Rail Vikas Nigam Ltd. debuts with 0.00% discount at Rs 19.00
11/04/2019 20:50
Rail Vikas Nigam Ltd. makes a flat debut on the bourses with scrip got listed at Rs 19.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 19.00. On the National Stock Exchange, the stock was listed at Rs 19.00.

The company, which raised 25.35 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 2,534.57 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 29 to Apr 03.

Following a flat opening, the scrip touched an intraday high of Rs 19.75 and a low of Rs 18.60, before closing the session up by 0.26 per cent to its listing price at Rs 19.05 on the BSE.

The company anticipates using the proceeds of the issue for .

Elara Capital (India) Private Limited,Yes Securities (India) Ltd.,IDBI Capital Markets & Securities Limited as lead managers & Alankit Assignments Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 38,607.01, up 21.66 points, or 0.05 per cent.