IRCTC Makes Blockbuster Debut, Jumps Over 100% in Morning Trade
IRCTC will make its stock market debut on Monday, 14 October.
IRCTC will make its stock market debut on Monday, 14 October.(Photo altered by The Quint)

IRCTC Makes Blockbuster Debut, Jumps Over 100% in Morning Trade

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed over 101 percent in debut trade on Monday, 14 October against its issue price of Rs 320.

It listed at Rs 644, reflecting a huge jump of 101.25 per cent as compared to the issue price on the BSE.

On the NSE, it skyrocketed 95.62 per cent to Rs 626 in opening trade. The company’s market valuation stood at Rs 10,972 crore in morning trade.

The initial public offering of IRCTC was a huge hit among investors, subscribed 111.91 times earlier this month.

The Rs 645-crore IPO was in a price range of Rs 315-320 per share.

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

Also Read : IRCTC Cancels Karwa Chauth Special Train, Only Two Couples Sign Up

(The Quint is now available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

Follow our Business section for more stories.

    Loading...