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