Rail Vikas Nigam Limited IPO GMP


To bridge the infrastructure deficit on Indian Railways, the then Prime Minister, Bharat Ratna Shri Atal Bihari Vajpayee announ?ced National Rail Vikas Yojana (NRVY) on 15th August 2002 in his address from the Red Fort. NRVY was formally launched by Hon’ble PM on 26th December 2002. To implement NRVY, RVNL was incorporated as an 100% owned PSU of Ministry of Railways (MoR) on 24-1-2003 with the twin objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis. RVNL became fully functional by March 2005.

RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of MoR. It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable. RVNL’s mandate includes mobilization of extra budgetary resources through a mix of equity, and debt from banks, financial institutions, multilateral agencies like Asian Development Bank and bilateral agencies for project execution through PPP by formation of project specific SPVs for Port and Hinterland connectivity. RVNL can enter into and carry on business relating to creation and augmentation of capacity of rail infrastructure on fast track.

In August 2004, it was decided that the issue of raising funds from the market to meet capital expenditure required for execution of projects by RVNL will be entrusted to IRFC. Accordingly, the focus of raising EBR for projects by RVNL has been on creation of project specific SPVs which are discussed in Para 2 below.

RVNL has been granted Mini Ratna-I status on 19-9-2013.

The paid up Equity Capital of the Company is Rs 2085 crore

Below are Details of Grey Market Premium (GMP) and Kostak Rate of Rail Vikas Nigam Limited IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO.

IdGrey Market PremiumKostak RateRate Date
150NILLNILL10 Apr 2019
147NILLNILL09 Apr 2019
144NILLNIll08 Apr 2019
141NILLNILL05 Apr 2019
140NILLNILL04 Apr 2019
1350-1 Rs250 Rs03 Apr 2019
1331-2 Rs (Steady)300 Rs02 Apr 2019
1311-2 Rs300 Rs01 Apr 2019
1301-2 Rs300 Rs28 Mar 2019

Your Comment:
 5 + 3 

Kavita Saini Apr 10 2019 10:49:58 PM
Expected listing price over Rs 20

BHARAT BASI Apr 10 2019 9:11:26 PM
What was the cut off price , not yet known. What will be the expected listing price , no one fore casts. Rs.15/- may be be right price to buy from open market .

admin Apr 10 2019 11:36:06 AM
Don't worry Prabhu your money will refunded. sometime it will take time by bank to release.

Prabhu Apr 10 2019 11:34:59 AM
My allotment status no information and my money also not refunded

Mohan Apr 9 2019 8:12:21 PM
record is not found means

Rajiv Apr 9 2019 4:03:54 PM
Rail Vikas IPO allotment status

v Apr 9 2019 1:56:01 PM
alotment status of RVNL???????????????????

AVINASH K R Apr 9 2019 11:13:17 AM
Where we have to check Allotment status

Abbas Apr 9 2019 8:21:34 AM
What about rvnl allotment status. Didn't received any response it now

Kishan Apr 5 2019 12:11:53 PM
Admin at this time we remove my application

admin Apr 5 2019 10:39:46 AM
GMP has updated in IPO GMP Section.

admin Apr 4 2019 7:32:52 PM
@Kishan, Retail can cancel there bid before the allotment. It may helpfull the other..

Kishan Apr 4 2019 11:36:32 AM
Admin then don't say at 4.13 because it's not usable for invester at 4.13

Kishan Apr 4 2019 11:36:32 AM
Admin then don't say at 4.13 because it's not usable for invester at 4.13

admin Apr 4 2019 11:13:29 AM
@Kishan, Some time it's difficult to provide feedback on exact time. But keep this calculation. QIB > 10x and HNI > 20x then Subscribed. else avoid and wait for better IPO. More to comes in coming year.

admin Apr 4 2019 10:47:54 AM
GMP has down to zero. It may go to negative. GMP has updated in IPO GMP section.

Kishan Apr 4 2019 7:44:29 AM
Admin please say early because in government bank last time is 2 pm and you say at 4.13 avoid it

admin Apr 3 2019 4:13:25 PM
Avoid it.

Arihant jain Apr 3 2019 3:56:19 PM
Ajay kumar bid price is 18.5 rs per share for retailer.

Ajay Kumar Apr 3 2019 1:03:57 PM
Please suggest what should be the bid price for retailers. is it INR 16.50.

admin Apr 3 2019 11:50:01 AM
@Rakesh, Yes you are rite. If HNI > 20x and QIB > 10x then we may have listing gain.

Rakesh Apr 3 2019 11:20:53 AM
@admin, What do you mean by 10X and 20X subscription? Is it 10 and 20 times?

admin Apr 3 2019 10:24:36 AM
GMP has updated in IPO GMP section. Not much improvement. It will go down or up depend on subscription figure. StocksIPO team suggest to subscribe the issue if HNI > 20X and QIB >10X.

admin Apr 2 2019 10:29:35 AM
GMP has been updated in IPO GMP Section.

Shailesh MEHTA Apr 1 2019 10:41:01 PM
Please mail me on 3rd April 1pm about current subscription status.

Shailesh MEHTA Apr 1 2019 10:40:55 PM
Please mail me on 3rd April 1pm about current subscription status.

admin Apr 1 2019 7:29:16 PM
Second day subscription is very low. Tomorrow picture will be clear..

Marvelous Apr 1 2019 5:12:43 PM
Yes .It Will Be Listing in T groups Only .we will get healthy gain don't worry

Naresh Apr 1 2019 4:55:17 PM
i think may be chances of listing in T Group, so difficult buy or sale share, only HNI, QIB put huge amount/share in buying or selling, so they may play game easily.

Marvelous Apr 1 2019 4:42:36 PM
I think you are correct. Because Dividend is healthy and Increase Every YEars. 2013-14 (Crore)31.5 2014-15 37.2 2015-16 115.1 2016-17 142 2017-18 (provisional) 167

Naresh Apr 1 2019 4:22:32 PM
I think it may be second Mishra Dhatu..bcs price is less may subscribe or and during listing, initial price may drop so retailer sell their share and QIB, HNI may get all share to get full benefit... bcs price is good, dividend is good, so no negetive point. but its a bluff game, bcs of govt issue, no one play game at this time but after listing they may play game.

Marvelous Apr 1 2019 4:07:12 PM
No Action from QIB.Retail is 0.5 %.Let's see last day action

admin Mar 31 2019 11:08:49 PM
It's risky in current environment. But wait for the last day subscription. if HNI > 20X and QIB > 10x then go ahead and apply for listing gain.

Dharam Mar 31 2019 6:28:25 PM
Please suggest

Naresh Mar 30 2019 2:30:18 PM
Dear Admin, Whats your suggestion, whether to apply? and how much can i apply?

Prem Lal Bhatt Mar 30 2019 1:45:23 PM
It is good to buy the share as the RVNL has a great turnover with the good profitability and hence the price will go up by 4x in next 5-6 months.

sandip Mar 29 2019 1:42:35 PM
subscribe for listing gain up to 20%

Marvelous Mar 29 2019 11:42:38 AM
GMP is 2 Rs Means We will Get 10% Return within a day.

admin Mar 29 2019 11:04:17 AM
GMP has updated on IPO GMP section.