Indian Railway Catering & Tourism Corporation ltd Rs 315 to Rs 320 From to
About Company Indian Railway Catering & Tourism Corporation ltd permalink
Indian Railway Catering & Tourism Corporation ltd was established in 1999 . Currently, it is having head office in New Delhi. IRCTC works in the sector of Public Sector . IRCTC has experience of 20 Years .
The fact the business and revenues are substantially dependent on Indian Railways. Also, withdrawal of exclusivity of the company for catering, online railway ticket and packaged drinking water at railway stations and trains in India It has an experience of more than 20 years. It is dividend paying company.
Revenue of Rs 1,956.66 crore in FY 2018-19. Financial year 2019 and profit increased by 23.5% to ₹272 crore. The President of India is the promoter of this company.
IRCTC IPO issue open date is 30th September 2019 and close date is 3rd October 2019 . The face value for Indian Railway Catering & Tourism Corporation ltd IPO is Rs 10 per equity share. The total IPO size is approx Rs 645 crore.
The price band for IRCTC is Rs 315 to Rs 320. The lot size for IRCTC IPO is a minimum of 40 shares to maximum 600 shares. This IPO will be listed on BSE and NSE. IRCTC IPO total equity is 20160000 shares.
IRCTC IPO Market Lot and Investment Amount permalink
To invest in Indian Railway Catering & Tourism Corporation ltd's initial public offering starting from 30th September 2019 you need to invest minimum Rs 12600, however you can also invest up to Rs 192000, considering the upper price of IPO Rs 320 and maximum allottable shares (600 shares). To apply for the maximum number of share you need to bid for 15 lots, one lot is having 40 shares.
IRCTC IPO was oversubscribed 111.95 times. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 10000000 shares and received bids for 1087887320 shares which is 108.7887 times of total meant for QIB category.
Indian Railway Catering & Tourism Corporation ltd's IPO was subscribed 81% on the first day. Mutual funds bid for 162710838 shares in Indian Railway Catering & Tourism Corporation ltd's initial public offering.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 3000000 and bid for 1063568360 shares received . Bid from NII for Indian Railway Catering & Tourism Corporation ltd's IPO is 354.5228 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 7000000 and bid for 104576320 shares received . Bid from RII for IRCTC's IPO is 14.9395 times of total meant for RII category.
The total number of shares offered were 20160000 and bid for 2256962560 shares received .