RAIL VIKAS NIGAM Ltd IPO - Detail Analysis Apply or Avoid - RVNL IPO Review
Rail Vikas Nigam Limited is involved in engineering railway projects. Since its 2003 Ministry of Railways has assigned 172 projects, while 166 are sectioned for execution.
It has generated income of over Rs 167,777.00 Million from its 60 projects completing and the rest projects are under process.
The company generally takes projects on turnkey basis and provides end to end solution for development from formulation to execution and commissioning comprising of designing phases, estimation prediction, deciding and alloting contracts project management etc.
As on 28th February 2018, it has 598 employees.
Date of Incorporation:
The company was incorporated as “Rail Vikas Nigam Limited” on 24th January 2003 as a public venture.
Promoters of the Company:
The President of India, acting through the ministry of Railways, Government of India is the promoter of Rail Vikas Nigam Limited.
Products and Service Offerings:
It offers a wide range of activities that include: new lines, doubling, gauge conversion, railway electrification, metropolitan transport projects, workshops and others.
The major clientele of the Rail Vikas Nigam Limited includes Indian Railways, Central and State Government Ministries, Departments and various Public Sector Undertakings.
Objects of the Offer:
- The main objectives of the Rail Vikas Nigam Limited IPO are:
- To carry out disinvestment through offer for sale by selling stakeholders.
- To achieve the benefits of listing the Equity Shares across leading Stock Exchanges.
For the year/period ended (in Rs.
Profit After Tax