Rail Vikas Nigam Limited or RVNL which had tapped the capital markets with its offer for sale of 25,34,57,280 equity shares in a price band of Rs 17-19 was oversubscribed. The issue had opened on Friday the 29th of March and closed on Wednesday the 3rd of April. There was a discount of Rs 0.50 for retail investors and eligible employees.

The retail portion received 2,19,380 application forms and the retail portion was subscribed 1.93 times on the basis of application forms. The HNI portion remained undersubscribed at 0.80 times.

The full details of the subscription are given below: –