InvestorQ : How was the response to the IRCTC issue been at the end of day 1?
ishika Banerjee made post

How was the response to the IRCTC issue been at the end of day 1?

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5 months ago
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On 10 December, the IRCTC subscription for non-retail investors was conducted. The company has intimated the exchanges that government will exercise oversubscription option of 80 lakh shares. The issue to non-retail got oversubscribed 1.98 times on Day-1. The Day-2 will be for the retail investors, which is the 11 December.

The government will overall sell up to 20% stake in IRCTC through via the OFS route at a price of Rs.1367. Of this 15% will be the base sale and 5% will be the green shoe option. In all, 3.20 crore shares will be sold for the government at Rs.1367 raising Rs.4374 crore in the process and boosting divestment revenues. This will be the second divestment in IRCTC.
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