IRCTC Share Price falls over 5%

The scrip fell as much as 5.56 per cent to hit a low of Rs 694.05 apiece on the National Stock Exchange (NSE)

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IRCTC shares were trading at Rs 701 on the NSE and were down by Rs 33.70 4.59 per cent around 10 am

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Around 42 lakh shares were on the block on NSE around this time.

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The promoter (Government of India) proposes to sell up to 2,00,00,000 equity shares of IRCTC.

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The floor price for the OFS has been fixed at Rs 680 a share,it currently holds a 67.4 % stake in the company.

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Government will sell its 2.5 per cent stake on Thursday (T day).

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On 16 December (T+1 day) it will sell 2.5 per cent stake.

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The government will sell its share via OFS where 2.5 percent shares will be sold through the green shoe option.

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The stock has been out of action over the last 5-6 months.

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The stock hit its 52-week high of Rs 918.65 on 17 January, 2022 and Hit 52-week low of Rs 557 within a span of six months.

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