Indian Railway Catering and Tourism Corporation (IRCTC) will debut on the bourses today. The initial public offer (IPO) of IRCTC has received bids for 225.69cr shares as against 2.01cr shares on offer, as per the NSE data. The issue was subscribed 111.95 times.
The qualified institutional buyers (QIBs) category was subscribed 108.79 times. The non-institutional investor's category was subscribed 354.52 times. The retail individual investors (RIIs) category was subscribed 14.94 times.
The price band was fixed at Rs315 to Rs320 per share. The equity shares are proposed to be listed on BSE and NSE (the “stock exchanges”).
"Effective from Monday, October 14, 2019, the equity shares of IRCTC Ltd shall be listed and admitted to dealings on the exchange in the list of 'B ' Group of Securities," BSE said in a circular.
Yes Securities (India), SBI Capital Markets and IDBI Capital Markets & Securities were the merchant bankers of the issue.
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