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Monday 1 April 2019

Rail Vikas Nigam IPO was subscribed 7% on day 1 of the bidding process. The issue will close on April 03.

The IPO had received bids for 1.72cr shares against the total issue size of 25.34cr shares, which is 7% of the issue size, as per NSE data.

The price band is set at Rs17-19 per equity share of face value of Rs10 each of the company (the Equity Shares).

Yes Securities (India) Limited, Elara Capital (India) Private Limited, and IDBI Capital Markets & Securities Limited are the Book Running Lead Managers (BRLMs) to the Offer, while Alankit Assignments Limited is the Registrar to the Offer.





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