Now, all eyes are on allotment of shares for those who had subscribed to IRCTC IPO. The registrar of the IRCTC IPO, Alankit Assignments, will take care of share allotment and refund processing. As compared to 2.02 crore shares on offer from IRCTC in the IPO, investors bid for 225 crore shares of IRCTC. In case of an over-subscription of an IPO, allotment happens as per predefined rules. Many brokerages had recommended subscribe to the IRCTC IPO, citing its monopolistic nature of business, attractive valuation, and a good dividend pay-out track record of the company.

Source: Mint October 09, 2019 09:56 UTC