What is the price band of the Indian Railway Catering and Tourism Corporation IPO?

The price band is ₹315–320 per share, and the final issue price is ₹320.

What is the lot size of the Indian Railway Catering and Tourism Corporation IPO?

One lot is 40 shares, so the minimum retail bid is ₹12,800 at the upper end of the price band.

Indian Railway Catering and Tourism Corporation IPO

Q: When is the Indian Railway Catering and Tourism Corporation IPO listing date?

The shares listed on 14 October 2019.

Q: How many times was the Indian Railway Catering and Tourism Corporation IPO subscribed?

It was subscribed 112x overall: QIB 109x, NII 355x and retail 14.9x (NSE and BSE together).

Indian Railway Catering and Tourism Corporation Limited (IRCTC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 October 2019.

Listed 14 Oct Subscribed 112x Listing gain +95.6%

Issue details

Price band

₹315–320

Issue price

₹320

Lot size

40 shares

Min. retail bid

₹12,800

Max. retail bid

15 lots (₹1,92,000)

Issue size

₹1,125 Cr

Face value

₹10

Bidding

30 Sep – 03 Oct 2019

Listing

14 Oct 2019

Retail quota

35%

Registrar

Alankit Assignments Limited

Discount

Rs.10/- per Equity Share for Retail and Eligible Employees category

Listing day

Listed at

₹626

+95.6% vs issue price ₹320

Day's high

₹744

+132.4% · low ₹625 (+95.3%)

Day's close

₹728

+127.4% · traded ₹3,137 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	1,00,00,000	1,08,78,87,320	109x
NII (HNI) total	30,00,000	1,06,35,68,360	355x
Retail	70,00,000	10,45,76,320	14.9x
Employees	1,60,000	9,30,560	5.82x
Total	2,01,60,000	2,25,69,62,560	112x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Indian Railway Catering and Tourism Corporation's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Dixon Technologies (India)Sep 2017	135x	346x	10.6x	118x	₹600 Cr	+54.3%	+71.2%
MAS Financial ServicesOct 2017	148x	379x	16.0x	128x	₹464 Cr	+43.8%	+48.5%
Advanced Enzyme TechnologiesJul 2016	94.0x	393x	11.7x	116x	₹413 Cr	+35.0%	+38.8%
Avenue SupermartsMar 2017	145x	278x	7.51x	105x	₹1,895 Cr	+100.7%	+117.0%
Godrej AgrovetOct 2017	151x	236x	7.67x	95.4x	₹1,180 Cr	+33.8%	+37.0%
Amber Enterprises IndiaJan 2018	175x	519x	11.7x	165x	₹603 Cr	+36.8%	+47.7%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
YES Securities (India)	6	+28.6%	83%
SBI Capital Markets	56	+16.7%	61%
IDBI Capital Markets & Securities	7	+19.1%	43%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip)

Frequently asked

What is the Indian Railway Catering and Tourism Corporation IPO price band and lot size? ₹315–320 per share, with a lot of 40 shares, so the smallest retail bid is ₹12,800.

How many times has it been subscribed? 112x overall: QIB 109x, NII 355x, retail 14.9x, employees 5.82x.

How did it list? It opened at ₹626, +95.6% against the issue price of ₹320, and closed its first day +127.4%.

Other IPOs of 2019

Prince Pipes and Fittings Ujjivan Small Finance Bank CSB Bank Vishwaraj Sugar Industries Sterling & Wilson Solar Affle India IndiaMART InterMESH Neogen Chemicals All 2019 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.