Market IRCTC IPO closes today: Should you subscribe? Here's what brokerages say Updated : October 03, 2019 11:44 AM IST The government hopes to raise up to Rs 645 crore through the offering and the offer closes on on October 3 (Thursday). The IRCTC IPO comprises an offer for sale of 2 crore shares, representing 12.50 percent of total paid-up equity by the Ministry of Railways. Most brokerages are positive and have given a buy recommendation on the IPO, given its reasonable valuation and monopoly in the railways. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.