Indian Railway Catering & Tourism Corp. Ltd. (IRCTC) IPO

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
Minimum Lots 1
Maximum Lots 15
Retail Discount Rs.10
Employee Discount Rs.10
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
Share Holding Patern

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IPO Over / Undersubcription
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 IPO Registerar and Lead Managers
Alankit Assignments Ltd
Alankit House 2E/21, Jhandewalan Extension, New Delhi - 110055
  • - IDBI Capital Market Services Limited
  • - SBI Capital Markets Limited
  • - Yes Securities (India) Limited
Company Services
  • Travel and Tourism

    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.

  • Packaged Drinking Water

    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.

  • Catering Services

    The company provides food catering services including on-board catering on trains and static catering services at stations.

  • Internet Ticketing

    IRCTC has a mobile app (Rail Connect) and a dedicated website to offer online railway ticket booking facility.


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