The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed 3.25 times on the second day of bidding on Tuesday. IRCTC’s public offer to raise about Rs 645 crore received bids for 6.55 crore shares against the total issue size of two crore shares, according to exchanges’ data.
The category meant for qualified institutional buyers (QIBs) was subscribed 1.65 times, non institutional investors 1.73 times and retail individual investors 6.21 times.
The public offering of IRCTC was subscribed about 81 per cent on the opening day of bidding on Monday.