IRCTC (Indian Railway Catering and Tourism Corporation Ltd.) plans to raise $645 million through an IPO and has filed a DRHP. IRCTC manages Indian Railways catering, tourist, and online ticketing activities.
Every day, around 600,000 bookings are made online. According to financial data, the IRCTC is doing well. We may anticipate a successful IRCTC ipo with high subscription numbers. The price band of IRCTC ipo is a little on the high side, but it still depends on demand and the ipo gmp looks nice to go for it. The market is also favourable, and we might expect a successful listing of IRCTC ipo in the coming days.
IRCTC IPO Review:
- Must Apply
IRCTC IPO GMP, Dates & Price Band: (Tentative)
- IPO Open: 30-September-2019
- IPO Close: 03-October-2019
- IPO Size: Approx ₹645 Crore (Approx)
- Face Value: ₹10 Per Equity Share
- Price Band: ₹315 to ₹320 Per Share
- Listing on: BSE & NSE
- Equity: 2,01,60,000 Shares
- Discount: ₹10 for Retail & Employees
- Allocation: QIB: 50%, HNI: 15%, Retail: 35%
IRCTC IPO Market Lot:
- Shares: Apply for 40 Shares (Minimum Lot Size)
- Amount: ₹12,400 for Retail & Employee
- Amount: ₹12,800 for QIB & HNI
IRCTC Financial:
| ₹ in Crore | Revenue | Expense | PAT |
| 2015 | – | – | – |
| 2016 | – | – | – |
| 2017 | 1603 | 1248 | 231 |
| 2018 | 1570 | 1224 | 225 |
| 2019 | 1957 | 1527 | 273 |
Company Promoters:
- THE PRESIDENT OF INDIA ACTING THROUGH THE MINISTRY OF RAILWAYS, GOVERNMENT OF INDIA
IRCTC IPO Registrar:
Alankit Assignments Limited
205–208, Anarkali Complex
Jhandewalan Extension
New Delhi 110 055
Delhi, India
Tel: 011 42541954/933/ 022 4348 1293
Email: [email protected]/ [email protected]
Investor grievance E-mail: [email protected]
Website: https://www.alankit.com
Contact Person: Kamal Arora / Abhijit Deb/ Virender Sharma
Company Address:
Indian Railway Catering and Tourism Corporation Ltd.
11th Floor, B-148, Statesman House, Barakhamba Road, New Delhi – 110001
Delhi, India
Contact Person: Suman Kalra, Company Secretary and Compliance Officer;
Telephone: +91 11 2331 1263 /64
E-mail: [email protected]
Website: https://www.irctc.com
IRCTC IPO Lead Managers:
- IDBI Capital Markets & Securities Limited
- SBI Capital Markets Limited
- YES Securities (India) Limited
