IRCTC IPO description – IRCTC Limited (Indian Railway Catering And Tourism Corporation Limited) 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. The company was conferred the status of Mini – ratna (Category-I Public Sector Enterprise) by the Government of India, on 1 May 2008.
The company 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. It operates one of the most transacted websites, www.irctc.co.in, in the Asia-Pacific region with transaction volume averaging 15 to 18 million transactions per month during the three months ended 30 June 2019.
The company operates in four business segments – (i) Internet Ticketing, (ii) Catering, (iii) Packaged Drinking Water under the “Rail Neer” brand, (iv) Travel And Tourism.
Promoters of IRCTC – The President of India acting through the Ministry of Railways, Government of India
| IRCTC IPO details | |
| Subscription Dates | 30 September – 3 October 2019 |
| Price Band | INR315 – 320 per share (retail & employee discount – INR10 per share) |
| Fresh issue | Nil |
| Offer For Sale | 20,160,000 shares (INR627.88 – 637.96 crore) |
| Total IPO size | 20,160,000 shares (INR627.88 – 637.96 crore) |
| Minimum bid (lot size) | 40 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| IRCTC’s consolidated financial performance (in INR crore) | |||
| FY2017 | FY2018 | FY2019 | |
| Revenue | 1,602.9 | 1,569.6 | 1,956.7 |
| Expenses | 1,247.8 | 1,223.9 | 1,526.7 |
| Net income | 231.1 | 224.8 | 272.9 |
| Net margin (%) | 14.4 | 14.3 | 13.9 |
More about IRCTC Limited
- IRCTC IPO Allotment: Here is how it works
- IRCTC IPO Review: Can you afford to miss this train?
- IRCTC IPO coming soon, here are 5 things you should know
IRCTC Contact Details
Indian Railway Catering and Tourism Corporation Limited
11th Floor, B – 148, Statesman House
Barakhamba Road
New Delhi – 110 001, Delhi Phone: +91 11 2331 1263
Email: ipo@irctc.com
Website: www.irctc.com
Registrar of IRCTC IPO
Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055 Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: irctcigr@alankit.com
Website: www.alankit.com
Valuation of IRCTC (as of FY2019)
Earnings Per Share (EPS): INR17.04
Price/Earnings (PE ratio): 18.48 – 18.77
Return on Net Worth (RONW): 26.14%
Net Asset Value (NAV): INR65.18 per share
IRCTC IPO Subscription Details
| Category | Shares offered | Subscription (no. of times,at 8 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 10,000,000 | 0.00 | 1.65 | 108.79 |
| NII | 3,000,000 | 0.21 | 1.73 | 354.51 |
| Retail | 7,000,000 | 2.22 | 6.21 | 14.90 |
| Employees | 160,000 | 1.14 | 2.64 | 5.84 |
| Total | 20,160,000 | 0.81 | 3.25 | 111.93 |
IRCTC IPO Analyst Reviews
Anand Rathi – Subscribe
Angel Broking – Subscribe
ICICIdirect – Subscribe
Cholamandalam Securities – Subscribe
Stewart & Mackertich – Subscribe
SMC Global – 3/5
IRCTC IPO Allotment Status
IRCTC Limited IPO allotment status is now available on Alankit Assignments’ website. Click on this link to get allotment status.
Listing Performance of IRCTC Limited
IPO Opening Date: 30 September 2019
IPO Closing Date: 3 October 2019
Finalisation of Basis of Allotment: 9 October 2019
Initiation of refunds: 10 October 2019
Transfer of shares to demat accounts: 11 October 2019
Listing Date: 14 October 2019
Opening Price on NSE: INR626 per share (up 101.9% from IPO price for retail investors)
Closing Price on NSE: INR727.75 per share (up 134.8% from IPO price for retail investors)
THIS IPO WILL ROCK
DEAR MEMBERS ,,,,,,,…,,.,,..,,.
IRCTC IPO, REAL TIME GMP, BROKER INFO, ALLOCATION, REVIEWS ETC. JOIN OUR WHATS % APP GROUP, JUST SEND YOUR NAME AND CITY ON OUR WHATS% APP NUMBER 9122 – 182 – 978
KINDLY DON’T CALL / DON’T SEND TEXT MSG, ONLY WHATS % APP ME TO ADD YOU WITH NAME AND CITY
NOW I AM MUCH ACTIVE ON WHATS % APP THAN ON WEB. JOIN FAST
I am interested in irctc ipo
Goblin India subject to rate is 6000 and GMP is 2000. Third luggage company after VIP and Safari going to list on the stock exchange. As per the news, one big investor of Safari is going to invest in a big chunck in the IPO of Goblin.
Retail investors can apply for 16 lots right 640 Shares?
Technically yes but there is no longer any benefit of going for large applications. You might find it helpful
https://ipocentral.in/5-tips-increase-ipo-allotment-chances/
Can we apply through ASBA or only UPI is allowed?
Hi Sanket, SEBI has not mandated ‘UPI only’ route as yet and many banks are still accepting applications through ASBA. HDFC Bank and SBI are among them as far as I know.
In any case, the direction is clear and UPI is the way to go. So while you can apply through ASBA, shift to ASBA as soon as possible.
Thank you.
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)
TO JOIN OUR WHATSAPP GROUP SEND “YOUR NAME AND CITY” ON OUR WHATSAPP NUMBER 9122-182-978. ONLY ON WHATSAPP
#EAGLEYE
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On SBI IRCTC IPO not getting after 2;00 pm. why?
My funds are still blocked. Ye IPO isbar laga de na bhagvan
Still website not updated. Those who received sms are lucky. Others wait for refund or de blocking is funds on 11th and wait for listing day and buy!!!
Allotment is out check
I got one lot, I have applied for 4 lots
Congratulations Venu. I have also got one lot so looking for a great listing!
I got 2 lot out of 2 lot applied
koi pucha tereko
mujhe transfer kar de mujhe pata hai kya karna chahiye…