IRCTC IPO Oversubscribed By 3.64 Times On Last Day Of Bidding

IRCTC Last Day Subscription Details

As of IST at 10:30 AM, IRCTC IPO oversubscribed by 3.64 occasions on the most recent day offering. On 30th Sep, IRCTC started its first sale of stock offering process.

The organization raised over Rs 645 crore through the issue. It has been oversubscribed by 3.64 occasions and gotten offers for 7,35,17,560 value shares against the Initial public offering size of 2.016 crore shares.

Qualified institutional financial specialists bought in to 1.65 occasions, non-institutional speculators 1.97 occasions. The retail financial specialists bought in to 7.22 occasions, and representatives 2.84 occasions.

At 2:00 PM, it was bought in 8.50 occasions by retail speculators (10.13), qualified institutional financial specialists (7.84), non-institutional speculators ( 7.16). The Initial public offering got offers for 17,17,27,480 value shares against a sum of 2.016 crore value shares.

By 3:40 PM, The Initial public offering bought in more than multiple times and got offers for 165,61,89,640 value shares upon the all out size of Initial public offering.

At 4:30 PM, it bought in more than multiple times and got offers for 2,25,09,16,400 value shares upon the complete size of Initial public offering

It was completely bought in on the second day of bidding. As of the information accessible on the National Stock Exchange the greater part of the offers got from the retail financial specialists.

The issue contained a proposal available to be purchased of 2.016 value shares. It has been fixed a value band at Rs 315 to Rs 320 for every value share. In addition, in an aggregate of 2.016 crore value shares 1.60 lakh shares held for qualified representatives.

Indian Railway Catering and Tourism Corporation offers rail route administrations to purchasers. It is an auxiliary of the Indian Railroads. IRCTC is occupied with providing food, travel and the travel industry, internet tagging business. It has a remarkable plan of action that causes its business to develop in broad daylight.