IRCTC IPO Allotment Status: The Indian Railway Catering and Tourism Corporation is expected to release the IRCTC IPO share allotment status on Thursday, i.e., October 10. Investors are requested to keep a tab on the IPO Allotment Status website, i.e., ipo.alankit.com for any updates.
You will require your PAN or application number to login. The share allotment and any refund processing will be taken care of by the registrar of the IRCTC IPO, Alankit Assignments. The IRCTC IPO has closed the subscription portal on October 3, this year after the offer invited bumper subscribers of nearly 112 times, stated a report.
Authorised by the Indian Railways, the IRCTC provides catering, tourism and ticketing operation services to the railways. Every day, the IRCTC receives between 5,50,000 and 6,00,000 bookings, stated a report. The tagline of IRCTC is ‘Lifeline of the Nation.’ As of 2016, it earned a revenue of Rs 1,506 crore. The headquarters of the IRCTC is located in New Delhi and currently, it has over 30 million (three-crore) registered members.
What is an IPO?
IPO is an initial public offering, also known as a stock market launch. It is a type of public offering wherein the company’s shares are sold to institutional investors.