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Bumper Return For Investors: IRCTC Stock Price Crosses Rs 1,000; Up 220 Per Cent From IPO Offer Price
12.5 per cent of IRCTC was offered on sale by the government.
The IRCTC shares are giving a bumper return for investors after the stock today crossed Rs 1,000 mark to close at Rs 1,007 per share. This means that the share price is now almost 220 per cent higher from the its IPO offer price of Rs 315-Rs 320.
This has resulted in a windfall for the investors who were lucky enough to be allotted the IPO share. The stock was oversubscribed 110 times prior to its listing.
The investors who sadly were not allotted the IRCTC IPO shares, and invested in it as soon as it hit open market, too have made remarkable gains.
The stock opened at a premium of over 100 per cent at Rs 645 per share and those who brought the shares then, have made gains of almost 56 per cent.
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