IPO of IRCTC to be launched on 30.09.2019

State-owned Indian Railway Catering and Tourism Corp Ltd (IRCTC), which sells tickets for Indian Railways and manages its catering services, plans to launch its initial public offering (IPO) on 30 September.

The proposed IRCTC IPO is expected to see the government sell stake worth ₹480 crores through an offer for sale.

The details including price band and bid lot may be revealed tomorrow, the sources added.