What is the price band of the Rail Vikas Nigam IPO?

The price band is ₹17.0–19.0 per share, and the final issue price is ₹19.0.

What is the lot size of the Rail Vikas Nigam IPO?

One lot is 780 shares, so the minimum retail bid is ₹14,820 at the upper end of the price band.

When is the Rail Vikas Nigam IPO listing date?

The shares listed on 11 April 2019.

How many times was the Rail Vikas Nigam IPO subscribed?

It was subscribed 1.83x overall: QIB 1.36x, NII 0.80x and retail 2.93x (NSE and BSE together).

Rail Vikas Nigam IPO

Rail Vikas Nigam Limited (RVNL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 11 April 2019.

Listed 11 Apr Subscribed 1.83x Listing gain +0.0%

Issue details

Price band

₹17.0–19.0

Issue price

₹19.0

Lot size

780 shares

Min. retail bid

₹14,820

Max. retail bid

13 lots (₹1,92,660)

Issue size

₹842 Cr

Face value

₹10

Bidding

29 Mar – 03 Apr 2019

Listing

11 Apr 2019

Retail quota

35%

Registrar

Alankit Assignments Limited

Discount

Rs.0.50/- per Equity Share for Retail Individual bidders and Eligible Employees category.

Listing day

Listed at

₹19.0

0.0% vs issue price ₹19.0

Day's high

₹19.8

+4.2% · low ₹18.6 (-1.8%)

Day's close

₹19.1

+0.3% · traded ₹171 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	12,64,00,000	17,21,21,040	1.36x
NII (HNI) total	3,79,20,000	3,02,50,740	0.80x
Retail	8,84,80,000	25,95,49,680	2.93x
Employees	6,57,280	13,94,640	2.12x
Total	25,34,57,280	46,33,16,100	1.83x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 45% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Rail Vikas Nigam's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Tejas NetworksJun 2017	2.16x	0.48x	3.10x	1.88x	₹803 Cr	0.0%	+5.6%
Indian Energy ExchangeOct 2017	2.56x	0.85x	2.61x	2.28x	₹1,426 Cr	-9.1%	+0.6%
Precision CamshaftsJan 2016	2.62x	0.73x	2.01x	1.91x	₹424 Cr	-11.3%	-0.5%
Khadim IndiaNov 2017	2.44x	0.18x	2.33x	1.90x	₹544 Cr	-2.7%	-1.4%
Bharat DynamicsMar 2018	1.50x	0.50x	1.41x	1.30x	₹1,667 Cr	-13.6%	-5.9%
Bharat Road NetworkSep 2017	1.33x	1.63x	5.69x	1.81x	₹1,276 Cr	0.0%	+6.8%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
YES Securities (India)	6	+28.6%	83%
Elara Capital (India)	5	+11.8%	60%
IDBI Capital Markets & Securities	7	+19.1%	43%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip)

Frequently asked

What is the Rail Vikas Nigam IPO price band and lot size? ₹17.0–19.0 per share, with a lot of 780 shares, so the smallest retail bid is ₹14,820.

How many times has it been subscribed? 1.83x overall: QIB 1.36x, NII 0.80x, retail 2.93x, employees 2.12x.

How did it list? It opened at ₹19.0, +0.0% against the issue price of ₹19.0, and closed its first day +0.3%.

Other IPOs of 2019

Prince Pipes and Fittings Ujjivan Small Finance Bank CSB Bank Vishwaraj Sugar Industries Indian Railway Catering and Tourism Corporation Sterling & Wilson Solar Affle India IndiaMART InterMESH All 2019 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.