To bridge the infrastructure deficit on Indian Railways, the then Prime Minister, Bharat Ratna Shri Atal Bihari Vajpayee announced 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.
| Particulars | 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|---|---|
| Total Assets (In ₹ Millions) | 87,324.10 | 85,685.46 | 88,595.72 | 222,156.75 | 161,353.72 |
| Total Revenue (In ₹ Millions) | 36,228.82 | 75,973.58 | 59,151.06 | 45,398.54 | 31,465.35 |
| Profit After Tax (PAT) (In ₹ Millions) | 2,536.20 | 5,699.20 | 4,434.62 | 4,294.34 | 3,368.49 |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - Mar 29,2019 | 0.00 | 0.02 | 0.24 | 0.09 |
| Day 2 - Apr 01,2019 | 0.00 | 0.03 | 0.49 | 0.18 |
| Day 3 - Apr 02,2019 | 0.03 | 0.15 | 1.25 | 0.48 |
| Day 3 - Apr 03,2019 | 1.36 | 0.80 | 2.92 | 1.82 |
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IPO Allotment StatusRail Vikas Nigam Limited IPO will open on 29/03 and close on 03/04.
Rail Vikas Nigam Limited IPO will list on 11/04.
The offer price of Rail Vikas Nigam Limited IPO is ₹17-19.
The lot size of Rail Vikas Nigam Limited IPO is 780.
The Grey Market Premium (GMP) price of Rail Vikas Nigam Limited IPO is Not Available at the moment.
The Kostak price of Rail Vikas Nigam Limited IPO is Not Available at the moment.
The Subject to Sauda price for Rail Vikas Nigam Limited IPO is Not Available at the moment.
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