IRCTC offered 2 crore shares but investors bid for over 200 crore shares
The government will hold a 87.4% stake in IRCTC after the IPO
The overwhelming response comes amid slowing growth in Asia's third-largest economy
BENGALURU : State-run Indian Railway Catering and Tourism Corp's (IRCTC) initial public offering (IPO) to raise 6.45 billion rupees ($90.89 million) was subscribed nearly 112 times by the end of the book-running process, stock exchange data showed.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started