Rail Vikas Nigam IPO was subscribed 15% on Day 2

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

Apr 01, 2019 09:04 IST India Infoline News Service

Initial Public Offer, IPO
Rail Vikas Nigam IPO was subscribed 15% on day 2 of the bidding process. The issue will close on April 03.

The IPO had received bids for 3.87cr shares against the total issue size of 25.34cr units, 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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