HomeFINANCEHow To Check IRCTC IPO Shares Allotment?

How To Check IRCTC IPO Shares Allotment?

What is Listing Gain?

Once an IPO enters the market then it stays open for three days. The price at which you can subscribe for an IPO is known as the Offer Price. In the case of IRCTC IPO, the offer price was ranging from Rs 315 to Rs 320. Once the IPO closes, the process of allotment begins. A few days after the successful allotment process, the stock gets listed in the share market officially. The price of the stock on the initial day of the listing is known as the Listing Price. Listing Price can be higher than the Offer Price if the demand for the stock is high. If one sells the stock at a higher Listing Price then that profit is known as Listing Gain.

Furthermore, shares can only be bought in “lots” at the IPO stage. In the case of IRCTC IPO, the minimum share lot size was 40. But after the share listing in the stock market, you can sell the shares individually. You can even buy more shares individually. Since now the shares are open for trading between people.

The Listing Gain expectation for IRCTC IPO

Out of the last 20 company IPOs, 6 ran into a listing loss. Which means that their Offer Price was higher than their Listing Price. Also, expect for Indiamart IPO, which gave a 33% listing profit, all others were quite insignificant.

IRCTC IPO

For IRCTC IPO though there is an expectation of 69-71% listing gain, according to the grey market. The grey market is composed of High Net-Worth Investors or HNIs. These investors invest over Rs 2 lakhs in IPOs and have a separate reservation of IPOs for them. Similar to how shares are reserved for retail investors.

IRCTC IPO

Out of the total 5,04,000 lots released for IRCTC IPO shares allotment, 1,75,000 lots were reserved for retail investors and the remaining 3,29,000 lots were reserved for HNIs and QIBs (Qualified Institutional Buyers). According to reports, IRCTC IPOs were oversubscribed 15 times in the retail category and 354.52 times in the HNI category. Hence, there is a very high demand for these stocks in the HNI market. Thus, once the stocks are listed in the stock market, retails investors will be able to sell them at a premium listing price to the HNIs. The Listing Date for the IRCTC stocks is 14th October 2019.

You can go to MoneyControl and keep a lookout for all Upcoming/Open, Draft, Listed IPOs, etc.

How to check IRCTC IPO shares allotment?

First Method:

  • Go to your email id and check for a mail by IRCTCIGR@ALANKIT.COM
  • This mail would explain how many lots you had applied for as well as how many lots of shares have been allotted to you.
IRCTC IPO

Second Method:

  • Visit Alankit IPO Status.
  • Next, on the new window, select the company as IRCTC Limited.
  • Then Search By your Application Number or DPID or PAN.
  • Enter the mathematical query answer and click on Search.
  • This will display all the details of your share allotment.

Don’t forget to watch the video on this tutorial below.

Also read, 100% FREE Demat Account + Flipkart Voucher 500/- In 5 Minutes | Upstox.

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Heena Siddique
Heena Siddique
Bibliophile. Turophile. Foodie. Tea enthusiast. Shopaholic. Sitcom addict. Movie buff.

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