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18 July 2019

IPO Synopsis

Rail Vikas Nigam Ltd
Registered Office: 1st floor August Kranti Bhawan,Bhikaji Cama Place , New Delhi - 110066 , New Delhi , India.
Phone : 91-011-26738195   Fax:91-011-26182957
Email :  NA  
Website :  www.rvnl.org
Initial public offering of 253,457,280 equity shares of face value of (Rs)10 each ("equity shares") of Rail Vikas Nigam Limited (the "company" or the "issuer") through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India (the "selling shareholder"), for cash at a price* of (Rs)19 per equity share (the "offer price"), aggregating to (Rs)477.11 Crores (the "offer"). Subject to receipt of necessary approval from the Government of India ("GOI"), the company may reserve a portion of 657,280 equity shares for allocation and allotment to eligible employees (as defined herein), ("employee reservation portion"). The offer less employee reservation portion, is referred to as the net offer. The offer comprised of a net offer of 252,800,000 equity shares and the employee reservation portion of 657,280 equity shares. The offer and net offer shall constitute 12.16% and 12.12% of the post-offer paid-up equity share capital of the company respectively. The Face value of the equity shares is (Rs)10 each. The Offer price is 1.9 times the face value of the equity shares. Retail Discount and Employee Discount (Rs)0.50 and (Rs)0.50 per Equity Share on Offer Price.

Issue Money Payable On
Opens On Closes On Application Allotment
29-Mar-19 03-Apr-19 (Rs)19.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :780  Further Multiples of :780

  (Rs Cr) Lead Managers to the Issue
Project Cost 20.91
Elara Capital (India) Pvt Ltd
Project Financed through Current Offer 477.11  
Post Issue Equity Share Capital 2085.02  
Issue Price (Rs)19.00  
 
Projects
Listing of Shares on the Stock Exchanges
Promoted By
The President of India  
Listing At
BSE 
NSE 
Registrar to the Issue
Alankit Assignments Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS