IRCTC Share Price: Indian Railway Catering and Tourism Corporation Limited (IRCTC) has successfully launched its IPO (Initial Public Offering) on 30 September 2019 with a price band of Rs. 315-320 per share. After the allotment of shares to the investors, the government will hold 87.4% stack in IRCTC.
IRCTC IPO closed for subscription on 3 October 2019, got subscriber nearly 112 times, making it the most successful share sale in over two years. The allotment of IRCTC IPO will be held from 9 October to 10 October according to brokerages.
Alankit Assignments will take care of share allotment and refund processing. IRCTC share will get listed on both NSE and BSE and the tentative listing date of the firm on bourses is 14 October 2019.
The lot size of IRCTC IPO was 40 shares has been fixed at Rs 315 – 320 per share and retail investors are eligible for a discount of Rs 10 per share.
IRCTC (Indian Railways Catering and Tourism Corporation) is authorized by the Indian Railway to offer train ticket, provide catering service, exclusively manufacture and supply packaged drinking water at railway stations and on trains in India. The company has also diversified into other businesses such as e-catering, exclusive lounge, non-railway catering, and budget hotels.