IRCTC enjoys bumper IPO subscription in slowing economy
State-run Indian Railway Catering and Tourism Corp’s initial public offering to raise 6.45 billion rupees was subscribed nearly 112 times by the end of the book-running process, stock exchange data showed. Investors bid for 2.25 billion shares of the company, compared with 20.2 million shares on offer, according to data from the National Stock Exchange, as of 1230 GMT on Thursday. The company is authorized by the railway ministry to offer Indian railway tickets online, offer catering service and exclusively manufacture and supply packaged drinking water at railway stations and on trains in India. The issue for IRCTC, which also handles holiday packages and pilgrimage tours for the Indian railways, comprises an offer for sale of 20.2 million shares at a price band of 315-320 rupees per share.
Discover Related
IRCTC to launch Kashmir air tour package from Mangaluru on August 25
Upcoming IPO: Aye Finance, Bluestone Jewellery and GK Energy gets SEBI nod to launch IPO
Stocks to watch on April 7: Tata Motors, ITC, L&T, Nykaa, IndusInd Bank
Stocks to buy under ₹100: Experts recommend four shares to buy today — 2 April 2025
IPO market off to a slow start in FY26, but these 4 firms to debut soon
Sebi issues framework for fast-track follow-on offer by REITs, InvITs
IRM Energy shares surge 14% after long-term LNG deal with Shell Energy India
PSU stocks in focus: IRFC to lend ₹5,000 crore to NTPC Renewable Energy; shares edge higher
Top stocks to watch today: IREDA, BHEL, ONGC, HCLTech, IRFC, NCC and more
Reliance Industries share price rises 1% after THIS update; do you own?