IRCTC IPO Details

IRCTC IPOIRCTC 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 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 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: [email protected]
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: [email protected]
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)

36 COMMENTS

  1. Maths for this IPO is so simple.

    Issue size – 600 crore
    Shares – 2 crore
    Price – 300/-
    EPS – 17.04
    PE ratio – 17.6

    It should be blind invest for everyone in the family

  2. 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

  3. 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.

    • 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.

  4. 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

  5. Have patience fellow investors! IRCTC was subscribed so much so it will obviously take more time to finalize allotment.

  6. Now I wonder what should I do on Monday. Does it make sense to sell on listing or should I hold for longer term?

    Experienced investors pls guide.

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