IRCTC IPO oversubscribed by 7.22 times on the last day

The price band has been fixed at Rs315 to Rs320 per share.

Oct 03, 2019 07:10 IST India Infoline News Service

IRCTC
The initial public offer (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) has been oversubscribed by 7.22 times on Thursday (as of 12:31 PM), as per the NSE and BSE data.

The reserved portion of qualified institutional investors subscribed 5.60 times and non-institutional investors 6.94 times and the retail investors 9.74 times.

The IPO has received bids for 6.55cr shares as against 2.01cr shares on offer, as per NSE data and the issue was subscribed 3.25 times on October 1, 2019.

The issue opened for bidding on Monday, 30 September 2019 and it will close today. The price band has been fixed at Rs315 to Rs320 per share. The minimum order quantity is for 40 equity shares and in multiples thereof.

The book running lead managers to the offer are IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited and YES Securities (India) Limited.


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