IRCTC IPO GMP History
IRCTC IPO has been listed on October 14, 2019 at a listing price of ₹626, against the issue price of ₹320 — a gain of ₹306 (+95.63%). The GMP peaked at ₹225 on 13 October 2019 and reached a low of ₹107.5 on 26 September 2019. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
IRCTC IPO raised ₹637.97 Cr. through its IPO at a price band of ₹315 to ₹320 per share, with a lot size of 40 shares. The IPO was open for subscription from 30 Sep 2019 to 03 Oct 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Oct 2019 | ₹ 225 | — | 70% | — | — |
| 12 Oct 2019 | ₹ 225 | — | 70% | — | — |
| 11 Oct 2019 | ₹ 225 | ▲ | 70% | — | — |
| 10 Oct 2019 | ₹ 215 | — | 67% | — | — |
| 09 Oct 2019 | ₹ 215 | ▲ | 67% | — | — |
| 08 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 07 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 06 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 05 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 04 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 03 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 02 Oct 2019 | ₹ 177.5 | — | 55% | — | — |
| 01 Oct 2019 | ₹ 177.5 | ▲ | 55% | — | — |
| 30 Sep 2019 | ₹ 145 | — | 45% | — | — |
| 29 Sep 2019 | ₹ 145 | — | 45% | — | — |
| 28 Sep 2019 | ₹ 145 | — | 45% | — | — |
| 27 Sep 2019 | ₹ 145 | ▲ | 45% | — | — |
| 26 Sep 2019 | ₹ 107.5 | — | 34% | — | — |
IRCTC IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 30 Sep 2019
- Close 03 Oct 2019
- Allotment 09 Oct 2019
- Refund/credit 10 Oct 2019
- Listing 14 Oct 2019
IRCTC IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹320 |
|---|---|
| GMP-based estimate (pre-listing) | ₹545 (+70.3%) |
| Listing gain / loss | +₹306 per share |
| Listing date | 14 Oct, 2019 |
| Actual listing price | ₹626 (+95.63%) |
Is IRCTC IPO GMP reliable?
Grey market premium for IRCTC IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the IRCTC IPO full review for a fundamentals-based assessment before making any grey market trades.
IRCTC IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for IRCTC IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About IRCTC IPO
Indian Railway Catering and Tourism Corporation Limited was incorporated on 27 September 1999. It is a Central Public Sector Enterprise wholly owned by the Government of India, under the Ministry of Railways, and its promoter is the President of India.
It is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and on trains in India.
It sells packaged drinking water under the Rail Neer name and also runs a tourism business.
The IPO was Rs 637.97 crore and was entirely an offer for sale by the Government of India at Rs 320, the top of the Rs 315 to Rs 320 band, so the company received no money.
Frequently asked
What is the GMP of IRCTC IPO?
The current Grey Market Premium (GMP) of IRCTC IPO is ₹ 225.
What is the Kostak Price of IRCTC IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for IRCTC IPO is not available.
What is the Subject to Sauda Price of IRCTC IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of IRCTC IPO?
IRCTC IPO listed on October 14, 2019 at ₹626, against the issue price of ₹320 — a gain of +95.63%.
How did the GMP of IRCTC IPO trend before listing?
The GMP of IRCTC IPO was stable in its final days before listing. The GMP peaked at ₹225 on 13 October 2019. View the day-wise table above for the complete GMP history.
Explore IRCTC IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
