IRCTC IPO – Dates, Price, Live Subscription, Reviews

About IRCTC Railway IPO: IRCTC IPO, the railways’ tourism and catering arm, could get listed as early as this financial year. The centre on Thursday filed IRCTC’s draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi).

Market sources say the government plans to offload around 12 per cent stake through the IPO. The share sale could fetch between Rs 500 crore and Rs 600 crore and help the government with its disinvestment target. The railways’ tourism and catering arm plans to offload about two crore equity shares of the face value of Rs 10 each through an offer for sale by the government.

IRCTC is the only entity authorized by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India, according to the draft red herring prospectus (DRHP). The CPSE has also diversified into other business segments like e-catering, executive lounges and budget hotels.

Though the listing of IRCTC IPO was planned earlier, it was postponed due to the waiver of service charge on e-ticketing by the government, after demonetization, that wiped out Rs 500 crore in annual revenue for IRCTC IPO. Later, the finance ministry had partially reimbursed this.

IRCTC IPO Dates Prices Reviews

Objects of the IRCTC IPO (Issue):-

The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:

  1. Authorized by the Ministry of Railways to offer tickets of Indian Railways online
  2. An Authorized catering service provider to passengers traveling by Indian Railways
  3. Comprehensive tourism and hospitality service provider in India
  4. Exclusively authorized for manufacturing and supplying packaged drinking water at railway station and trains
  5. Robust operating system and internal control
  6. Qualified and experienced employees and management team
Issue Open October 03, 2019, October 9,2019
Issue Type  Book Built Issue IPO
Issue Size (Value) 17,582,000 Equity Shares of Rs. 10 (aggregating up to Rs. 600* Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 133-138 Per Equity Share
Market lots  115 Shares
Minimum Order Quantity  115 Shares
Listing At BSE, NSE

IRCTC IPO Financial Summary

Amount (in INR & Millions)
31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 25,837.80 23,191.06 18,264.54
Total Revenue 19,566.60 15,695.60 16,028.50
Total Expense 15,266.97 12,239.27 12,477.82
Profit After Tax 2,725.95 2,206.19 2,290.81

Earnings per Equity Share (in millions)

31-Mar-2019 31 Mar 2018 31-Mar-2017 31 Mar 2016
Basic 17.04 13.79 14.32 5.293
Diluted 17.04 13.79 14.32 5.293

 From the above financial statements, one could clearly say that the railway’s subsidiary company has grown tremendously in the past few years.

 

IRCTC IPO Subscription Details Live

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)
Non Institutional Investors
Retail Individual Investors(RIIs)
Employees
Total

 

Download “IRCTC Railway” IPO Application Form

From BSE: click here

 

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
E-mail: kamalarora@alankit.com/
abhijitd@alankit.com

IRCTC IPO Lead Managers

  • IDBI Capital Market Services Limited
  • SBI Capital Markets Limited
  • Yes Securities (India) Limited

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