The IPO of Rail Vikas Nigam Ltd (RVNL), which opened on Friday, was subscribed 15% as of 12 noon today. The ₹481-crore RVNL IPO will close on April 3. At the end of Day 1, RVNL IPO was subscribed 9 times. What brokerages sayDolat Capital has a “subscribe for the long term" recommendation for the RVNL IPO. Canara Securities, which has a subscribe rating on RVNL IPO, in a note said: "RVNL has a very strong order book with proven execution record.

Source: Mint April 01, 2019 05:37 UTC