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Look up and IPO of your choice-let us know where-wemay direct the class there (can be...

Look up and IPO of your choice-let us know where-wemay direct the class there (can be a news story or company website or financial news) does it conform to the underpricing paradigm?

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IRCTC IPO (Country:- INDIA)

IRCTC IPO description – IRCTC Limited (Indian Railway Catering And Tourism Corporation Limited) was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through public-private participation. The company has conferred the status of Mini – Ratna (Category-I Public Sector Enterprise) by the Government of India, on 1 May 2008.

The company is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. It operates one of the most transacted websites, www.irctc.co.in, in the Asia-Pacific region with transaction volume averaging 15 to 18 million transactions per month during the three months ended 30 June 2019.

IRCTC IPO, subscribed 112 times, is the most successful

The listing should be around Rs.315-Rs.320 for the IPO, within a span of 5 months it made a high of Rs.1994.

NO, it doesn't confirm the Underprized paradigm.

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