The initial public offer (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC), which closed for subscription on Thursday, has created a record in terms of the highest-ever subscription for a public issue of a government-owned company.
As per NSE data, the public issue, that aims to raise ₹645 crore, was subscribed nearly 112 times with bids received for 225.61 crore shares against 2.02 crore shares on offer in the price band of ₹315 to ₹320.
As per data from Prime Database, this is the first time ever that an IPO of a public sector undertaking (PSU) has been subscribed more than 100 times. In 2017, the public issue of Housing & Urban Development Corporation (HUDCO) was subscribed nearly 79 times. In the same year, Cochin Shipyard public issue was subscribed 75.59 times.
IRCTC IPO, subscribed 112 times, is the most successful in 20 months
At 111 times, IRCTC most subscribed among PSU IPOs ever
IRCTC offer subscribed 112 times, highest among PSU IPOs
IRCTC IPO subscribed record 112 times
IRCTC IPO oversubscribed by 111 times on last day of bidding
IRCTC IPO subscribed 78 times on final day of bidding
IRCTC IPO a huge hit; subscribed 112 times on final day of bidding
RCTC IPO की रही बंपर डिमांड, आखिरी दिन मिला 112 गुना अधिक अभिदान
आईआरसीटीसी के आईपीओ को मिलीं 112 गुना बोलियां
निवेशकों के बीच हिट रहा IRCTC का IPO, इन्वेस्ट करने के लिए बचे हैं बस कुछ मिनट
