IRCTC IPO Allotment Status: The initial public offer (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) attracted huge demand among investors. IRCTC IPO is already closed for subscription on 3 October 2019 is a part of the government’s ambitious divestment program.
According to a red herring prospectus, the government plans to raise Rs 638 crore by selling nearly 2 crore shares at Rs 315 to 320 through IRCTC IPO.
As per the NSE data, this is the first time ever that an IPO of a public sector undertaking has been subscribed more than 112 times, which means the company got bits worth Rs 72,200 crore.
IRCTC IPO Allotment Status
IRCTC is a Central Public Sector Enterprise is owned by the Government of India and officially controlled by the Ministry of Railways.
In September 1999, the company was incorporated with the objective to provide professionalize catering, managing hospitality services, promote international and domestic tourism through public private participation.
Procedure to Check IRCTC IPO Allotment Status
- Select the IPO issue type, issue name, application number, and PAN number.
- Once you enter all required details tap on the search button.
- That’s it, in the next screen, you will see the status of your IRCTC IPO allotment.
IRCTC Share Live: IRCTC Share Price, Live BSE/NSE Stock Price Today, Buy/Sell IRCTC
IRCTC IPO Details
|IPO Issue Period||Sep 30 – Oct 03|
|Issue Price Band||Rs 315 – 320 Per Equity Shares|
|Issue Type||Book Built Issue IPO|
|Market Lot||40 Shares|
|Min Order Qty.||40 Shares|
|Total IPO Size||635.04 Cr|
|No. of Offer Shares||2,01,60,000|
|Face Value||Rs. 10 Per Equity Shares|
|Listing At||BSE, NSE|
|No of Times Subscribed||111.95|
About Indian Railway Catering & Tourism Corporation Ltd
IRCTC official website is one of the most transacted website in Asia. As of 31st August 2019, nearly 1.4 million people traveled with Indian Railways and more around 73 percent of tickets are booked online through the official IRCTC website.
Currently, the company operates majorly in four segments which are catering serving, online ticket booking, packed drinking water, and travel & tourism. Where catering services is the largest contribution to the IRCTC revenue.
In 2018 the company also launched the i-Pay payment gateway to manage domestic transactions made through debit cards and credit cards.
Frequently Asked Questions
The IRCTC IPO allotment is expected on Oct 9, 2019. You simply need to click the IRCTC IPO Allotment Status button to check the allotment.
IRCTC IPO allotment status is made available on this webpage as soon as the IPO Registrar makes the allotment public.
As per the report, IPO allotment status will be available on Oct 9, 2019.
There are so many reasons you didn’t get allotment such as IPO to become oversubscribed, the application got rejected or the issue price is higher than the bid price.