IRCTC makes blockbuster debut; zooms over 101 pc in debut trade
PTI, Oct 14, 2019, 11:18 AM IST
New Delhi: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed over 101 per cent in debut trade on Monday against its issue price of Rs 320.
It listed at Rs 644, reflecting a huge jump of 101.25 per cent as compared to the issue price on the BSE.
On the NSE, it skyrocketed 95.62 per cent to Rs 626 in opening trade.
The company’s market valuation stood at Rs 10,972 crore in morning trade.
The initial public offering of IRCTC was a huge hit among investors, subscribed 111.91 times earlier this month.
The Rs 645-crore IPO was in a price range of Rs 315-320 per share.
IRCTC is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Lohia Auto launches EV brand ‘Youdha’, aims to sell 3 lakh vehicles by 2027
“FM ji FM ji, itna tax main kaise bharun”, asks investor Vijay Kedia in viral post
RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm
Front-running case: Sebi bans 9 entities from market , impounds illegal gains of over Rs 21 crore
Global trends, FIIs’ move to dictate trends in markets in holiday-shortened week: Analysts
MUST WATCH
Latest Additions
Lohia Auto launches EV brand ‘Youdha’, aims to sell 3 lakh vehicles by 2027
Rewind 2024: A year of turbulence – Mirabai and Indian weightlifting’s unfulfilled dreams
I never liked dubbed English films: Sanjay Mishra
TTD sub-temple in Tarigonda receives golden crown donation
Murder accused hurls slipper at judge in Thane court; booked
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.