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The CEO Magazine
A monthly magazine for business leaders and decision makers
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railways

IRCTC IPO breaks all record – Subscribed 112 times

IRCTC IPO breaks all record - Subscribed 112 times On Thursday 3rd October, initial public offering (IPO) of Indian Railway Catering and Tour Corp. (IRCTC) was closed and has recorded to have the highest-ever subscribers for a public issue of a company which is owned by government. NSE data shows that the IPO which was aimed to raise Rs. 645 Cr. was subscribed 112 times and received a bid of over Rs. 225 Cr. shares when compared to the total size which was Rs. 2.02 Cr. for Rs. 315 to Rs. 320. According to the Prime…
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