IRCTC IPO
(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 |
| Internet Ticketing | 234 | 207 | 469 |
| Catering | 1044 | 740 | 398 |
| Packaged Drinking Water (Rail Neer) | 176 | 169 | 159 |
| Travel and Tourism | 444 | 403 | 528 |
| Total | 1898 | 1519 | 1554 |
(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 |
| Total Shares: | 20160000 |
| 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 |
| Retail Discount: | 10 |
| Listing At: | NSE,BSE |
| Listing Date: | Oct 14 2019 |
Promoters And Management:
Financials of IRCTC IPO:
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | EPS |
| 2017 | 1602 | 380 | 23.7% | 229 | 11.4% | 4.000 | 14.3 |
| 2018 | 1569 | 372 | 23.7% | 220 | 10.9% | 4.000 | 13.8 |
| 2019 | 1956 | 461 | 23.6% | 272 | 13.5% | 16.000 | 17.0 |
Comparison With Peers:
Recommendation on IRCTC IPO:
Lead Manager of 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
Discussion on IRCTC IPO:
240 Comments
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IRCTC as a Multibagger is Over-priced? https://futurecaps.com/irctc-multibagger-stock-analysis/
How buy this ipo process..
Any news on HDB IPO???
HDB r the details for the IPO out???
Not yet.
CSB IPO soon 19-21 November Tentative…
FRIENDS PLEASE PLEASE SUGGEST ME A GOOD STOCK BROKING COMPANY…KARVY IS THE WORST.
NOT GIVING PAYOUT..PLEASE
If you want to open dmat account through discount broker then you should go SAS ONLINE broker . Brokerage plan is 9rs per trade . Payout issued in next working day.
Is it advisable to buy HDFC bank or Ujjivan shares at this time to apply in the shareholders quota of upcoming ipod of their subsidiaries?
yes
How much shares we buy today?
1-1 share le loh.
Will HDFC AMC shares do?
no.
Okay . Thanks
Is it mandatory to have HDFC bank shares if I want to apply for the subsidiaries????
Or it’s only if I am applying through the shareholders quota then we need to have shares.
In case applying for shareholders quota what is the cut off date when I should have the shares in my dmat
Yes, it is mandatory only if you want to take advantage of shareholder quota. The cut-off date would be the date of filling of RHP to the ROC.
@market wizard any idea about the upcoming IPO of Aramco oils Saudi?????
What could be procedure for the subscription if someone is interested init same as our normal IPOs or would there be any change due to it being a forgien company
Are Indians allowed to apply?
It will list in Saudi Arabia. So we cant participate.
Just for knowledge if someone can explain. Is it a rule that as a Indian we can apply for only companies listed on Indian market????
If not which all global markets can we participate in ???
To apply for an IPO, you need a trading/demat account. Do you have an account on the Saudi exchange? You can participate on any exchange in the world if your broker allows that. Just as a foreigner can invest in India, you can invest worldwide. Ask your broker if they support other markets in the world. Many international brokerages allow you to invest in all major markets of the world. But Saudi market would be difficult to find as it’s not very popular and was closed to foreigners until 5 years back.
Swarajya: After Blockbuster Response From Markets For IRCTC, DIPAM Sets Sight On IPOs Of RailTel, IRFC.
https://swarajyamag.com/insta/after-blockbuster-response-from-markets-for-irctc-dipam-sets-sight-on-ipos-of-railtel-irfc
Does anyone have any info about the above IPOs???
Where can I find the details for the above
we will update shortly.
Thanks. Will be waiting
💡 *IPOs likely in the month of Nov 19*
✅ CSB Bank Ltd.(Formerly known as The Catholic Syrian Bank Ltd.) – Rs. *500* Crs
✅ Ujjivan Small Finance Bank Ltd. – Rs. *1000* Crs
Dear Admin Give me Hdb Pre Rate unlisted.. 200 Qty.
Congratulations to all those who were alloted shares, you have doubled up your money
by looking at the volumes, the IRCTC may hit UC at the E.O.D
@MarketWizard, Can I know what is UC?
UC means upper circuit. There is no seller at UC. The UC for today is 751.
Few days back i wasn’t aware about the IRCTC IPO. Thanks to Investorzone, i got the fair idea about tbr ipo and the detailed research through email notifications from Investorzone. I would like to express my kind gratitude and thankfulness to Investorzone and Market Wizard. You guys rock, cheers.
Thanks for the appreciation!!!
Should we sell the lot or hold..any thoughts???
book karloh.
15k profit in single lot…. Babu bhaiya 12 din me paisa double 🤣🤣🤣
Congrats!!
Should we sell or hold?
bumper listing
nikal lo
Irctc showing 626 price in kotak
Irctc price not showing
10 am sayad
10 am listing time hai
626
Irctc 287-292 new high
How to price to listing
Hold ya sell
Investing amount remove
Have anyone got the blocked amount released, as my balance still shows blocked under lein section. I have not been allotted any shares.
Please contact your bank tomorrow. The lien should have been removed by till now.
Even same here. Not sure if its due to the bank holiday on 2nd saturday but still amount is in lien only.
Will the bank or the issue manager of the ipo help us with this?
⏳ *MOST AWAITED IPO*
💡 *HDB IPO*(HDFC GROUP)
દિવાળી પછી આ IPO આવવાનો છે ….આ IPO ના ફોર્મ આવવાનાં નથી,
આમાં બધાજ ઇન્વેસ્ટર્સ ને ફરજિયાત નેટ બેન્કિંગ અથવા તો UPI ID થી IPO ભરવો પડશે.
*IPO સારો છે*
જેથી જે લોકે ને UPI ID બનાવવા નો બાકી હોય તે લોકો ID બનાવી લેવો અથવા તો બેંક માં ATM કાર્ડ લઈ લેવું.
GOLDEN TIP FOR THOSE WHO DIDN’T GOT ALLOTMENT
IF YOU HAVEN’T GOT ALLOTMENT OF IRCTC IPO LIKE ME, THEN ALSO YOU CAN EARN FROM IT. HOW??
BUY IT UPON LISTING I.E. @LISTING PRICE AND THEN SELL IT FOR PROFITS LATER
🚆 *IRCTC IPO*
Market 🧘🏻♂Pundits are giving very aggressive targets:
🧨Listing Day ==> 550-600
🧨By Diwali ==> 700-750
🧨By Year End ==> 850-900
🚆 *IRCTC IPO*
*GMP 245/248* (New High)
🚀 🚀 🚀 🚀
Was just wondering is it a good idea to buy IRCTC on the day of listing for long term investment.
Hi I got 1 lot, but my transaction gets fail due internal exception at server/cbs/remitter side, what to do today is last day, if money is not remitted by today itself do I loose want I gain, please suggest
Did your money get deducted?
No
IRCTC 5/23
Still share not credit in demat? What i do .. anybody have same problem?
It will be credited on monday morning.
Nse Mai 40 share credit
Got 1 lot
Had applied for 4 lots but got 0 🙁
my question is regarding the amount blocked. Maccount balance is still not updated and the lien balance still shows the amount blocked for the application. When will the amount be released?
I thought it would be released yesterday itself once the allottment is out. Can anyone please guide me?
It will be released today.
Congratulations to the ones who got the allotments. Better luck to the ones who didn’t got. Applied for 2 got 0
Kisi ke irctc k share credit hue demat account me abhi tk?
Monday honge morning main.
Don’t worry about the crediting of share. Just keep enjoying..
*Listing update
Indian Railway Catering and Tourism (IRCTC)*
*BSE CODE:- 542830*
*NSE CODE:- IRCTC*
*ISIN NO:- INE335Y01012*
Monday
Ready for blockbuster listing on Monday. The expected listing above 500.
Benifit in holding till diwali or sell listing day ?
It is a long term stock. My advice would be to sell half and keep the other half for the long term.
Gmp?
530
Hmm?
How i sell my irctc share in grey market before listing?
Suppose I have 1 dmat AC and 2 bank accounts so, can I apply from both of the bank ACs for same ipo?
Further, through upi may I apply for third bid?
Dam it no allotment
Got 1/2
congrats!!
Where to check allotments status … suggest any app….plz
U can check your bank account.amount would be debited if shares allotted
Or check on alankit website
http://ipo.alankit.com/
Got 1/1
For IPO allotment, does stock agency (Kotak, Zerodha etc.) matters? Because one of my friends got 40 of 640 from Kotak, but for me 0 of 600 from Zerodha.
no such thing.
Applied 1 lot and got it.
and my wife account applied 1 lot but not received
Where to check allotments status
I tried to check the status on alankit link but it is showing “no record found” please advise if allotment out or no ?
1/3
Congratulations to all who received
0 /3
ek app mein hold lg gya tha , means amount block ho gyi thi…but no record found aa rha h
Applied for 160 shares but allotment 0. Is there anybody here who got anything? 😀
5 lots and nothing for me too, the luck of computerised lottery
Applied for 1 lot in 1 Application and 3 lot in other but alloted 0 ,so hard to get allotment in IPO these days.
Applied for 600 shares but allotment 0, hard luck . I congratulate whoever gets allotment.
got 1/5.
Got 1/14 and 0/8
Didn’t get allotment….congrats n best of luck to those who got it…
IRCTC application status now uploaded on ipo.alankit.com
*IRCTC IPO Basis of allotment update*:
*Retail Investor will get 40 Equity share in 13:96 ratio.*
*Final HNI Subscription: 350.70*
Allotment status will be available on RTA website post 1.00 pm today http://ipo.alankit.com/
Tentative Listing Date: *14-Oct-2019*
*Team Edelweisspartners*
Sir, can you please explain 13:96 ratio. I’m completely new to this.
Does it mean 13 out of every 96 applications gets 40 equity share?
Thanks for constant updates, could you explain about 13:96 ratio?
Many thanks,
Pullaiah
The details in this page say that BSE Retail category was oversubscribed by around 10.57 times and NSE retail category was oversubscribed by around 4.37 times. Does it mean one has more probability of getting at least a lot if one has applied in NSE?
Adding your information (13:96) and the above logic together, it seems that the ratio for NSE will be 19:96 and for BSE, it will be 8:96. Am I missing anything?
IRCTC allotment started. Bank debited messages are coming.
But I guess the allotment should come tomorrow..
Well some are predicting “6 working days” required after “closure of IPO bidding” for allotment, let’s wait and see
It is not a prediction , it is a rule. In the future, it will be reduced to 3 days when UPI becomes compulsory.
Forwarded as received
Just talked to concern person… He is saying allottment on 14.. listing on 15 or 16
Upto what time basis of allotment will come
Since it’s 8pm now no chance for IRCTC allotment today, all the very best for all of you “tomorrow”
http://ipo.alankit.com/
*IRCTC IPO STATUS – To be available after 7 pm*
*IRCTC IPO – સાંજે 7 વાગ્યાં પછી જોવા મળશે..*
Got this from Alankit
Sir, you can check your status online, please visit ipo.alankit.com
The date of basis of allotment is will show on today evening or tomorrow 10th Oct 2019.
by evening.
we will get to know abt allotment
O.o …. It’s Oct 9th now
All the very best and wish you all the world’s luck for IRCTC shares allotment 😀😁😗😁
IRCTC allotments time?
Got this from Alankit
Sir, you can check your status online, please visit ipo.alankit.com
The date of basis of allotment is will show on today evening or tomorrow 10th Oct 2019.
How do l know if I have been alloted the subscription of IRCTC IPO or not???
Few of my friends who have applied for the above IPO and had there money blocked through BHIM is now showing the mandate as expired what does that mean. Can someone shed some light on this
You would have received email from NSE or BSE with bid details, so check your registered mail
There is some talk (on emails) about unlisted Shares by saying PreIPO catch word, is it worth to invest in unlisted Shares? I mean how can they be sold? Will they get dividends only and no sale with locked up funds?
Can some one enlighten me regarding this?
Yes, please shed light on this. If deemed fit pl write an article on this topic, market wizard pl see if you can do something
I came across this
https://economictimes.indiatimes.com/markets/stocks/news/the-pitfalls-of-investing-in-unlisted-stocks/articleshow/68194363.cms
One main draw back of unlisted share is they can’t be sold after bought, so our FUNDS are locked
who said??
Unlisted Market works similar to the listed market except for liquidity. The shares are credited in the Demat account. The shares can be sold and bought at http://www.unlistedzone.com. They get similar dividends as of listed shares directly into your bank account. There is a lock-in period of one year for unlisted shares, however, you can sell it in unlisted market before IPO as well if you wish to.
What is “except for liquidity” meaning? Cant be liqidated as per our wish with in 1 year meaning our funds are locked for minimum 1 year right?
-> There is a lock-in period of one year for unlisted shares
Also selling is troublesome as buyers are very limited
*IRCTC IPO UPDATE*
Finalisation of basis of allotment: 9 oct 2019
Initiation of refund: 10 oct 2019
Credit share to Demat account: 11 oct 2019
Listing date: 14 oct 2019
Nice
Hi
Still I m waiting my refund.
214/217 Latest Grey Rates. Bumper listing confirmed!!
O.o interesting
I have applied through ASBA on 3rd oct at 2pm. I have received a mail from NSE that the application received at NSE at4.58pm. I have submitted only single application and same is available in ASBA but NSE is showing 2 application number..but lot number same.
Similar thing happened for me, the application number for mine is 7 digits in internet banking IPO portal and the confirmation mail from NSE had “211|” prepended to my application number making it 11 digits, but since the endings of numbers are same it’s fine I think
So no need to worry
Even I applied for share on 3rd Oct but next day got mail quoting 2bid Id for same quantity of share how it is possible
Please guide in this regard
When can we know whether I got a number in a lucky draw?
Oct 9th – lucky draw
Hi Team, I have doubt on the how the lottery based allotment system works.
in case if persons is allocated the share whether all shares will be given, which he/she bid or partial no. of shares based on subscription number irrespective of bid no.?
whether any preference is given to age or gender or bid quantity?
any tips to improve successful bids for such over-subscribed ipo’s?
No preference, just computerised lottery for only 1 lot for lucky allotted candidates
Hi All,
Is lot size for retail category 15 or 16?
Max. lot allowed for retail category? 15 or 16? I see they are giving discount 10rs./share. Due to this, getting confused on cutoff share size.
the lot size is 40 shares.
In RETAIL, No use applying more than 1 lot per application since IPO is over subscribed
ALL APPLICATIONS CAN BE ASBA ONLY.
ASBA THROUGH BROKER WITH UPI
ASBA THROUGH NETBANKING
ASBA THROUGH SUBMITTING FORMS HAVING BANK ACCOUNT DETAILS TO YOUR BANKER’S BRANCH
On BSE, it is clearly mentioned that for retail investor UPI id in application form is mandatory. Does it means retail investor can’t apply through ASBA !
No nothing as such u can Apply through ASBA Also
Yes, asba is there.
hi
have subscribed for the ipo. got a mail for bidding successful, got the mandate yesterday on SBI bhim pay and approved as well however the mandate still shows as pending on the app, amount not debited. can anyone help i mean whats happening
It blocks the amount so it might b showing as still not paid
hi the problem is i have no mail or sms of even blocking the money. is there anyway i can find out if the amount is blocked or not????
@Awadhraj
Check in BSE website for status using your application number and PAN
Hi! Does it make sense applying for more than one lot, given the IPO is oversubscribed the way it is? I believe there’s going to be a draw for final allotment, and winning retailer investors will all get one lot each. Is that accurate?
No sense. Apply only one lot.
GMP 185+/- 2
Kostak 1,300/-
IRCTC IPO – *Market’s Current Estimates of oversubscription*:
RII = 10.50L Forms = 6XApplic. Wise (Agv allotment of ~ 6.67 shares per lot)
NII = 35K Crs. = ~364.58X
Interest cost @8.0%p.a. for 7days = 49.10paise for 1X
Thus, for NII the costing = 364.58 X 46.03paise = Rs.179.00 per share (= GMP)
And, for RII the costing = 6.67 X (179.00+10) = Rs. ~1260/- (= Kostak)
#EAGLEYE
Hi
Can i go for this IPO? Because revenue is not that much good for this company. Please suggest
Yes you should definatly go for this IPO
Yes, apply without worry.
Kindly share your FB link for a easy communication
Hello everyone,
I have a query ,my parents have demat acc separately but don’t have net banking or bhim UPI (they both have PNB ATM card as well both don’t know the PIN so I m unable to create UPI or Net banking)
Is there any other way to apply in this??
Please Help.
Add there DP ID and Client ID in your net banking and try… This is the risk worth taking…
Sir dats the problem they don’t have net banking acc ..
May i know Employees reserved means?? Who are eligible?? Indian railway employees or irctc employees??
Only IRCTC employees
I am railway employee. What will happen if i apply in employees category.
okay. technically reject hona chaiye. But I do not know how they verify employees.
Is compulsory apply IPO though UPI now or can be done through ASBA Axis bank ?
Can be done thorough Axis ASBA as you would do normally, UPI is just another way to apply , UPI method is optional method and not compulsory
You can apply through ASBA
Can i apply for IPO on holiday
Oct 2nd is holiday normally, but this IPO can be applied from 10 am to 5 pm on Oct 2nd
Axis bank internet banking got stable now, just for info
IRCTC se ticket book karate Hain to uska server down..
Jab IPO me booking Kara rahe Hain to banks ke server down…
*Down, Down, Down…* 🎼🎼🥁🥁🥁🎷🎷🎻🎻
should be its theme song. 🤣🤣
On a serious note, most of the *banks*, BHIM UPI app etc are down because of IRCTC only and people are thinking banks mein kuch locha hai..
*IRCTC ne hila Diya market* 😆😆
market wizardji i have yes bank shares 500@156 now a days i have a loss so pls suggest me i can hold ya sold at this rate?………….
No point in selling at this rate now.
But try to exit whenever there is any jump in share price. The problem with share is that it’s own directors are selling shares which means something is seriously wrong in yes bank.
Any one facing issue on BHIM app ,
Yes, from morning some technical issue is there with all UPIs.
So what can I apply through ASaB
Hi everyone, i have a query,
i received mail for confirmation of bid submission but not received upi mandate request by now, what to do?
Had money deducted from the account?
how to check my application acceptance (status) after submitting in internet banking ASBA?
It will show you as lien amount in your balance.
Applied in Axis ASBA and now only got email confirmation from NSE
bhim app isnt working for one of my account
Hello market wizard
Can I apply for IRCTC ipo & how much lot I can apply ?? Maximum how much??
1 lot per application.
market wizardji i have yes bank shares 500@156 now a days i have a loss so pls suggest me i can hold ya sold at this rate?………….
IRCTC IPO – *Market’s Current Estimates of oversubscription*:
RII = 10.50L Forms = 6XApplic. wise (Avg allotment of ~6.67 shares per lot)
NII = 30K Crs. = ~312.50X
Interest cost @7.5%p.a. for 7days = 46.03paise for 1X
Thus, for NII the costing = 312.50 X 46.03paise = Rs.143.84 per share (GMP)
And, for RII the costing = 6.67X 143.84 = Rs. ~960/- (Kostak)
IRCTC IPO – *GMP Expected*
GMP 145/-
Kostak 960/-
Hi friends and seniors ,
I have a doubt … why QIBs not started their transactions in IRCTC
Qib will come on 2 and 3 rd day.
Why QIB’s come on 2nd and 3rd day? Is it some rule or the QIB’s are checking on demand supply statistics to wait and apply at last moments?
If you are planning to apply in IRCTC IPO through *Axis* bank account then please don’t wait until the last moment as it’s been throwing *System Busy. Please try again later* for a few hours now. This may happen on last day also.
*जनहित में जारी*
Hi Senior members, can you please answer my query?
I’ve my demat account with IDBI Direct. Through this i have applied for IRCTC IPO. I have submitted my GooglePay UPI ID and the application was accepted. However, I’ve not received the UPI mandate still?
How long will it take for the UPI Mandate to be generated? Or is my application rejected?When I check status it says file uploaded and does not show rejected?
Do they allow anyother UPI ? In Angels broking they specifically mentioned BHIM UPI ID only.
@Marketwizard, if you could shed some lights please ?
No. MY demat provider confirmed that my application has been rejected. In their email they had mentioned BHIM and supporting UPI apps. Now they say its only BHIM App.
Stupid people, i couldn’t even apply back again as the cut off time was over 🙁
Offline ka procedure rehga
Ek a/c se kitni application luga sukte h
5
Apply single app from single Account to be on safer side.
Do they allow anyother UPI ? In Angels broking they specifically mentioned BHIM UPI ID only.
@Marketwizard, if you could shed some lights please ?
May i know the reason of apply single slot from single App, please ? If they allow, why can’t we apply for as many as we want ?
GMP
161-166
MEANS 50 % UPSIDE I\ON LISTING DAY
Yes. Very much possible.
1) can we apply for family members from my ASBA account?
2) which allotment probability is high for IPO? I mean applying for “5 lots on single PAN (myself)” or “1 lot on different PAN (family members)”
Please can anyone explain me
No, you can’t apply for the family from a single bank account. Apply a single application from ASBA. Else app will be rejected.
I THINK HE CAN APPLY UPTO 5 DEMAT ACCOUNT FROM SAME SAVINGS ACCOUNT.
Can I apply for my wife from my bank account? For me I am applying from another bank account.
Single Lot
YES YOU CAN APPLY DIFFERENT PAN FROM SAME SAVINGS ACCOUNT GO AHEAD
Apply from different PAN means for family members from my single ASBA account right?
But bank ASBA account allows 5 application so why not I can’t apply for family members through it (family members means different PAN)
Can some one share the Calculation for the cost of investment
I am expecting EPS of >25 in FY20 due to reduction of corporate tax to 25.17% which was 34.99% earlier. By this, there would be a saving ~40-50 Cr.
Moreover, after demonetization to support digital India the government had removed convenience charge which was 20 for Non-AC and 40 AC in Dec-16. Total revenue generated in Fy16-17 was ~ 360 cr. This charge had reduced the revenue from the ticket business by 25%. This means in FY16-17, had this not removed, the IRCTC would have clocked revenue of ~450 Cr from service charge.
From Sept 2019 onwards, the IRCTC has started levying a charge of Rs. 15 for Non-AC and 30 for AC. That means a reduction of 33% charges as compared to Fy16-17.
If we consider no growth in the ticket booking and reduction of 33% in service charges, the full-year revenue in FY19-20 would have been close to 300 Cr. Now as we have only 6 months left we can easily add 120 Cr to bottom-line considering there is an advance booking of 2 months.
Considering the same revenue of FY18-19 in next year as well then we can easily add > 160 Cr to the bottom line of IRCTC.
The EPS would be > 25.
If we give P/E of 20 to IRCTC, it can easily surpass 500.
Expecting listing above 400.
The no of shares is less for retail and the chances of getting it is very less. Is that correct? Is it better to buy after listing instead. Senior members what are your thoughts?
IRCTC IPO
(i) The total size of the IPO is 645 cr.
(ii) Retail quota = 225 Cr
(iii) Expected Bid = 2500 Cr( similar to what we see in Rites )
(iv) So chances of >10x subscription in Retail category.
Rites return since the IPO launched in July 2018.
1. IPO Price = 185.
2. listing was timid at 190 but at the end of the day, the stock closes at 214 which is 15% above from issue price of 185.
3. Till date, it has given more than 70% return. Plus 4 times dividend of which is equivalent to Rs.15 per share.
What should be idle size of application to get maximum benefits
Are you asking in HNI?
160/170
950
5200
IRCTC – Cut-off time for UPI Mandate Confirmation : 04-Oct-2019 (upto 12:00 PM)
I had received a UPI mandate to authorize via BHIM app,when i tried ,while authorizing it got failed and now this app doesnt even allowing me to reauthorize it , infact showing error occured while logging in..
Contacted my broker (sharekhan), contacted bank (sbi) no one is seems helpful here.. can you please suggest a way how i reauthorize the UPI mandate for blocking money?
Irctc 136 140
One Takeaway from @IRCTCofficial #IPO meet
Conveyance Charge per Ticket (Rs 15/30) which was withdrawn in 2016 to push for Digital Economy has been started again from September 1, 2019.
Though little less at Rs10/20, it will help their bottomline and affect Consumer’s pocket
(i) Everyday 14 lakh people travel through railway.
(ii) 72% of ticket booked are done online. It means ~ 10 lakh online tickets booked online every day.
(iii) Increase in revenue of IRCTC from this convenience charge in the FY19-20 will be > 160Cr.
DEAR MEMBERS
IRCTC IPO, REAL-TIME GMP, BROKER INFO, ALLOCATION, REVIEWS ETC.
Let me know your Reviews and GMP…
Finalisation of Basis of Allotment 9-10-2019
Refunds/Unblocking ASBA Fund 10-10-2019
Credit of equity shares to DP A/c 11-10-2019
Trading commences 14-10-2019.
Business overview of IRCTC and its challenges
Catering Business
The major revenue contributor of IRCTC is their catering business. It contributes more than 50% of IRCTC business. The quality of food served by Indian railways is always questioned. Many times we have read in the newspaper for its poor quality and unhygienic way of preparation.
The CAG in its report published in 2017 on Catering Services in Indian Railways has highlighted several deficiencies in the quality of food and beverages available on trains and in railway stations, including highlighting issues relating to cleanliness and hygiene as well as the overall quality of food available.
The catering business also faces competition from private vendors who provide direct catering service on selected stations as per choice and having a very good quality of food.
Tour and Travel Business
The travel and tourism business of IRCTC contributes around 24% of the revenue. The revenue in the last 3 years has fallen owing to high competition in India.
Ticket Booking
This is the monopoly business of the IRCTC and contributes around 12% of the revenue. However, the revenue this segment has fallen in the last 3 years from 469 Cr to 233 Cr.
Packaged Drinking Water (Rail Neer)
Rail Neer packaged bottle business contributes 9% of the total revenue in FY19. The packaged drinking water services severe face competition from unorganized traditional food and beverage vendors primarily comprising eateries, hawkers and street stalls, which may be able to offer food and beverages at cheaper prices as compared to us.
So we can conclude that IRCTC business if not managed properly can give a headache to its shareholders in the long run. Moreover, railways privatization which is on the agenda of Govt. will be a booster for IRCTC.
(i) IRCTC has one joint venture, RIRTL with Cox & Kings Limited.
(ii) However, on account of ongoing litigation with Cox & Kings Limited, the IRCTC have not given consolidated financial statements of RIRTL in its financial statements since the Fiscal year 2010 –11
(iii) Further, Cox & Kings Limited has initiated 2 arbitration proceedings dated November 09, 2011 and July 26, 2012, against RIRTL; one pertaining to the joint venture agreement dated December 10, 2008, and the other pertaining to the articles of association of RIRTL
(i) Total Share offered= 20,160,000
(ii) Employee Reservation = 160,000
(iii) Total for Public= 20,000,000
Irctc
Appli : 500
Prm : 80-90
Sub to : 1800
Premium-75
Is it worth to take a call on irctc ipo ?
Will update the same shortly. It is the much-awaited IPO from Railway.