The IRCTC IPO will go public on September 30, 2019, and will conclude on September 3, 2019. IRCTC is a government-backed organisation that handles internet ticketing for Indian Railways.
It’s a well-known brand, and we should expect a solid listing because IRCTC’s grey market premium is soaring. In retail, we should expect a good subscription around 10 times. The ipo size is around 645 crore rupees, with a market lot of 40 shares and a price band of 315-320, with a discount of 10 rupees for retail and employees. Check IRCTC ipo gmp on a daily basis.
IRCTC IPO Dates & Price Band:
- IPO Open: 30-September-2019
- IPO Close: 03-October-2019
- IPO Size: Approx ₹645 Crore (Approx)
- Face Value: ₹10 Per Equity Share
- Price Band: ₹315 to ₹320 Per Share
- Listing on: BSE & NSE
- Equity: 2,01,60,000 Shares
- Discount: ₹10 for Retail & Employees
- Allocation: QIB: 50%, HNI: 15%, Retail: 35%
IRCTC IPO Market Lot:
- Shares: Apply for 40 Shares (Minimum Lot Size)
- Amount: ₹12,400 for Retail & Employee
- Amount: ₹12,800 for QIB & HNI
IRCTC IPO Allotment & Listing:
- Basis of Allotment: 09-Oct-2019
- Refunds: 10-Oct-2019
- Credit to demat accounts:11-Oct-2019
- Listing: 14-Oct-2019
