BUSINESS

Rail Vikas Nigam makes tepid debut

Rail Vikas Nigam made a tepid debut on the bourses on Thursday, with the equity shares closing almost flat compared with the issue price.

On the BSE, the shares listed at the issue price of Rs. 19, before touching a high of Rs. 19.75. It fell below the issue price to touch a low of Rs. 18.60 and ended the day at Rs. 19.05.

At Thursday’s closing price, the market capitalisation of the public sector enterprise was pegged at Rs. 3,972 crore.

The initial public offering was subscribed 1.83 times with the retail segment seeing maximum response with almost three times subscription.

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