The Rs 645-crore initial public offering of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed almost 112 times, making it the most successful share sale in over 20 months.

Led by demand from institutions and rich investors, the IPO got bids for 225.6 crore shares compared to the total issue size of 2.02 crore shares, data on the NSE showed. This makes it the best subscribed IPO since Apollo Micro Systems which was subscribed 250.7 times and Amber Enterp................ET