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Rail Vikas Nigam Ltd. IPO Company Background:
Rail Vikas Nigam Ltd. (RVNL) is a wholly owned Government Company, a Miniratna (Category – I) Schedule 'A' Central Public Sector Enterprise. RVNL is a project executing agency working for and on behalf of MoR (Ministry of Railways). It undertakes rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity coupled with raising of extra-budgetary resources for project execution. The role of RVNL is to mobilize finances and is restricted to forming of project specific SPVs with private participation.
IPO Details
Minimum Application for Retail 780 Shares | Rs. 14,820*/-
Price Band & Lot Size Rs. 17 - 19
Net Issue Size Rs. 426 - 477 Cr.