IRCTC IPO investor? Know your allotment status; here is how

IRCTC IPO, which closed for subscription on October 3, has attracted a huge number of investors. The issue was subscribed nearly 112 times. Now, Indian Railways Mini-Ratna company Indian Railways Catering and Tourism Corporation or IRCTC will be listing its shares on October 14th.

The IRCTC IPO allotment process has already begun and will conclude tomorrow. Currently, all eyes are on the allotment of shares. Investors would be eager to find out if they got lucky. They have also been hearing good things about the IRCTC IPO. As per market experts, IRCTC IPO is going to give 50% to even 75% returns on listing day!

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 investors need to go through the official portal of the alankit assignments ie. ipo.alankit.com.

Steps to check the IRCTC IPO status form Alankit Assignments:

1. Click on the link, ipo.alankit.com

2. Select option IRCTC from the drop-down list

3. Enter application number

4. Enter the captcha and click on submit

5. All the details will display on the screen

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.

IRCTC shares are likely to get listed on both BSE and NSE on 14th October. After this IPO, the government's stake in IRCTC will come down to 87.4%. Notably, the Indian Railways has come out with three IPOs of its subsidiaries namely Rail Vikas Nigam Limited (RVNL), (Rail India Technical and Economic Service) RITES and (Indian Railway Construction Company Limited) IRCON.