IRCTC Initial Public Offer To Open Today. Should You Subscribe?
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Faced with a crisis of falling tax revenues, India’s Narendra Modi government is trying to bridge the shortfall through disinvestments.

As part of the move, the Indian Railway Catering and Tourism Corporation (IRCTC) will hit the equity market with a three-day initial public offering (IPO) starting today (Sept. 30). The government hopes to rake in nearly Rs638 crore ($9.04 million) by selling 10 million shares (amounting to a 12.6% stake), each priced at between Rs315 and Rs320, according to the draft red herring prospectus (DRHP) (pdf).

IRCTC’s market debut will test investors’ faith in Modi government’s handling of the economy

IRCTC IPO Opens for Subscription Today: Brokerages Give a Big Thumbs-up

IRCTC Initial Public Offer To Open Today. Should You Subscribe?

 



IRCTC IPO to open today: All you need to know

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