Upcoming IPO- Rail Vikas Nigam IPO

Rail Vikas Nigam Company Profile:

The Company was incorporated in New Delhi as a public limited company on January 24, 2003, as “Rail Vikas Nigam Limited” with the RoC under the Companies Act, 1956. The Company was issued its certificate of commencement of business on February 18, 2003. Further, the Company has been conferred the status of ‘Schedule A-Public Sector Enterprise’.

Rail Vikas Nigam Limited (RVNL) is a leading superior Purpose Vehicle created to accept project development, mobilization of economic resources. RVNL implement projects pertaining to strengthening of Golden Quadrilateral and Port Connectivity. RVNL has been registered as a company under Companies Act. The RVNL main objective contains assigning rail infrastructure assets including contractual rights and obligations to acquire, purchase, license, concession. And also to carry on business relating to railway related and other construction and to enter into contracts in India or abroad. This includes supply, erection and commissioning of equipment and all services auxiliary thereto.

Rail Vikas Nigam IPO Promoters:

President of India.

Rail Vikas Nigam IPO Details:

Rail Vikas Nigam IPO Date: The IPO date is expected to be the end of this calendar year.

Rail Vikas Nigam IPO Registrar: Alankit Assignments Limited.

Rail Vikas Nigam IPO Allotment Status: The issue date is not released yet; the allotment status is not out. The allotment status will be announced about 15 days of the IPO issue date.

Rail Vikas Nigam IPO Grey Market Price, Rates, GMP Premium:

Rail Vikas Nigam Grey Market price not known and will be released before 1-2 weeks of the IPO release date.

Rail Vikas Nigam IPO Price Brand: The IPO price band will be known after the offer price is released.

Rail Vikas Nigam IPO Issue Size: Rail Vikas Nigam Issue size is not released yet.

Rail Vikas Nigam IPO Equity Shares Offerings: The PSU company has released in the red herring prospects that will offer around 20.85 crore equity shares in the market.

Rail Vikas Nigam IPO lead Managers: The details of the IPO lead Managers are not known yet. It will be known after the company releases the draft red herring prospectus.