Many analysts had recommended subscribe to IRCTC issue
IRCTC IPO was subscribed 112 times
Shares of IRCTC more than doubled on their listing debut on BSE and NSE. They rose as much as 132% to ₹743, as compared to issue price of ₹320, before ending at ₹728, up 127%. The IPO of IRCTC, which was open for subscription between September 30 and October, was subscribed a massive 112 times. The retail category was subscribed nearly 15 times while qualified institutional buyers (QIBs) segment got subscribed 109 times and non-institutional investors (NIIs) category 355 times.