Rail Vikas Nigam Limited Ipo Analysis

Rail vikas nigam limited ipo analysis

Rail Vikas IPO description – Rail Vikas Nigam Limited (RVNL)  is a wholly owned government company, a Miniratna (Category – I) Schedule ‘A’ Central Public Sector Enterprise, incorporated by the Ministry of Railways (“MoR”).

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The company is 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 its inception in 2003, MoR has transferred 179 projects to Rail Vikas Nigam of which 174 projects are sanctioned for execution.

Out of these, 72 projects have been fully completed totalling to INR205,672.80 million and the balance are ongoing.

Rail vikas nigam limited ipo analysis

The company has an order book of INR775,042.80 million as on 31 December 2018 which includes 102 ongoing projects.

Rail Vikas Nigam works on a turnkey basis and undertakes the full cycle of project development and its activities can be classified under New lines, Doubling, Gauge conversion, Railway electrification, Metropolitan transport projects, and Workshops. During the financial year ending 31 March 2018, the company hascompleted a total of 885.50 rkm (Route Kilometers) of project length which included 315.20 rkm of doubling and 425 rkm of railway electrification.

Promoters of Rail Vikas – The President Of India
Rail Vikas IPO details
Subscription Dates29 March – 3 April 2019
Price BandINR17 – 19 per share (Retail and employee discount – INR0.50 per share)
Fresh issueNil
Offer For Sale253,457,280 shares (INR430.88 – 481.57 crore)
Total IPO size253,457,280 shares (INR430.88 – 481.57 crore)
Minimum bid (lot size)780 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Rail Vikas Nigam’s financial performance (in INR crore)
FY2015FY2016FY2017FY2018H1 FY2019
Total revenues3,269.84,720.36,162.97,822.33,770.4
Total expenses3,021.34,350.35,673.87,258.13,484.6
Comprehensive income336.8429.0443.1569.4253.6
Net margin (%)10.39.17.27.36.7
More about Rail Vikas Nigam
Rail Vikas Nigam Contact Details

Rail Vikas Nigam Limited
1st floor, August Kranti Bhawan
Bhikaji Cama Place, R.

Rail Vikas Nigam Limited IPO Review

K. Puram
New Delhi 110 066

Phone: +91 11 2673 8299
Email:[email protected]
Website: www.rvnl.org

Registrar of RVNL IPO

Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055

Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: [email protected]
Website: www.alankit.com

Valuation of Rail Vikas Nigam IPO (FY2018)

Earnings Per Share (EPS): INR2.73

Price/Earnings (PE ratio): 6.23 – 6.96

Return on Net Worth (RONW): 14.52%

Net Asset Value (NAV): INR18.83 per share

Rail Vikas IPO Subscription Details
CategoryShares offeredSubscription (no.

Rail vikas nigam limited ipo analysis

of times, at 5pm)

Day 1Day 2Day 3Day 4
QIB126,400,0000.000.000.020.92
NII37,920,0000.010.030.150.66
Retail88,480,0000.230.491.243.14
Employees657,2800.150.480.901.76
Total253,457,2800.080.180.471.66
Rail Vikas Nigam IPO Allotment Status

Rail Vikas Nigam IPO allotment status is now available on Alankit Assignments’ website.

Click on this linkto get allotment status.

Listing Performance of Rail Vikas Nigam Limited

IPO Opening Date: 29 March 2019

IPO Closing Date: 3 April 2019

Finalisation of Basis of Allotment: 8 April 2019

Initiation of refunds: 9 April 2019

Transfer of shares to demat accounts: 9 April 2019

Listing Date: 11 April 2019

Listing Price on NSE: INR19 per share (no change from IPO price)

Closing Price on NSE: INR19.05 per share (up 0.26% from IPO price)

Rail vikas nigam limited ipo analysis