IRCTC IPO: 50-75% returns on listing day likely! Check top tips by Anil Singhvi to maximise the benefit
IRCTC IPO: The Indian Railways Miniratna company Indian Railways Catering and Tourism Corporation or IRCTC is going to launch its IPO.
IRCTC IPO: The Indian Railways Miniratna company Indian Railways Catering and Tourism Corporation or IRCTC is going to launch its IPO. The stock market experts are taking IRCTC IPO as bumper Diwali 2019 gift for share market investors. Zee Business Managing Editor Anil Singhvi has suggested that market investors take it as a big opportunity to do some investment as it is Indian Railways best offer for the stock market traders and investors. He has given some tips to invest in IRCTC IPO.
According to the Zee Business Managing Editor Anil Singhvi, IRCTC IPO is beneficial for both short-term and long-term stock market investors. Singhvi is of the opinion that if an investor takes a long-term position in IRCTC IPO, then he or she should remain invested in the IRCTC shares for at least 4-5 years. He is of the opinion that the IRCTC IPO would giver around 50-75 per cent returns on the listing day itself.
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The IRCTC IPO has a higher price band cap at Rs 320 and retail investors will bet Rs 10 discount means a retail investor can get it at Rs 310, which is cheapest among the majority of the profit-making stocks at the Dalal Street.
Since the IRCTC IPO is expected to get oversubscribed and there are no extra benefits for the stock market investors, who invest in multiple numbers of lots, Anil Singhvi has advised share market investors to invest in a single lot of IRCTC IPO. He has also advised investors to invest in IRCTC IPO as soon as they can and don't wait for the last minute.
Once listed, the stock market experts, including Anil Singhvi, said that IRCTC share price would show smart upside moves.
If you are buying the IRCTC IPO online, then you would be able to pitch one application through one bank account. The market experts have also advised investors to avoid physical application because you have to stand in a queue in the banks where you have your bank account. Earlier, one could have done the physical application job by placing one's IPO application at the broker's office and the rest of the job was executed by the broker. Now, in IRCTC IPO, the broker's role has been negated. So, the investor will have to submit one's IRCTC IPO application at only those banks where they have their bank account. So, to avoid heavy rush, IRCTC IPO applicants should ideally choose the online option.
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