Rail Vikas Nigam IPO GMP History
Rail Vikas Nigam IPO has been listed on April 11, 2019 at a listing price of ₹19, against the issue price of ₹19 — a gain of ₹0 (+0%). The GMP peaked at ₹1.5 on 4 April 2019 and reached a low of ₹0.5 on 10 April 2019. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Rail Vikas Nigam IPO raised ₹476.86 Cr. through its IPO at a price band of ₹17 to ₹19 per share, with a lot size of 780 shares. The IPO was open for subscription from 29 Mar 2019 to 03 Apr 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Apr 2019 | ₹ 0.5 | — | 3% | — | — |
| 09 Apr 2019 | ₹ 0.5 | — | 3% | — | — |
| 08 Apr 2019 | ₹ 0.5 | — | 3% | — | — |
| 07 Apr 2019 | ₹ 0.5 | — | 3% | — | — |
| 06 Apr 2019 | ₹ 0.5 | — | 3% | — | — |
| 05 Apr 2019 | ₹ 0.5 | ▼ | 3% | — | — |
| 04 Apr 2019 | ₹ 1.5 | — | 8% | — | — |
| 03 Apr 2019 | ₹ 1.5 | — | 8% | — | — |
| 02 Apr 2019 | ₹ 1.5 | — | 8% | — | — |
| 01 Apr 2019 | ₹ 1.5 | — | 8% | — | — |
| 31 Mar 2019 | ₹ 1.5 | ▲ | 8% | — | — |
| 30 Mar 2019 | ₹ 1.25 | — | 7% | — | — |
| 29 Mar 2019 | ₹ 1.25 | — | 7% | — | — |
| 28 Mar 2019 | ₹ 1.25 | — | 7% | — | — |
| 27 Mar 2019 | ₹ 1.25 | — | 7% | — | — |
Rail Vikas Nigam IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 29 Mar 2019
- Close 03 Apr 2019
- Allotment 08 Apr 2019
- Refund/credit 09 Apr 2019
- Listing 11 Apr 2019
Rail Vikas Nigam IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹19 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 11 Apr, 2019 |
| Actual listing price | ₹19 (+0%) |
Is Rail Vikas Nigam IPO GMP reliable?
Grey market premium for Rail Vikas Nigam IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Rail Vikas Nigam IPO full review for a fundamentals-based assessment before making any grey market trades.
Rail Vikas Nigam IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Rail Vikas Nigam IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Rail Vikas Nigam IPO
Rail Vikas Nigam Limited was set up in 2003 by the Ministry of Railways as a project executing agency. Its promoter is the President of India.
It mobilises financial resources and develops rail projects, including works to strengthen the golden quadrilateral and port connectivity.
It also raises extra budgetary resources for Indian Railways projects.
The IPO was Rs 476.86 crore and was entirely an offer for sale by the Government of India at Rs 19, the top of the Rs 17 to Rs 19 band, so the company received no money.
Frequently asked
What is the GMP of Rail Vikas Nigam IPO?
The current Grey Market Premium (GMP) of Rail Vikas Nigam IPO is ₹ 0.5.
What is the Kostak Price of Rail Vikas Nigam IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Rail Vikas Nigam IPO is not available.
What is the Subject to Sauda Price of Rail Vikas Nigam IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Rail Vikas Nigam IPO?
Rail Vikas Nigam IPO listed on April 11, 2019 at ₹19, against the issue price of ₹19 — a gain of +0%.
How did the GMP of Rail Vikas Nigam IPO trend before listing?
The GMP of Rail Vikas Nigam IPO was stable in its final days before listing. The GMP peaked at ₹1.5 on 4 April 2019. View the day-wise table above for the complete GMP history.
Explore Rail Vikas Nigam IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
