Would have invested Rs 15,000 in the IPO of this stock, then today I would have got about Rs 3 lakh.

IRCTC IPO: Indian Railway Catering and Transportation Corporation (IRCTC) stock recently celebrated the completion of 2 years of listing on the stock exchanges. The performance of IRCTC has been excellent so far. Listed in October 2019, this stock has given tremendous returns to its investors in this short period.

The stock reached its new 52-week high of ₹6,375.45 on BSE on October 19, 2021. Against its issue price of ₹320 during the IPO, it has given a huge return of 1,892 per cent to its investors over a span of 2 years. If you had invested ₹15,000 during IRCTC IPO in October 2019, it would have become ₹2.98 lakh today. The IPO was open for subscription from 30 September to 1 October 2019. It was one of the few stocks that got listed at ₹644 at a premium of over 100 per cent over its issue price of ₹320.

Even if you had bought the stock after listing it at ₹644, it would have earned almost 900 per cent return by now. This means that an investment of ₹ 1,00,000 on the day of IRCTC listing would have grown to around ₹ 10 lakh today, which will increase 10 times in 24 months.

The stock has been a favorite among analysts and investors alike. Most of the experts have an optimistic view about this stock and see the potential for further growth even after the massive returns since its launch in the last 2 years.

recent gains
IRCTC has jumped over 8 per cent today, crossing the ₹1 lakh crore market capitalization for the first time today. The stock has gained almost 300 percent in the last 6 months and more than 100 percent in the last 3 months. The recent jump in the share price of IRCTC comes after the announcement of its stock split. The IRCTC board on August 12 approved the stock split in the ratio of 1:5. The record date for this has been fixed as October 29, 2021.

As the name suggests, stock split means splitting a stock into 2 or more stocks. In a stock split, no additional shares are issued but the existing shares are multiplied. In case of IRCTC, 1 stock will be divided into 5 shares. It increases the liquidity of the stock by reducing the price of the stock, thus making it more affordable for the investors.

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