IRCTC is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India as a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways.
IRCTC was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through public-private participation. Company was conferred the status of Mini – ratna (Category-I Public Sector Enterprise) by the Government of India, on May 1, 2008.
IRCTC has an established track record of delivering strong annual returns to shareholders and its return on equity has exceeded 23% for each fiscal year since Fiscal 2017. It has been a profitable and debt free company since Incorporation.
Indian Railway Catering and Tourism Corporation Limited IPO - Issue Details:
||Indian Railway Catering and Tourism Corporation Limited (View Report)
||100% Book Built Issue IPO
||Issue Opens: Sep 30, 2019
| Issue Closes: Oct 03, 2019
||Rs.315* - Rs.320^ per Equity Share
||Rs.628* - Rs.638^ Crores
||Rs.10 per Equity Share
||40 Equity Shares and in multiples thereof
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||50% of the issue size (1,00,00,000 Equity Shares)
||15% of the issue size (30,00,000 Equity Shares)
|Retail Individual Bidders
||35% of the issue size (70,00,000 Equity Shares)
||NSE & BSE
||All Retail Applications compulsorily in UPI Mode
||Alankit Assignments Limited
|Book Running Lead Managers
||IDBI Capital, SBI Capital Markets and YES Securities
* Lower Price Band; ^ Upper Price Band