IRCTC IPO :The Rs 645-crore initial public offering of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed almost 112 times, making it probably the very prosperous share sale in over 20 months.
Directed by demand from associations and rich shareholders, the IPO got forecasts for 225.6 crore shares compared to the total issue size of 2.02 crore stocks, data over the NSE revealed. This makes it the most best subscribed IPO as Apollo Micro Systems which was subscribed 250.7 times and Amber Enterpr. .
The portion reserved for QIBs got subscribed 108.8 times, while HNI portion got subscribed 354.5 times. Retail and employee's portion got subscribing 14.6 times and 5.8 times, respectively. Both retail investors and employees may receive stocks at a 10% reduction to the last offer price.
The organization had set a price band of Rs 315-Rs 320 for the IPO.
IDBI Capital Markets & Securities, SBI Capital Markets and YES Securities (India) would be the book running lead managers to this of. .
IRCTC IPO has got tremendous response from all the sorts of investors, with the difficulty being dispersed significantly more than 111 times. The problem, which divested 12.6percent of GoI's stake in the CPSE is expected to create revenue of Rs 645 crore. It is the 2nd CPSE to be listed this fisc," Department of Public Investment and Public asset-management (Dipam) tweeted on Thursday evening.
"The record should be around Rs 520- Rs 525," said Media.
Brokerages such as IndiaNivesh Securities, ICICIdirect, BP Equities, Angel Broking, Phillip Capital and Anand Rathi. .
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