Incorporated in 1999, Indian Railway Catering and Tourism Corporation (IRCTC) is wholly-owned subsidiary of Indian Railways. The IRCTC website is one of the most transacted websites in the Asia-Pacific region. IRCTC held an IPO on the NSE on 30 September 2019. The IPO got oversubscribed 112 times. ...price of shares for the IPO, was set between ₹315 and ₹320 per equity share. The listing went live on October 14, 2019. The share price opened at a ₹625 on NSE and ₹646 on BSE. Post IPO issue, Indian Railway's shareholding in the company has reduced to 87.4%. read more
|Issue Open Date||Sep 30, 2019|
|Issue Close Date||Oct 3, 2019|
|Issue Size (Rs cr)||20,160,000 Eq Shares of Rs.10 (aggregating up to Rs.645.12 Cr)|
|Issue Price||Rs.315 to Rs.320 Per Equity Share|
|Listing on||BSE, NSE|
|Issue Type||Book Built Issue IPO|
|Issue Lot Size||40|
|QIB||upto 10,000,000 Equity Share|
|NII||atleast 3,000,000 Equity Share|
|EMP||upto 160,000 Equity Share|
|RII||atleast 7,000,000 Equity Share|
|Book Value||Rs 65.18 (March 31, 2019)|
|Face Value||Rs. 10 Per Equity Share|
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|Date||Issue Price||Issue Size (Rs Cr)||QIB||NII||RII||EMP||Total|
|Oct 3, 2019||315.00-320||Rs.645.12 Cr||108.79x||354.52x||14.83x||5.81x||111.91x|
IRCTC is specialised in rail tourism. It offers travel and tourism services across diversified segments such as air, land, rail, & cruise tour packages, hotel bookings and air ticket bookings.
It is an authorized manufacturer and distributor of packaged drinking water on trains and at railway stations. The company manufactures packaged drinking water under brand name Rail Neer.
The company provides food catering services including on-board catering on trains and static catering services at stations.
IRCTC has a mobile app (Rail Connect) and a dedicated website to offer online railway ticket booking facility.