INSUBCONTINENT EXCLUSIVE:
IRCTC IPO subscription: The window will close at the end of trade on Thursday, October 3IRCTC's initial public offer (IPO) was subscribed
more than 3.5 times on the final day of issue on Tuesday
IRCTC or Indian Railway Catering and Tourism Corporation - the online ticketing arm of the Indian Railways - plans to raise up to Rs. 645
crore through the public offer
The IRCTC IPO opened for subscription on Monday and will close at the end of trade on Thursday, October 3. The markets remained shut on
Wednesday on account of Mahatma Gandhi Jayanti
( Last Day Of IRCTC IPO Today
Should You Subscribe?)By 1:30 pm, bids for 33.04 crore shares were received as against the total 2.02 crore shares on offer under the IRCTC
IPO, data from the National Stock Exchange (NSE) showed
That marked a subscription of 16.39 times.IRCTC IPO - Here are some important things to know about the public offer: Issue size: IRCTC is
selling 2.01 crore shares under the IPO
At the upper end of the price band, the company is valued at Rs
5,040 crore at the lower end, according to brokerage Axis Capital.Issue price: IRCTC has set an issue price of Rs
320 for the IPO. Half of the total shares on offer are reserved for qualified institutional investors, 35 per cent for retail investors and
15 per cent for non-institutional buyers.Lot size: The IRCTC IPO can be subscribed to with a minimum of 40 shares, and in the multiples of
40 thereof. Shares reserved for staff: The IRCTC IPO comprises an offer for sale (OFS) of 2.01 crore shares, of which, 1.6 lakh are
reserved for employees. Utilisation of proceeds: All proceeds from the IRCTC IPO will go directly to the selling shareholder. Company
profile: State-run IRCTC is the only entity authorised by the Indian Railways to provide catering services to railways, online railway
tickets, and packaged drinking water at railway stations and trains in India. Currently, IRCTC operates in four business segments: Internet
Ticketing, Catering, Packaged Drinking Water and Travel and Tourism.More on IRCTC IPO: The IRCTC IPO is the largest of all the railway
There are three other listed entities associated with the Railways: Rail Vikas Nigam, Rail India Technical and Economic Service (RITES) and
Indian Railway Construction Company (IRCON). Get Breaking news, live coverage, and Latest News from India and around the world on
TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
