(i) IRCTC ( Miniratna PSU ) is a wholly-owned by the Government of India and under the administrative control of the Ministry of Railways. They are 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.
(ii) IRCTC was formed with an 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
(iii) Currently, IRCTC operates in four business segments, namely, internet ticketing, catering, packaged drinking water under the “Rail Neer” brand, and travel and tourism.
(iv) Revenue contribution from different verticals.
|Particulars (in cr)||2019||2018||2017|
|Packaged Drinking Water (Rail Neer)||176||169||159|
|Travel and Tourism||444||403||528|
(v) Under the Catering Policy 2017, IRCTC benefits from a monopoly position in many of the services they provide to the customers. In particular, they are the exclusive provider of online railway ticketing, catering services and packaged drinking water( Rail Neer ) for trains and stations.
Objects of the IRCTC IPO:
IRCTC IPO Details:
|Open Date:||Sep 30 2019|
|Close Date:||Oct 03 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||book building|
|Issue Size:||645 Cr.|
|Lot Size:||40 Shares|
|Issue Price:||₹ 315-320 Per Equity Share|
|Listing Date:||Oct 14 2019|
Promoters And Management:
Financials of IRCTC IPO:
Comparison With Peers:
Recommendation on IRCTC IPO:
Registrar of IRCTC IPO:
Bid Details of IRCTC IPO as on
03-Oct-2019 23:15:02 IST
Total Number of Applications in Retail Category: 14,64,763
Application-wise Subscription in Retail Category: 8.37X