New Delhi, December 15
The sale of government’s up to 5% stake in IRCTC got oversubscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5% stake in Indian Railway Catering and Tourism Corporation (IRCTC) at a floor price of Rs 680 a share.
The OFS consists of base issue size of 2 crore shares or 2.5% stake, with an option to retain over-subscription of similar amount. As much as 10% of the issue is reserved for retail investors, for whom bidding would open on Friday.
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
