IRCTC Share Price Raises Three Times Over Issue Price

IRCTC Share Price Raises Three Times Over Issue Price

IRCTC Share Price Raises Over 6%

On 11th November, the IRCTC share price raised over 6% to Rs 933 which is at day’s high on the Bombay Stock Exchange. As of the data, the shares of IRCTC listed on 14th October. On the first day of the debut, the shares listed premium over the issue price.

The issue price of this IPO is Rs 320.  IRCTC shares got listed Rs 644 on BSE and Rs 626 on NSE. According to the reports, up to 32,13,812 shares traded on Monday. Previously On 24th October, IRCTC shares had traded at Rs 953.

Tejas Express is a part of IRCTC. It posted a profit of Rs 70 lakhs till October 2019. It received revenue of nearly Rs 3.70 crore. The firm earned this profit via ticketing, said by a source. Moreover, it is a part of IRCTC bids to develop 50 railway stations of world-class standards. It aims to allow private passenger trains to run 150 trains on its network. 

At the same time, the government plans to dilute 25 percent of stake in RailTel via a public offering. RailTel IPO will hit the market in 2020. On the other hand, the DIPAM looking for an experienced ad agency.

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