29th October fixed as record date for IRCTC share split

IRCTC announced the record date for splitting of equity shares of Rs 10/- each into 5 equity shares of face value of Rs 2/- each. 29th October has been fixed as the record date for this purpose. Earlier in August 2021 recommended the proposal for sub-division for which the decision was taken at the AGM held on 29 September 2021 through e-voting.

Since its debut in the year 2019, IRCTC share price have soared to record high levels. IRCTC was listed at RS 644 up 101% from its IPO price of Rs 320. It made an all time high of Rs 4019.

What is record date?

Record date refers to the date set by an organization to identify shareholders who qualify for dividend/interest payments/stock bonus etc. Basically, record date is used to find out the list of shareholders of the company on the given date. This is because the stakeholders of the organization providing the actively traded shares keep on changing.

IRCTC was up over 100 points at the time of publishing this article trading at Rs 3875 per share.