Grey Market Price Of Rail Vikas Ipo

Grey market price of rail vikas ipo

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Rail Vikas Nigam Limited IPO Details

Issue Date29/03 - 03/04
Issue SizeRs. 481.57 Cr
Issue PriceRs.

17-19

Market Lot780 Shares
Shares on Offer253,457,280
Registrar
GMPN/A
KostakN/A
Subject to SaudaN/A
Listing Date11/04
Listing PriceRs.19
Listing Gain%0.00

About Rail Vikas Nigam Limited IPO

To bridge the infrastructure deficit on Indian Railways, the then Prime Minister, Bharat Ratna Shri Atal Bihari Vajpayee announ​ced 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.

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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.

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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.

Rail Vikas Nigam Limited - Subscription Details

Rail Vikas Nigam Limited - Company Financials

Rail Vikas Nigam Limited - Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Rail Vikas Nigam Limited IPO Reviews

  • We do not recommend subscription of Rail Vikas Nigam Limited IPO.

Rail Vikas Nigam Limited IPO FAQs

  1. When will Rail Vikas Nigam Limited IPO open?

    Rail Vikas Nigam Limited IPO will open on 29/03 and close on 03/04.

  2. What is the listing date of Rail Vikas Nigam Limited IPO?

    Rail Vikas Nigam Limited IPO will list on 11/04.

  3. What is the offer price of Rail Vikas Nigam Limited IPO?

    The offer price of Rail Vikas Nigam Limited IPO is Rs.17-19.

  4. What is the lot size of Rail Vikas Nigam Limited IPO?

    The lot size of Rail Vikas Nigam Limited IPO is 780.

  5. What is the Grey Market Premium (GMP) price of Rail Vikas Nigam Limited IPO?

    The Grey Market Premium (GMP) price of Rail Vikas Nigam Limited IPO is Not Available at the moment.

  6. What is the Kostak price of Rail Vikas Nigam Limited IPO?

    The Kostak price of Rail Vikas Nigam Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Rail Vikas Nigam Limited IPO?

    The Subject to Sauda price for Rail Vikas Nigam Limited IPO is Not Available at the moment.

NSE and BSE IPO grey market Premium - What you need to know

The grey market - or, the illegal premium market for initial public offerings (IPOs) was back after almost a decade.

After its death almost 10 years ago, the the grey market was reborn in August, 2004 with Tata Consultancy Services (TCS) Ltd issue.

It is a completely illegal market where stocks are traded even before allotments in the IPOs are made.

In fact, the unofficial trading begins well before the scrip is listed.

The transaction in this market is normally between parties who know each other very well. They trade in scrips unofficially and settle accounts outside of the stock exchanges once the allotments by the companies are decided.

Normally, third parties are not part of such trading.

However, a third party is entertained only if he is introduced through a person known in the circuit.

Two parties agree to settle the trade at a price on the day of listing through the stock market mechanism and the difference is settled through cash, explained broking industry sources.

A robust secondary market has aided this trend and players in this segment are doing brisk business across centres.

RVNL IPO LATEST NEWS -- RVNL IPO DETAILS -- RAIL VIKAS IPO DETAILS -- RAIL VIKAS NIGAM LIMITED IPO

Ahmedabad is the most active grey market centre while Kolkata, Delhi and Mumbai are also some of the centres where grey market for IPOs is alive and kicking.

A dealer with a brokerage house said, The future of the grey market for the IPOs is linked with the robustness of the secondary market.

Till the time the cash market is in the pink of health, this grey market will flourish and the moment a downturn is signalled in the cash market, the grey market downturn will be faster than that of the cash market. In such an event, the premium market will disappear altogether.

IPO grey market - Glossary

  1. IPO - IPO is an initial public offering (IPO) is the first time that the stock of a private company is offered to the public.

    Grey market price of rail vikas ipo

    IPOs are often issued by smaller, younger companies seeking capital to expand, but they can also be done by large privately owned companies looking to become publicly traded.

  2. IPO Grey Market - A grey market (sometimes called a parallel market, but this can also mean other things; not to be confused with a blackmarket or a grey economy) is the trade of a commodity through distribution channels that are legal but unintended by the original manufacturer.

  3. GMP - GMP is Grey market premium (or grey market price) is a premium amount in rupees at which IPO shares are being traded in Grey Market before they get listed in stock exchange.

    Grey market price of rail vikas ipo

    Grey market premium can be in positive or in negative based on demand and supply of the stock. Grey Market Premiums are also attached with words 'Buyer' or 'Seller'. They tell the price either at which buyers are willing to buy shares or the price at which sellers are willing to sell their IPO shares.

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  4. Kostak - Kostak (or price of application) is the premium amount in rupees at which IPO applications are being traded in IPO Grey Market.

    Usually 'Kostak' value is defined as the premium of a maximum lot retail application in an IPO.

    Grey market price of rail vikas ipo

    Kostak price is important mostly before issue is close for subscription and final bidding status is available to the IPO investors. Very few IPOs applications are traded after final bidding status is available to the investors. 'Kostak' is especially for people who do not want to take risk with IPO allotment or listing gains.

  5. Basis of IPO allotment - In August 2012 SEBI has made regressive changes in the allotment procedures.

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    As per these changes, every retail applicant will get a certain number of shares, though it is subject to the availability. It clearly means that retail investors are now assured to get minimum number of shares at a decided ratio irrespective of the lots they have applied, subject to availability.

    However remaining shares will be allotted proportionately. Current procedure is quite encouraging for retail investors as now they have assurance of getting shares in IPO. As per this practice every investor has equal probability of getting shares in an IPO irrespective of the lots he applied in an oversubscribed issue.

    Grey market price of rail vikas ipo

    Even if he applied for minimum permissible lot he may get minimum number of stocks allotted to shareholders. In fact retail investors who apply for smaller lots may have a better chance of getting more number of shares than the investors who applies for maximum amount permissible.

Date & TimeQIBNIIRIITotal
Day 1 - Mar 29,20190.000.020.240.09
Day 2 - Apr 01,20190.000.030.490.18
Day 3 - Apr 02,20190.030.151.250.48
Day 3 - Apr 03,20191.360.802.921.82
Particulars30-Sep-1831-Mar-1831-Mar-1731-Mar-1631-Mar-15
Total Assets (In Rs.

What is Grey Market Premium?

Millions)

87,324.1085,685.4688,595.72222,156.75161,353.72
Total Revenue (In Rs. Millions)36,228.8275,973.5859,151.0645,398.5431,465.35
Profit After Tax (PAT) (In Rs. Millions)2,536.205,699.204,434.624,294.343,368.49