Rail Vikas Nigam IPO subscribed 7% on Day 1

The issue will close on April 03.

Mar 29, 2019 10:03 IST India Infoline News Service

Initial Public Offering, IPO
Rail Vikas Nigam IPO was subscribed 7% on day 1 of the bidding process. The issue will close on April 03.

The IPO had received bids for 1.72cr shares against the total issue size of 25.34cr shares, which is 7% of the issue size, as per NSE data.

The price band is set at Rs17-19 per equity share of face value of Rs10 each of the company (the Equity Shares).

Yes Securities (India) Limited, Elara Capital (India) Private Limited, and IDBI Capital Markets & Securities Limited are the Book Running Lead Managers (BRLMs) to the Offer, while Alankit Assignments Limited is the Registrar to the Offer.

The equity shares of Rail Vikas Nigam are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (NSE).

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