IRCTC’s Initial public offer subscribed 33% within first few hours on opening day

IRCTC’s Initial public offer subscribed 33% within first few hours on opening day

IRCTC's public offer to raise about Rs 645 crore received bids for more than 67 lakh shares against the total issue size of over 2 crore shares

PTIUpdated: Monday, September 30, 2019, 02:45 PM IST
article-image
Representative image |

New Delhi: The initial public offer of Indian Railway Catering And Tourism Corporation (IRCTC) was subscribed 33 per cent within the first few hours of opening of bidding on Monday.

IRCTC's public offer to raise about Rs 645 crore received bids for more than 67 lakh shares against the total issue size of over 2 crore shares, as per exchanges' data till 1300 hrs. Price range for the company's initial public offer (IPO) has been fixed at Rs 315-320 per share.

The issue comprises an offer for sale of 2.01 crore shares of face value of Rs 10 each. Out of the total issue size, 1,60,000 equity shares are reserved for eligible employees. Bidding for the offer of the railways' tourism and catering arm will close on October 3 (Thursday).

Equity markets will be closed on Wednesday on account of "Mahatma Gandhi Jayanti". YES Securities (India), SBI Capital Markets and IDBI Capital Markets & Securities are the managers to the offer.

RECENT STORIES

Lok Sabha Elections 2024: BJP Unveils Campaign Strategy In UP, Books 19 Chartered Planes For Star...

Lok Sabha Elections 2024: BJP Unveils Campaign Strategy In UP, Books 19 Chartered Planes For Star...

Kolkata: BJP Leader Dilip Ghosh Once Again Makes Controversial Statement Against TMC After ECI Sends...

Kolkata: BJP Leader Dilip Ghosh Once Again Makes Controversial Statement Against TMC After ECI Sends...

Kolkata: TMC Leader Mahua Moitra Skips ED Summons, To Start Campaigning For Upcoming Lok Sabha...

Kolkata: TMC Leader Mahua Moitra Skips ED Summons, To Start Campaigning For Upcoming Lok Sabha...

ED Questions AAP Leaders In Goa Liquor Policy Scam Investigation; Kejriwal's Custody Extended

ED Questions AAP Leaders In Goa Liquor Policy Scam Investigation; Kejriwal's Custody Extended

Gujarat: NDPS Court Imposes 2 Lakh Fine On Sacked IPS Officer Sanjiv Bhatt In Drug Planting Case

Gujarat: NDPS Court Imposes 2 Lakh Fine On Sacked IPS Officer Sanjiv Bhatt In Drug Planting Case