IRCTC is in the news, and this time it is for all the right reasons.
Shares of IRCTC entered the stock market in trade with a bang. It opened for trading at Rs. 644 on the Bombay Stock Exchange, while its issue price was Rs. 320 per equity share, gaining 116%. On the National Stock Exchange, IRCTC shares opened at Rs. 626 and hit a day's high of Rs. 698, a surge of nearly 118%. The stock prices for IRCTC have doubled on the day of its debut.
If you still don't get it, it just means IRCTC is making big bucks yo!
So of course, IRCTC is trending on Twitter, and these jokes are off the rails.
Remember the times when IRCTC made all the people who couldn't book, weep at 10am.— Gabbbar (@GabbbarSingh) October 14, 2019
Today was no different. #IRCTC
* trying to buy a share of #IRCTC *— Sunil- the cricketer (@1sInto2s) October 14, 2019
* message popped up *
* sorry, you are in waiting list *
People doubled their money with the IRCTC IPO and here I'm buying toothpaste online coz it's cheaper by 5 bucks. 😭🙏— That Goan Guy (@schmmuck) October 14, 2019
Looking at the irctc listing price, then realizing you were not allocated any shares pic.twitter.com/J6G2yyyX0B— Sir Yuzvendra (parody) (@SirYuzvendra) October 14, 2019
To those buying IRCTC : pic.twitter.com/ceNooPQQqX— shubham jajodia (@shubhferrari) October 14, 2019
Looks like for some, the Diwali bonus came way in advance, and with a bang.