IRCTC IPO fully subscribed; sees strong demand from retail investors

The issue was subscribed about 81 per cent on the opening day of bidding on Monday. The price range for the initial public offering (IPO) has been fixed at Rs 315-320 per share.

The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) was fully subscribed in the morning deals on Tuesday, the second day of the bidding process. Till 10:45 am, the issue was subscribed 1.1 times. 

The total bids received stood at 22.5 million equity shares while the total issue size stands at 20.2 shares. The retail investors' portion was subscribed a total of 3.23 times while NII (Non Institutional Investors) quota saw a subscription of 0.42 times, data available with BSE and NSE showed. 

The issue was subscribed about 81 per cent on the opening day of