Rail Vikas Nigam stock to list today

The issue opened for subscription on March 29 and closed on April 3, 2019.

Apr 11, 2019 03:04 IST India Infoline News Service

Bombay Stock Exchange Building
State-owned Rail Vikas Nigam Ltd (RVNL) will be listed on the stock bourses on Thursday. The issue opened for subscription on March 29 and closed on April 3, 2019.

The qualified institutional buyers (QIBs) category was subscribed 1.36 times. The retail individual investors (RIIs) category was subscribed 2.93 times. The non-institutional investor's category was subscribed 80%.

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

The equity shares of Rail Vikas Nigam Ltd (Scrip Code: 542649) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities, as per BSE data.

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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