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Rail Vikas Nigam lists flat on the BSE on debut

11 Apr 2019 Evaluate

Rail Vikas Nigam (RVNL) has debuted at Rs 19 on the BSE, unchanged from its issue price of Rs 19.

The scrip is currently trading at Rs 19.65, up by 0.55 points or 2.89% from its issue price. It has touched a high and low of Rs 19.75 and Rs 18.60 respectively. So far 88,70,000 shares were traded on the counter.

RVNL initial public offer (IPO) had closed on April 3, 2019 and the price band was Rs 17-19 per share. Retail investors subscribed about 2.5 times the shares reserved for them, while qualified institutional buyers (QIBs) portion was subscribed 1.36 times.

RVNL is a Special Purpose Vehicle created to undertake project development, mobilization of financial resources and implement projects pertaining to strengthening of Golden Quadrilateral and Port Connectivity.

Rail Vikas Nigam Share Price

303.10 9.45 (3.22%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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