Check Here Rail Vikas Nigam Limited (RVNL) IPO Allotment Status & Share Price ipo.alankit.com

RVNL IPO Allotment Status Available now on ipo.alankit.com

Good News Rail Vikas Nigam Limited, RVNL Allotment Status Live available on ipo.alankit.com. Those who subscribers can check status by Entering PAN Number or Application Number at website ipo.alankit.com

The IPO of Rail Vikas Nigam, has fully subscribed on the Closing date Wednesday. It was subscribed 1.17 times in the afternoon till 3 o’clock. According to the data from NSE, the bid for the total of 29,34,57,280 shares for 25,34,57,280 shares in this IPO was achieved.

Check RVNL Stock Price / Share Price Here

Offer size is
being offered to RVNL’s 2,53,457,280 shares in the price band of Rs 17-19. The size of this issue at the upper end of the price band is Rs 482 crore. This IPO is coming to the market at such a time when another government company MSTC had to increase the period of its issue due to weak demand from the investors. The IPO finally got 1.46 times the bids.

This offer of RVNL is 12.12 percent of the company’s paid-up equity share capital. There will be a discount of 0.50 per share on the offer price.
rvnl ipo allotment status

Rail Vikas IPO Allotment Status
Issue Open Mar 29, 2019 Issue Close Apr 3, 2019
Issue Price Rs 17 – Rs 19 Issue Size Rs 430.88 – 481.57 Cr
Listing At BSE, NSE Lot Size 780

Rail Vikas Nigam Limited : RVNL Ipo Allotment Status, Listing Date & Listing Price

RVNL Ipo opnened on 29th march and closed on 3rd april 2019. It was subscribed 1.17 times so the chances of getting the ipo allotment is higher.

rail vikas nigam limited listing price

 

Since the closing date we haven’t heard about the dates of allotment / listing form the nse or bse. But as per some yammering in the stock market the listing date could be 10th April 2019. There’s So many opportunity this ipo brought to the investors who are looking for small profit.

An Initial Public Offer of Rail Vikas Nigam Limited (RVNL), which has a rank of Amit Mudgal, Miniratna, has ended on Wednesday. It was allowed by SEBI to bring an IPO in May last year. The company has a listed rival, IRCON International, which was listed on the stock exchange last September and is trading at 15 percent discount on its issue price. Analysts say that people who hold the allotment of shares for long time period can get some profit from rvnl ipo. It means the Listing price of the ipo would not be as high or could be lower then the issue price but if you hold for the 6 months or more then you can get more money then the listing price of Rail vikas ipo.

Valuation
Brokerage Daulat Capital says that this company is working to achieve a pending order of 40000 crore pending orders in the next two-three years. On the upper end of the price band, this stock is showing 7 times the profit of FY 2018, while IRCON International shares is at 9.5 times. Brokerage has advised to subscribe this issue to ‘subscribe for a longer period’.At the same time, Centrum Broking has said that there is full boroughing passthrough entry on the account of RVNL and the entire loan is paid by the Railway Ministry. He said, “Looking at the government’s focus on rail infrastructure, the strong order book of the company, asset light model and reasonable valuation, our advice is that investors can invest money in this issue for a long time.”
IRCON was subscribed 10X in which QIB 12x & NII 5x. Listed at discount.Trading at discount.
RVNL subscription should reach at least up to this mark.

What is GMP of this stock?  As this IPO is only 1.68x subscribed should we keep hope in it?

NII undersubscribed upto 0.20x. This 20% would be allotted to RIIs which will bring selling pressure on listing day.Remember QIBs in all recent PSUs means only LIC. Now forget any GMP. No wonder if GMP is in minus from tomorrow to listing day. Experts are regularly posting GMPs.
Rail Vikas Nigam Limited IPO Allotment Status
*Retail Individual Investors shall use Unified Payments Interface (UPI) as an additional payment mechanism with Application Supported by Block Amount (ASBA) for making payments. *All Other Category of investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.
Symbol RVNL
Issue Period 29-Mar-2019 to 03-Apr-2019
Post issue Modification Period 04-Apr-2019 (10.00 A.M. to 1.00 P.M.)
Cut-off time for UPI Mandate Confirmation 05-Apr-2019 (upto 12:00 PM)
Issue Size Initial Public offer of 253,457,280 Equity Shares
Issue Type 100% Book Building
Price Range Rs 17 to Rs 19
Discount Rs.0.50/- per Equity Share for Retail Individual bidders and Eligible Employees category.
Face Value Rs 10
Tick Size Re 1
Bid Lot 780 Equity Shares and in multiples thereof
Minimum Order Quantity 780 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
Maximum Bid Quantity for QIB Investors 25,34,57,100 Equity Shares adjusted for multiple of 780 Equity Shares (calculated at the lower end of Price Band of Rs 17/-)
Maximum Bid Quantity for NIB Investors 12,70,56,540 Equity Shares adjusted for multiple of 780 Equity Shares (calculated at the lower end of Price Band of Rs 17/-)
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers YES Securities (India) Limited, Elara Capital (India) Private Limited, IDBI Capital Markets & Securities Limited
Syndicate Members Elara Securities (India) Private Limited
Sponsor Bank ICICI Bank Limited
Self Certified Syndicate Banks (SCSBs) eligible as Issuer Banks for UPI Issuer Banks for UPI
Categories FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the Registrar Alankit Assignments Limited
Address of the Registrar 205-208, Anarkali Complex, Jhandewalan Extension, New Delhi -110 055
Contact person name number and Email id S Arunraj/ Kamal Arora/ Virender Sharma,+91 11 4254 1954/+91 22 4348 1293, sarunraj@alankit.com/kamalarora@alankit.com
e-form link e-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form SCSB List

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