Business Standard

Monday, January 06, 2025 | 06:26 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

IRCTC makes grand debut, doubles over issue price; should you book profit?

The state-owned company raised Rs 645 crore through its initial public offer (IPO).

IRCTC LISTING
Premium

Deepak KorgaonkarSwati Verma Mumbai / New Delhi
Shares of Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing, tourism and the catering arm of railways, made a stellar debut on the bourses by listing at Rs 644, a 101 per cent premium over its issue price of Rs 320 per share on the BSE. Since retail investors received shares at a discount of Rs 10 per share, for them the issue price stood at Rs 310 per share.

At close, the stock price stood at Rs 728.60 apiece on the BSE, up around 128 per cent. 

ALSO READ: IRCTC may not give fillip to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in