Apply for IRCTC OFS today!

Apply for IRCTC OFS today!

Dear All,

We would like to announce the launch of the Indian Railway Catering and Tourism Corporation Limited (IRCTC) OFS for today.

The share price of IRCTC fell 10.2% to ₹1,452.75 per share yesterday.

The government is planning to sell a 20% stake (up to ₹3.2 crore shares) in IRCTC through the OFS route. The floor price is set at ₹1,367.

The government had announced in an exchange filing that it proposes to sell up ₹2.4 crore shares, representing 15% stake, on December 10; and on December 11, ₹80 lakh additional shares (representing 5% capital) will be sold.

Retail investors can participate in the OFS today.

What is an offer for sale (OFS)?
An Offer for Sale is a method by which promoters of companies sell their shares and reduce their holdings.

How to apply:-

Enter the quantity and the bid amount (should be between ₹1,367 and ₹1,640) for your bid.
Press Place Order
The required margin will be blocked from your available margin. Hence, please ensure you have sufficient margin available.
NOTE: Once the bid is placed it cannot be modified, please ensure the details are correct before submitting.

Happy Investing!
Best wishes,
Team 5paisa