IRCTC IPO Listing: BIG GAIN of over 100% returns! MASSIVE Diwali gift for investors - Check current share price

IRCTC IPO listing GAINS 100%! IRCTC IPO listing today has delivered more than 100 per cent returns to the stock market investors. The Indian Railways Mini Ratna company IPO got settled at whooping Rs 626 per shares and zoomed at Rs 697 within few minutes. The Stock Market experts were expecting 50-75 per cent returns while the IPO has delivered more than 100 per cent.

Speaking on the IRCTC IPO listing and its returns, Prakash Pandey, MD & CEO at Plutus Advisors said, "This rise in the IRCTC share price is because of the buying by both DIIs and FIIs. DIIs who failed to get the IRCTC IPO allotted are doing the fresh buying today at the Dalal Street while the FIIs, who were barred from buying the IRCTC IPO are buying the Indian Railways Mini Ratna company's shares from the open market after its listing at the Dalal Street."

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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.

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