IRCTC IPO – Should We Subscribe?
The initial public offer (IPO) of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) now open for subscription today, September 30, and had been subscribed 76% a few hours after it opened today
KEY BENEFITS:
- Retail investors applying for IRCTC shares get a discount of ₹10 per share
- The maximum number of IRCTC shares retail investors can bid in this IPO is 640 or 16 lots
KEY DETAILS:
Issue Open Sep 30, 2019 – Oct 3, 2019
Issue Type Book Built Issue IPO
Issue Size 20,160,000 Eq Shares of ₹10
(aggregating up to ₹645.12 Cr)
Offer for Sale 20,160,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value: ₹10 Per Equity Share
Issue Price: ₹315 – ₹320 Per Equity Share
Market Lot; 40 Shares
Min Order Quantity: 40 Shares
Listing At BSE, NSE
Overall a good IPO to invest, one must subscribe without fail and returns guaranteed on allotment. Subscription ends on October 3, 2019. hence 2 more days available to subscribe.
Ravi EQS Ratings: 9.5*/10*
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