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IRCTC Share Price Discussion

Indian Railway Catering And Tourism Corporation Ltd.
NSE: IRCTC | BSE: 542830 | ISIN: INE335Y01012 | Sector: Miscellaneous

IRCTC has blamed SBI Cap, Yes Securities and IDBI Capital for poor valuation. As per the IRCTC valued at 310 per share and listed around 644 and went 700 in few minutes. IRCTC is not happy with their valuer advisors.
NEW DELHI: Investors may be rejoicing Indian Railway Catering and Tourism Corporation's (IRCTC's) blockbuster listing, but the railways is not happy with the pricing of the public sector e-commerce company's valuation.
The national transporter has lodged a protest about the price at which shares were offered to investors and has sought better due diligence for future transactions, given the long pipeline of public offers of state-run companies.
IRCTC shares, which were offered at Rs 310 to retail investors and its employees, and at Rs 320 to other investors during the book-building process, listed at Rs 644 on the BSE and closed at Rs 729 on Monday, valuing the company at nearly Rs 11,700 crore.
On Wednesday, the stock closed at a shade above Rs 700, with the market cap pegged at Rs 11,210 crore. In terms of over-subscription, the railway PSU offer was the most successful issue by a state-run company.
In contrast, the government raised Rs 645 crore for a 12.6% stake that it sold, which valued the company at over Rs 5,000 crore, raising a question marks over the valuation undertaken by the merchant bankers. IDBI Capital Markets, SBI Capital Markets and Yes Securities managed the issue.
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P
Reputation: -65 • Just now

Type
Buy
Instrument
IRCTC
Entry Price
₹1,379  ₹1,411.45
Price@Trade
₹1,380
Target Price
₹1,450
Stop Price
₹1,360
Valid Till
Jul 17, 2020 3:20 AM
Margin
₹282,290 approx for 200 Qty
Status
Active
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Reputation: -4,062 • Just now
2
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L
Reputation: 2,195 • Yesterday 3:15 AM

Results on July 10

Karnataka Bank, #IRCTC , Lakshmi Vilas Bank #LAKSHVILAS , Future Consumer #FCONSUMER , Steel Authority of India ( #SAIL ) and Gujarat Narmada Valley Fertilisers & Chemicals ( #GNFC ).
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S
Reputation: 3,667 • Yesterday 1:38 AM

🥇𝕾𝖍𝖆𝖗𝖊 𝕸𝖆𝖗𝖐𝖊𝖙 𝕻𝖗𝖊𝖉𝖎𝖈𝖙𝖎𝖔𝖓🥇📉
1️⃣0️⃣ 0️⃣7️⃣ 2️⃣0️⃣2️⃣0️⃣
🏟INTRADAY TRADING 📊
💠 IRCTC
🔺Buy UP 1390 Target 1407 Then 1422,1450
🔻Sell Below 1380 Target 1370 Then 1360,1351
📜Note:-* Market Current Price Up to Down Open Price/Level P...
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S
Reputation: -4,435 • Jul 1 3:30 AM

Type
Buy
Instrument
IRCTC
Entry Price
₹1,365.75
Price@Trade
₹1,365.75
Target Price
₹1,372
Stop Price
₹1,360
Valid Till
Jul 1, 2020 3:20 AM
Margin
₹273,150 approx for 200 Qty
Status
Stoploss Hit
Exit Price
₹1,360
Net P&L
-₹1,150 (-0.42%)
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S
Reputation: -4,435 • Jul 1 3:16 AM

Type
Sell
Instrument
IRCTC
Entry Price
₹1,361
Price@Trade
₹1,361.9
Target Price
₹1,354
Stop Price
₹1,365
Valid Till
Jul 1, 2020 3:20 AM
Margin
₹136,100 approx for 100 Qty
Status
Exited
Exit Price
₹1,368
Net P&L
-₹700 (-0.51%)
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