Rail Vikas Nigam Limited IPO

Rail Vikas Nigam Limited

Issue Open

Mar 29, 2019

Price Band

₹ 17 - ₹ 19

Issue Size

₹ 481.57 Cr

Credit of Shares to Demat

-

Issue Close

Apr 03, 2019

Bid Lot

780

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue

Minimum Order Quantity

780

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Nov 30, -0001

Refunds

-

About the company:

Rail Vikas Nigam Limited is involved in engineering railway projects. Since its 2003 Ministry of Railways has assigned 172 projects, while 166 are sectioned for execution. It has generated income of over Rs 167,777.00 Million from its 60 projects completing and the rest projects are under process. The company generally takes projects on turnkey basis and provides end to end solution for development from formulation to execution and commissioning comprising of designing phases, estimation prediction, deciding and alloting contracts project management etc. As on 28th February 2018, it has 598 employees.

Date of Incorporation:

The company was incorporated as “Rail Vikas Nigam Limited” on 24th January 2003 as a public venture.

Promoters of the Company:

The President of India, acting through the ministry of Railways, Government of India is the promoter of Rail Vikas Nigam Limited.

Products and Service Offerings:

It offers a wide range of activities that include: new lines, doubling, gauge conversion, railway electrification, metropolitan transport projects, workshops and others.

Customer Segments:

The major clientele of the Rail Vikas Nigam Limited includes Indian Railways, Central and State Government Ministries, Departments and various Public Sector Undertakings.

Objects of the Offer:

- The main objectives of the Rail Vikas Nigam Limited IPO are:

  • - To carry out disinvestment through offer for sale by selling stakeholders.

  • - To achieve the benefits of listing the Equity Shares across leading Stock Exchanges.

Company Financials:

Particulars

For the year/period ended (in Rs. Millions)


31-Sep-17

31-Mar-17

31-Mar-16

31-Mar-15

Total Assets

83,885.79

88,595.96

2,22,156.75

1,61,353.72

Total Revenue

32,454.89

59,151.06

45,398.54

3 ,465.35

Profit After Tax

2,359.35

4,434.87

4,294.34

3,368.49

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