IRCTC IPO allotment status: This is how you can find out if you got lucky and have shares

IRCTC IPO allotment status: The Indian Railways Mini Ratna company is going for listing on October 14th and those who have shown interest in buying the IRCTC IPO, allotment process has begun on 9th October and is ending today i.e. 10th October 2019. The Indian Railways Catering and Tourism Corporation or IRCTC has received huge response from the stock market investors as the IRCTC IPO was subscribed to 112 times of the offer. Bidders who are lucky to get the IRCTC IPO will get an email as well as a mobile alert on their respective registered Email ID and mobile number.

Since the IRCTC IPO allotment is ending today, all eyes are set on the allotment of shares to the IPO subscribers. If we go by the stock market experts, the IRCTC IPO listing will take around Rs 500 means if someone gets the IRCTC IPO allotted, he or she would be able to book around 50-75 per cent profit on the listing date itself. As mentioned earlier those bidders who will get the IRCTC IPO allotted, they will receive an email and mobile alert on their respective registered Email ID and mobile number.

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Apart from this, the registrar of the IRCTC IPO, Alankit Assignments, will take care of share allotment and refund processing for the investors. So to check the allotment status, the IRCTC IPO bidders need to go through the official portal of the alankit assignments ie. ipo.alankit.com. Here is step by step guide to check the IRCTC IPO allotment status:

1] Log in to ipo.alankit.com;

2] Select the IRCTC option from drop-down list;

3] Enter your IRCTC IPO application number;

4] Enter the mentioned captcha number and click at the submit button; and

5] All IRCTC IPO allotment details will open on your computer monitor.

Stock market experts are highly bullish about the IRCTC IPO and IRCTC shares once it gets listed on October 14th. Speaking on the IRCTC IPO listing Sumeet Bagadia, Executive Director at Choice Broking said, "The IRCTC IPO is a good investment option and one can book around 50 per cent profits on the IRCTC IPO listing day itself." He said that the IRCTC IPO will open at around Rs 500 on a listing day and its future outlook would become clear after witnessing how does the IRCTC share perform at Dalal Street in the next one to two quarters.

The IRCTC IPO had a higher price band cap at Rs 320 and retail investors were given Rs 10 discount means a retail investor got the IRCTC IPO at Rs 310, which is the cheapest among the majority of the profit-making stocks at the Dalal Street. the IRCTC IPO allotment has begun today and will continue till tomorrow end of the day.