The government is expected to garner Rs 4,374 crore from the Offer for Sale (OFS) of the Indian Railway Catering and Tourism Corp (IRCTC) which closed on Friday. The promoter had proposed to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 80,00,000 … Read more
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
The government will sell upto 20% stake in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale on Thursday to raise Rs 4,374 crore. The OFS price was set at Rs 1,367 per share, a 15.5% discount to Wednesday’s closing price of Rs 1,618. Through the OFS, the government has proposed to … Read more
NEW DELHI: Mazagon Dock Shipbuilders’ 49 per cent listing gains disappointed many investors, who had been expecting it to make a debut with at least 80 per cent gain. The listing pop was nowhere near IRCTC’s 101 per cent seen during its October 2019 listing nor PowerGrid’s 63 per cent during its 2007 listing. It, … Read more