Vikas IPO FAQs
Rail Vikas Nigam Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 29, 2025 8:37:09 AM (Day 29).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rail Vikas IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rail Vikas IPO FAQs
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