IRCTC IPO: EXPLOSIVE LISTING! Didn't get shares? Don't worry - Do this, and you can become rich and book BIG PROFIT from stock price
This was a big opportunity for those who got lucky and had shares of IRCTC but what about those who didn't get the shares?
IRCTC IPO Listing: Even before the markets opened on Monday morning, everyone was so curious about just one stock - IRCTC. Stock market experts had predicted that IRCTC will give huge returns but surpassing all the expectations IRCTC shares made a super solid debut and swelled by over 101% in its maiden trade on Monday against the issue price of Rs 320.
So, this was a big opportunity for those who got lucky and had shares of IRCTC, but what about those who didn't get the shares? Don't worry, even if you don't have the IRCTC shares you can buy even now to make money and become rich. According to Zee Business Managing Editor Anil Singhvi, IRCTC shares can be bought for only Rs 450-Rs 500 range after listing to make money in future.
The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) had received overwhelming support from investors as it got subscribed 111.91 times on the final day of bidding on Thursday and is expected to have raise Rs 645 crore.
The initial public offering (IPO) is in a price range of Rs 315-320 per share.
The issue comprises an offer-for-sale of 2.01 crore shares of face value of Rs 10 each.
Out of the total issue size, 1,60,000 equity shares are reserved for eligible employees.
— Zee Business (@ZeeBusiness) October 14, 2019
The offer is being managed by YES Securities (India), SBI Capital Markets and IDBI Capital Markets & Securities.
Indubitably, those who were allotted shares would be laughing all the the way to the bank today, if they sold their shares at a high, and those who applied and did not get any allotment would be ruing their fate. However, there is definitely another pot of gold at the end of the IRCTC rainbow, going by what market experts are saying.
Those who are looking positively at IRCTC shares should do their homework and then only apply.