Massive boost for IRCTC as it jumps 101% over the issue price
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The Indian Railway Catering and Tourism Corporation(IRCTC) saw a high jump in its shares as it got listed for a price that was 101% over the issue price. The issue price was Rs. 320, as per the exchanges on Monday. However, IRCT's share got listed at Rs.644, a 101.25 premium over the issue price. The state-run railway corporation's Initial Public Offering(IPO) was a great success and was subscribed 111.91 times on the final day.