Rail Vikas Nigam Limited IPO
Rail Vikas Nigam Limited was a mainboard IPO in the Civil Construction sector, offered at ₹17–₹19 per share to raise ₹482 crore. The issue was subscribed 1.83× overall (QIBs 1.36×, NIIs 0.8×, retail 2.93×). It listed on 11 Apr 2019 at ₹19 and closed its first day at ₹19, a listing gain of +0.3% versus the ₹19 issue price. It now trades around ₹180 (+845.6% versus the issue price).
Frequently asked questions
- How many times was the Rail Vikas Nigam Limited IPO subscribed?
- The Rail Vikas Nigam Limited IPO was subscribed 1.83× overall — 1.36× in the QIB category, 0.8× among non-institutional investors, 2.93× in retail.
- What were the Rail Vikas Nigam Limited IPO listing gains?
- Rail Vikas Nigam Limited listed on 11 Apr 2019 at ₹19, closing its first day at ₹19 — a listing gain of +0.3% versus the ₹19 issue price.
- What were the retail allotment odds for the Rail Vikas Nigam Limited IPO?
- Retail was subscribed 2.93×, so a single-lot application had roughly a 34.1% chance of allotment (about 1 in 3), and allotment was finalised on 5 Apr 2019.
- What was the price band and lot size of the Rail Vikas Nigam Limited IPO?
- The price band was ₹17–₹19 per share, with a minimum lot of 780 shares (₹14,820 at the upper band).
- Who were the registrar and lead manager for the Rail Vikas Nigam Limited IPO?
- Alankit Assignments Limited was the registrar, and YES Securities was the book-running lead manager.