1.76 lakh small investors acquired IRCTC shares in IPO

Our Bureau Chennai | Updated on November 13, 2019

75% of the IPO investors exited the stock, which had an issue price of Rs 320, on the first day; it closed at Rs 923 on Wednesday, down 1%

Indian Railway Catering and Tourism Corporation has disclosed its pre-listing shareholding pattern (dated October 11). The stock was listed on October 14.

While the promoter holding stands at 87.40 per cent, the public controls 12.60 per cent. The online ticketing, tourism and catering arm of Indian Railways, said that about 1.76 lakh small retail investors bought a 4.81 per cent stake or 85.50 lakh shares, in the IPO.

Foreign portfolio investors hold a 1.33 per cent stake, alternate investment funds: 0.50 per cent, financial institutions: 1.50 per cent and high-net-worth individuals: 0.50 per cent.

Twenty-four mutual funds hold a 1.08 per cent stake in IRCTC.

The stock, which registered a new peak in early deals on Wednesday at ₹981.35 (its issue price was ₹320), closed at ₹923, down about 1 per cent over the previous day's close.

It will be interesting to see the shareholding pattern at the end of December, as many of the IPO investors exited on the listing day itself. Against IRCTC’s IPO size of 2.01 crore shares, the listing day saw a deliverable quantity of 1.54 crore shares on the NSE and the BSE, which is over 75 per cent of the issued shares.

Also read: Post-listing, who are the public shareholders of IRCTC?


Published on November 13, 2019

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