A delay of more than three hours in the running of Delhi-Lucknow Tejas Express on October 19 has cost IRCTC around Rs 1.62 lakh which the railway subsidiary will pay through its insurance companies as compensation to around 950 passengers, a first in the history of Indian Railways, officials said on Monday.
IRCTC shares, which made a bumper debut on Monday, hit a new high today. Shares of the Railway company surged as much as 9% to a new high of ₹789.9. In latest trade, IRCTC shares were up 6% to ₹767 as compared to a 0.45% gain in Sensex. On Monday, IRCTC's share prices more than doubled as compared to its issue price of ₹320, the best debut since 2017.
Shares of state-owned mini ratna Indian Railway Catering and Tourism Corporation (IRCTC) made a stellar debut on Monday with listing gains of 128%. The stock ended the day at `728, which is more than double its issue price of `320. At closing, the newly-listed company’s market capitalisation stood at `11,658 crore, which makes it more valuable than other leading listed financial companies. This is the best listing in two calendar years, even as five other companies have clocked listing gains over 100%, including Avenue Supermarts, which had jumped 114% on the listing day.
IRCTC Ltd’s stock made its stock market debut with a bang today, with the best stock market listing by any stock in the last two years. IRCTC stock opened at Rs 644 for trading on Monday on BSE, more than double the IPO price of Rs 320 per share, and immediately started surging, indicating the appetite of investors hungry for buying stakes in quality PSUs.
Now, all eyes are on allotment of shares for those who had subscribed to IRCTC IPO. The IPO of IRCTC, which closed for subscription on October 3, attracted bumper demand and the issue was subscribed nearly 112 times. The allotment process is likely to be completed by today evening or tomorrow.
Analysts are upbeat on the Rs 645-crore initial public offer of the state-owned Indian Railway Catering and Tourism Corporation (IRCTC), which opens for subscription today, on account of the company's growth potential and attractive offer price.
The Initial Public Offering (IPO) of the state-run Indian Railway Catering and Tourism Corporation (IRCTC) will open for subscription on September 30 with a price band of Rs 315-320 per share. A total of 1.6 lakh equity shares have been reserved for the employees, a company statement said, adding that all the proceeds from the sale will go to the selling shareholder.
The much awaited railway PSU Indian Railway Catering and Tourism Corporation (IRCTC) IPO for Rs 645 crore will hit the stock market on September 30. IRCTC IPO will remain open for subscription between September 30th and October 3rd. The government looks to raise to raise up to Rs 645.12 crore at the higher end of the price band. The railway PSU has set a price band of Rs 315-320 for its intended share sale.
The Indian Railway Catering and Tourism Corporation (IRCTC) is starting a special "Bharat Darshan" tourist package from September 27. It will cover all the places related to Mahatma Gandhi, said IRCTC in a press release. The "Bharat Darshan" tourist package includes a trip to the world's tallest statue — Statue of Unity of Sardar Vallabhbhai Patel in Gujarat's Vadodara.
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