Shares of IRCTC will make their debut on BSE and NSE today

Shares of IRCTC will make their debut on BSE and NSE today. The IPO of IRCTC, which was open for subscription between September 30 and October , was subscribed a massive 112 times. The retail category was subscribed nearly 15 times while qualified institutional buyers (QIBs) segment got subscribed 109 times and non-institutional investors (NIIs) category 355 times. The issue price has been fixed at ₹320 per share. Since retail investors received shares at a discount of ₹10 per share, for them the issue price is ₹310 per share.

The issue comprises an offer-for-sale of 2.01 crore shares of face value of ₹ 10 each. Many analysts had recommended subscribe to the IRCTC IPO and also pointed out to potential listing gains.

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