Rail Vikas Nigam Limited (RVNL) IPO: Reviews, Recommendations, Dates, Subscription status, Allotment and GMP - IPO Reviews

Monday, April 2, 2018

Rail Vikas Nigam Limited (RVNL) IPO: Reviews, Recommendations, Dates, Subscription status, Allotment and GMP

Rail Vikas Nigam Limited (RVNL), the organisation associated with Indian Railways, has today filed the draft prospectus with SEBI to float Initial Public Offer (IPO). RVNL works for Indian Railways to build engineering works like doubling, Gauge conversion, Metropolitan transport projects, Workshops, electrification of railway lines and bridges construction. 

RVNL is a  Miniratna (Category – I) Schedule ‘A’ Central Public Sector Enterprise, incorporated by the Ministry of Railways on January 24, 2003

Since its inception, Ministry of Railways has allocated 172 projects to the company, out of which, 166 projects have been completed as on date. The company has an of ₹686,836.20 million as on February 28, 2018, which include 106 ongoing projects. The company has completed 713.73 rkm of project length which included 355.73 rkm of doubling and 358 rkm of railway electrification in the FY17. 

The revenue from operations has increased at a CAGR of 37.11% from ₹31,465.35 million in the Financial Year 2015 to ₹59,151.06 million in the Financial Year 2017, and the net profit has increased at a CAGR of 14.74% from ₹3,368.49 million in Financial Year 2015 to ₹4,434.87 million in the Financial Year 2017. As on February 28, 2018, our total order book value was ₹686,836.20 million

The Face value is set at Rs 10 per share and there will be a discount for the retail investors as indicated in the draft proceedings. 

No comments:

Post a Comment