The base offer of the issue comprises of stake sale of up to 20,85, 02, 010 equity shares representing 10% of the company.
Further, the offer has an oversubscription option where the government can exercise further stake sale of 5% or 10,42, 51, 005 equity shares.
Overall, the government plans to sell about 31,27,53,015 equity shares representing 15% of Rail Vikas.
The offer is available for subscription only for non-retail investors today.
The offer will continue till tomorrow. Retail investors and those non-retail investors who choose to carry forward their unallotted bids are allowed to subscribe to the OFS on March 25.
A floor price of Rs27.50 per share has been set for the offer.
At around 1.42 pm, Rail Vikas trades at Rs27.75 per piece down by 8.7% on Sensex.
The stock performs near the day's low of Rs27.65 per piece on Sensex.