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IRCTC lists with 101.25% premium on the BSE

Indian Railway Catering and Tourism Corporation (IRCTC) has debuted at Rs 644.00 on the BSE, up by by 324 points or 101.25% from its issue price of Rs 320.

The scrip is currently trading at Rs 685.20, up by 365.20 points or 114.12% from its issue price. It has touched a high and low of Rs 690.00 and Rs 625.00 respectively. So far 2172027 shares were traded on the counter.

The offering, which was open for subscription between September 30, 2019 and October 3, 2019, was subscribed 112 times. The issue price was fixed at Rs 320 per share i.e. at upper end of price band of Rs 315-320 apiece.

IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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