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Rail Vikas Nigam IPO Subscribed 1.82 times; QIB 1.36, HNI 0.80 & RII 2.92 times

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Rail Vikas Nigam IPO to hit the market on 29 March 2019 and closes on 03 April 2019. This is one of the PSU which is profit making and the company might get good listing gain. There might be spike in gmp if all looks good and we can expect a good numbers in subscription in all categories. Lets see how investors will up to. Check Rail Vikas ipo gmp by day to day.

Rail Vikas Nigam IPO Subscription Numbers (Fully Subscribed)

CategoryDay 2Day 3Day 4

Rail Vikas IPO Dates & Price Band: 

  • IPO Open: 29-March-2019
  • IPO Close: 03-April-2019
  • IPO Size: Approx Rs.482 Crore 
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.17 to Rs.19 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Discount: Rs.0.50 for Retail & Employees
  • Equity: 253,457,280 Shares

Rail Vikas IPO Market Lot:

  • Shares: Apply for 780 Shares (Minimum Lot Size)
  • Amount: Rs.14820 for QIB & HNI
  • Amount: Rs.14430 for Retail & Employees

Rail Vikas IPO Allotment & Listing:

  • Basis of Allotment: 08-April-2019
  • Refunds: 09-April-2019
  • Credit to demat accounts: 09-April-2019
  • Listing: 11-April-2019
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