The Rs 4,633-crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) has been subscribed 3.49 times on the final day of the three-day bidding process.
Regarding this, how much is the Irctc IPO subscription?
NEW DELHI: The Rs 645-crore initial public offer (IPO) by state-run IRCTC was overall subscribed 111.92 times on the last day of the issue on Thursday. The issue of 2,01,60,000 shares received bids for 2,25,63,63,400 shares.
Furthermore, should I subscribe to Irctc IPO? According to the brokerage, IRCTC has a unique business model and the company does not have any competition across any business segment. The brokerage has a positive outlook for the company and we recommend investors to 'subscribe' to this issue.
In this regard, what was the lot size of Irctc IPO?
The lot size or minimum order quantity is 40. So at the effective price band of ₹305-310 per share for retail investors, they have to shell out ₹12,200-12,400 per one lot. 35% of the IRCTC IPO has been allocated for the retail portion. Retail investors are allowed to bid up to ₹2 lakh shares.
Will Irctc share price go up?
Bagadia said that one can expect IRCTC share price to go up when the COPVID-19 impact eases and the Indian Railways operations reaches to its pre-COVID stage. In that case, the IRCTC shares can break its upper range of Rs 1500 and go further 10-12 per cent up.
Related Question Answers
Is IPO first come first serve?
IPO allotment doesn't happen on the basis of who applied first or the first come, first serve basis. If the IPO has not received good response from the investors and it is under subscribed then you may get allotted as many lots you have applied for.Can I buy Irctc IPO today?
(iii) Currently, IRCTC operates in four business segments, namely, internet ticketing, catering, packaged drinking water under the “Rail Neer” brand, and travel and tourism.IRCTC IPO Details:
| Open Date: | Sep 30 2019 |
|---|---|
| Lot Size: | 40 Shares |
| Issue Price: | ₹ 315-320 Per Equity Share |
| Retail Discount: | 10 |
| Listing At: | NSE,BSE |
How can I invest in Irctc IPO?
- Log in to your AxisDirect account.
- Under Trading tab, click on IPO/OFS section.
- Click on “Current IPO/FD/OFS” tab.
- Select 'IRCTC' & “apply” Investment Options. Equity. Derivatives. Mutual funds. Commodities. IPO. Demat Account. Equity smallcase. Options Trading. Platforms. Web trading. Markets. Overview. Commodity derivatives.
How do I purchase an IPO?
If you want to purchase stock at the IPO or afterward, register with a stockbroker and wire funds to your brokerage account. When the IPO occurs, call your broker or go online, enter the stock symbol of the company and purchase the amount of shares you want.What is IPO cutoff price?
In an initial public offer (IPO), a cut-off price is the offer price, finalised by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. It is different from a floor price, which is the minimum price at which bids can be made.What happens if an IPO is oversubscribed?
According to SEBI guidelines, if an IPO is oversubscribed in the retail category, the shares are to be allotted in a manner that ensures that every retail bidder gets at least one minimum lot. The remaining shares, if any, are then allotted on pro rata basis.What is IPO subscription?
IPO Subscription is the number of times a public issue subscribed at BSE and NSE. Company going public receives bids from investors for shares offered through IPO. In most cases, the IPO receives the bid for more than the number of shares on offer. This means the IPO is over-subscribed.Is Irctc a good buy?
IRCTC share has been trading in the range of Rs 1500 to Rs 1300 apiece for five months. IRCTC share: Analysts are positive on the prospects of the share as it trades 29% below its record high of Rs 1,995 reached on February 25 this year. Since then, IRCTC share has been trading in the range of Rs 1500 to Rs 1300 apieceCan we invest in Irctc?
Speaking on the IRCTC share price investment strategy, Saurabh Jain, AVP — Research at SMC said, "IRCTC share price has strong support at Rs 1,050 per stock levels and investors should start accumulating IRCTC shares from current levels by investing 50 per cent of their surplus money at current levels and keep onWill Irctc give dividend?
Indian Railway Catering & Tourism Corporation Ltd. has declared 2 dividends since Feb. 24, 2020. In the past 12 months, Indian Railway Catering & Tourism Corporation Ltd. has declared an equity dividend amounting to Rs 12.50 per share.When Irctc shares will be allotted?
The share allotment of IRCTC IPO is likely to be on 10th October (tentative), according to brokerages. IRCTC shares will get listed on both BSE and NSE and the tentative listing date is 14th October.How do I sell an IPO stock?
Steps to sell IPO shares in pre-open market on the day of listing:- Call broker or go online and place the sell order with the price at which you would like to sell.
- If listing price is equal or higher than the price you order to sell in pre-open; your shares are sold at the listing price.
Is Irctc IPO alloted?
The registrar of the IRCTC IPO, Alankit Assignments, handled share allotment and will also process the refunds. After the IPO, the government's stake in IRCTC will come down to 87.4%. IRCTC shares are likely to get listed on both BSE and NSE on 14th October.Is Irctc allotment done?
IRCTC IPO allotment status: The Indian Railways Mini Ratna company is going for listing on October 14th and those who have shown interest in buying the IRCTC IPO, allotment process has begun on 9th October and is ending today i.e. 10th October 2019.Should I hold Irctc?
The subsidiary of Indian Railways made its stock market debut with 101.25% listing gains on BSE. IRCTC share listed at Rs 644 compared to its issue price of Rs 320. On the other hand, any investor who is a long-term player should definitely hold this stock.What is the best stock to buy today?
| Best Value Stocks | ||
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Which share is best to buy?
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