These Are The Biggest IPOs Of 2019
The initial public offer (IPO) of IRCTC or Indian Railway Catering and Tourism Corporation - the ticketing arm of the Indian Railways - received a strong investor interest in 2019, with a subscription of 111 times the issue size. The primary market had an upbeat 2019 thanks to the bouyancy in secondary markets. Conventional themes such as railways and financials, as well as emerging stories such as fintech caught the fancy of both institutional and retail investors.
Here's a look at some of the biggest IPOs of the year:
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IRCTC, a government monopoly in the railway ticketing and catering business, tapped the IPO market from September 30 to October 12 with an Rs 645.12 crore issue in the price range of Rs 315-320 per share.
The primary offering was subscribed by 111 times. The shares - allotted at Rs 320 per share - soared to Rs 981 on debut day, marking a premium of 202 per cent over the issue price and are still going strong.
