The OFS includes base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of another 2.5 per cent, taking the total issue size to up to 4 crore shares or 5 per cent stake.
Till 1125 hours, bids for over 8.75 lakh shares came in, which is about 0.05 times of the base issue size of 2 crore shares.
The indicative bid price is Rs 683.87 a share, as per NSE data. Shares of IRCTC slid on the bourses on Thursday over Wednesday's closing price of Rs 734.70.
The floor price of Rs 680 for OFS is at a discount of more than 7 per cent over Wednesday's closing price. The stock opened at Rs 698 and fell 5.38 per cent to a low of Rs 695.20.
The OFS will open for subscription by retail investors on Friday. The government currently holds 67.40 per cent stake in IRCTC.
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