Is IRCTC OFS is good?
Table of Contents
Is IRCTC OFS is good?
“IRCTC is a perfect play on the unlocking theme with gradual relaxations in travel restrictions,” said Jinesh Joshi, analyst, Prabhudas Lilladher. “Valuations look challenging, but will sustain given the monopolistic nature of the business, clear growth traction, strong return ratios and healthy balance sheet.”
Is IRCTC a good stock to invest?
The brokerage has assigned Reduce rating on IRCTC with target price of ₹800. IRCTC enjoys a strong monopoly as it is the only entity authorised to manage catering services on trains and major static units at railway stations.
What is OFS IRCTC?
The two-day IRCTC OFS had began on Thursday, with the first day reserved for non-retail investors and the second day for retail investors. The government is expected to garner ₹4,374 crore from the Offer for Sale (OFS) of the Indian Railway Catering and Tourism Corp (IRCTC) which closed on Friday.
Is IRCTC OFS completed?
The IRCTC OFS has been successfully concluded. As many as 3.20 cr equity shares of the Company (20\% of the total outstanding equity shares have been sold – 15\% as base offer & 5\% as green shoe offer) for a total consideration of Rs 4374 cr (at floor price of Rs 1367.00).
Who is promoter of IRCTC?
presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.
| Shareholding Pattern – Indian Railway Catering & Tourism Corporation Ltd. | ||
|---|---|---|
| Holder’s Name | No of Shares | \% Share Holding |
| NoOfShares | 800000000 | 100\% |
| Promoters | 539172170 | 67.4\% |
| ForeignInstitutions | 45514586 | 5.69\% |
Will IRCTC split stock?
The board of IRCTC had approved a stock split on August 12. Basically, this means that each stock will be split into 5 shares.
What OFS stands for?
Offer for sale
Definition: Offer for sale (OFS) is a simpler method of share sale through the exchange platform for listed companies.