InvestorQ : I am planning to subscribe to the "Rail Vikas" IPO. Is it a good investment?
IPO
Purvesh made post

I am planning to subscribe to the "Rail Vikas" IPO. Is it a good investment?

Answer
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Shreya Karn answered.
1 year ago


It is a good investment in my perception however, you should look at the facts and fundamentals of any IPO before subscribing to it. So the same applies here too. Let's look at the fundamentals, business, and growth prospects of "Rail Vikas" IPO.

Rail Vikas Nigam Limited (RVNL) is a project executing agency of Ministry of Railways India and President of India is the promoter of the company. The major client of the company is Indian Railway, while other client includes PSUs, state and central government department and ministries. As it is backed by the Government of India background check of the company is good.

If we look at the performance of the company, then RVNL has completed 166 projects out of 17 projects assigned. This clearly shows a good track record of the company with respect to its work. The financial reports of RVNL are as follows :
Source: Chittorgarh.com

After evaluating all the above facts, I think subscribing IPO is worth. Issues open on 29 March 2019 and close on 3 April 2019. Minimum bid or lot size to subscribe is 780 shares and the price band is between Rs. 17 - Rs. 19 per share. Listed on NSE and BSE, it gives liquidity opportunity in the secondary market after listing.


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1 year ago


The public issue Rail Vikas IPO is recommended from my side. Rail Vikas Nigam Ltd. (RVNL), has maintained its strong order book position. It has recently set up for the hill projects of the Himalayas for the construction of the new lines between Rishikesh-Karnprayag in Uttrakhand and Bhanupalli-BilaspurBeri in Himachal Pradesh. It also hires plant and machinery from contractors. It is controlled by the Ministry of Railways for deputation of manpower to perform supervisory tasks. To nutshell this, Rail Vikas Nigam Ltd. (RVNL) is currently holding a strong financial book and after its listing, it is valued at nearly Rs 3,960 crore.

Issues open on 29 March 2019 and close on 3 April 2019. As a retail investor or subscriber with the reservation of 6.57lk shares, you can subscribe to Rail Vikas IPO and avail the discount of 0.5 per share.