Rail Vikas Nigam Ltd OFS

Rail Vikas Nigam Ltd has come up with OFS, and it is open for subscription today i.e 24th March 2020, for Non-Retail category and 25th March 2021 for Retail category subscription  between 9:15 AM till 2:45 PM. The same is available on our web platform as well on terminal.

 

The cut-off price determined on the first day of RVNL OFS (24-Mar-2021) on the basis of bids received in general category is Rs 27.50.

Issue Details

Rail Vikas Nigam Ltd OFS
Symbol

RVNL
Series - Non Retail IS
Series - Retail RS
Number of shares being offered for sale Upto 20,85,02,010 equity shares of Rs 10/- each
Maximum Bid Quantity Upto 20,85,02,010 equity shares of Rs 10/- each
Allocation Methodology Price priority basis
Name of the Seller (s) The President of India, acting through and represented by Ministry of Railways, Government of India
Name of the broker (s) on behalf the seller

IDBI Capital Markets and Securities Limited, Elara Securities (India) Private Limited
Face Value Rs 10
ISIN

INE415G01027
Floor Price Rs.27.50
Date of offer 24-March-2021 and 25-March-2021
Market Lot 1 Equity Share
Tick Size Rs 0.05
Stock exchanges where the Orders shall be placed National Stock Exchange of India Limited and BSE Limited
Non Retail Category - Bidding details (IS Series)  
Bidding session Date (For IS series) 24/March/21
Bidding session Time 09:15 AM to 2:45 PM
Series IS (Non retail category)
Date to indicate carry forward of unallocated Bids in Non-retail category 25/March/21
Carry Forward Timings 09:15 AM to 2:45 PM
Retail category Bidding details (RS Series)  
Bidding session Date (For RS series) 25/March/21
Bidding session Time 09:15 AM to 2:45 PM
Series RS (Retail category)
Reservation portion for Retail 10% of offer size (As per SEBI OFS Guidelines, Retail bids below the cut-off price shall not be eligible for allocation)



How to bid in OFS

If total bid value is not exceeding 2 lakh rupees then the investor can apply in retail category. In other cases, the investor has to apply in the HNI category.

To apply for OFS you simply have to Login – Click on IPO/OFS option – Select OFS – Apply

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