Gray Market Fluctuations: High premiums of 70- 71% in IRCTC

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Mumbai, Ta. 11 October 2019, Friday

After a long time, the Indian Railway Catering and Tourism Corp. (IRCTC) stock in the gray market has a high listing gain in the stock, calling for a premium of 3-5%.

Recently, government-owned IRCTC companies entered the capital market with IPOs. Whose price band is Rs. There was a 3-4 offering in which retail discount was offered to the investors.

Most of the brokerage houses allocated a subscribe rating for this issue, the issue was oversubscribed 3 times. The stock will be listed next week following the allotment.

From the beginning of the IPO to the gray market, there are deals from the beginning until the listing. Recently, the gray market also collapsed as the primary market collapsed due to market volatility. But after the IPO of IRCTC, the gray market has seen a resurgence. At present, a high premium of 5-7% of the company's stock is being talked about. Given this, there is a strong potential for higher returns against the listing in these stocks, market informed circles said.


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