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Issue Open Date
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29-Mar-19
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Issue Closing Date
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03-Apr-19
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Application Money
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100
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Allotment Money
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Price Band
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17
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19
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Minimium Application No.
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780
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Issue Size (Shares)
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253457280
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Market Lot
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1
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Objective
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To carry out the disinvestment of 252,800,000 Equity SharesTo achieve the benefits of listing the Equity Shares
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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37920000
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30250740
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0.797751582278481
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Qualified Institutional Buyers
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126400000
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172121040
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1.36171708860759
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Retail Individual Investors
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88480000
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259549680
|
2.93342766726944
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Business Description
We are a wholly owned government company, a Miniratna (Category – I) Schedule ‘A’ Central Public Sector Enterprise, incorporated by the Ministry of Railways (“MoR”) under the Companies Act, 1956 on January 24, 2003, as a project executing agency working for and on behalf of MoR. We were incorporated with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution.We are in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.Since our inception in 2003, MoR has transferred 172 projects to us of which 166 projects are sanctioned for execution. Out of these, 60 projects have been fully completed totalling to ?167,777.00 million and the balance are ongoing. We have an order book of ?686,836.20 million as on February 28, 2018 which includes 106 ongoing projects.During the financial year ending March 31, 2017, we have completed a total of 713.73 rkm of project length which included 355.73 rkm of doubling and 358 rkm of railway electrification.
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Promoter's Holding
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Total Share Capital
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2085020100
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Offered to Public
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253457280
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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87.84
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Address |
1st Floor
August Kranti Bhawan
Bhikaji Cama Place
R K Puram
New Delhi,
Delhi,
110066
Phone : 011-26738299
Email : info@rvnl.org
Website : www.rvnl.org
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Registrar |
Alankit Assignments Ltd.
205-208
Anarkali Complex
Jhandewala Extension
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
Elara Capital (India) Pvt Ltd
IDBI Capital Markets & Securities Ltd. (Formerly known as IDBI Capital Market Services Ltd.)
Yes Securities (India) Ltd.
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Promoters |
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President of India
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