IRCTC has announced OFS (Offer for Sale) of about 2,40,00,000 equity shares, the offer will open for subscription on December 10, 2020 for non-retail investors, and December 11, 2020 for retail investors. You can check the announcement from the company here.
Issue Details
Issue Period
December 10, 2020 - December 11, 2020
Non-Retail Investors
December 10, 2020
Retail Investors
December 11, 2020
Floor Price
Rs. 1,367
How Do I Apply for IRCTC OFS?
You can place your bid for IRCTC OFS on Console, you can read this post for detailed information.
You should have sufficient funds in your trading account on the offer end date before the cut off time (2:30 PM) to get the allotment. Also, credit received from selling stocks on the OFS bidding day will not be considered towards the order placement.
Made a deposit in my trading account this morning and applied through console somewhere around 8 am as the start time was 7.53 AM. when Do I get a notification if I have been allocated any share? the money has not been debited from my trading account I still can see it. somewhere I read that broker gets to know the allotment status at 6 PM T day so if the fund has not been debited from my account by now does it mean no shares have been allocated to me?
Applied for OFS sometime around 01 pm,But funds are still undebited from my trading account .Just got a mail stating my order was placed not accepted in the exchange,I am just confused out of my mind
List item Normally when would we know that an allocation has been made to us and when will the shares be delivered?
List item Is there anything i need to do regarding the error mail i just receieved?
"We would like to inform you that your OFS order for IRCTC was placed at the Exchange but was not accepted. We have taken up the matter with the Exchange.
@ShubhS9 I and my friend also received the same mail. You mean to say that all the orders from Zerodha failed? If yes, is there any chance of reconsideration and allocation?
Like others, I have also received a mail from Zerodha on the matter of the failed IRCTC OFS bid. Could you help up all to understand what exactly has gone wrong and how this issue is going to get resolved?
"
We would like to inform you that your OFS order for IRCTC was placed at the Exchange but was not accepted. We have taken up the matter with the Exchange.
Not getting an alottement is not the worry here,No one cares to reply .I have tweeted to them ,Raised a ticket but no replies anywhere .Dear Mr.Nithin @nithin ,Why can’t anyone update us on what’s what? Keeping us in the dark for no fault of ours isn’t fair .Hope things change
Hey, there was a tech issue where the orders that we submitted didn’t get accepted on the exchange platform. (some capacity constrain in terms of how many orders can be accepted at one time). We had sent an email saying that the order was rejected.
