IRCTC offer-for-sale: Issue subscribed nearly 2 times on first day

IRCTC offer-for-sale: Issue subscribed nearly 2 times on first day

The offer-for-sale for the Indian Railway Catering and Tourism Corp (IRCTC) got a good response from non-retail investors as the issue was subscribed nearly two times on day one. Retail investors will get chance to bid for IRCTC offer-for-sale (OFS) on Friday, the last day for the issue, department of investment and public asset management … Read more

Bharat Dynamics OFS gets off to smooth start, institutional buyers oversubscribe

Bharat Dynamics OFS gets off to smooth start, institutional buyers oversubscribe

NEW DELHI: The over Rs 900-crore Offer for Sale (OFS) of government shares in defence firm Bharat Dynamics got off to a smooth start with the portion reserved for institutional investors oversubscribed 1.40 times. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price of Rs 330 apiece. … Read more