research panel

Friday 11 October 2019

IRCTC to debut on bourses Monday: Will the highest-ever PSU IPO subscription mean a bumper listing?

IRCTC has a dominant market share of 72 percent in Railway E-Ticketing bookings.



Indian Railway Catering and Tourism Corporation (IRCTC) will make its grand debut on October 14 after its initial public offering (IPO) received the highest ever subscription among PSUs.
The final issue price is fixed at Rs 320 per share, the higher end of the IPO price band. Retail investors and employees of the company received shares at a discount of Rs 10 per share. Hence the final IPO price for them is Rs 310 per share.
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