The company had fixed October 29 as the record day for the stock split in the ratio of 1:5. The board of IRCTC had approved a stock split on August 12. Basically, this means that each stock will be split into 5 shares.

At what price IRCTC will split?

IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the subdivision/split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each. The board of IRCTC had approved a stock split on August 12.

Will shares automatically split?

A company will sometimes announce a stock split when the price of the shares has risen to the point that it might be unappealing to investors who are more comfortable with lower-priced securities. ... Stock splits will affect options holders, but the necessary adjustments are made automatically in their accounts.