Incorporated in 1999, state-owned Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a wholly-owned subsidiary of Indian Railways. IRCTC handles tourism, catering, online ticket booking services and provides packaged drinking water in trains and at railway stations in the country. It was conferred as a Mini-Ratna or Category-I Public Sector Enterprise by the Indian Government in 2008.
The company website (www.irctc.co.in) is one of the most transacted websites in the Asia-Pacific region. As on 31st Aug 2019, around 1.40 million travelled on Indian Railways and more than 0.84 million passengers booked ticket online through the IRCTC website and mobile app on a daily basis. In the last three months ended on 30th June, nearly 15 to 18 million transactions were placed per month through the website.
IRCTC launched i-Pay payment gateway to manage domestic debit/credit transactions in October 2018. The company is working on technical capabilities and operational utility of the gateway to use it in additional market segments.
IRCTC also provides non-railway services including budget hotels, e-catering and executive lounges to create a one-stop solution for customers. Currently, the company operates majorly in four segments which are:
- Travel and Tourism
- Internet Ticketing
- Packaged Drinking Water
- Catering Services
Competitive Strengths
- An authorized service provider by Indian Railways
- Railway and non-railway tourism and hospitality services
- Exclusively authorized by Indian Railways to provide packaged drinking water
- A strong operating system across different segments.
IRCTC IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹315 to ₹320 per equity share |
| Market Lot | 40 Shares |
| Min Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542830 |
| NSE Symbol | IRCTC |
| ISIN | INE335Y01012 |
| Issue Size | Aggregating up to ₹645.12 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
IRCTC IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 30-Sep-19 |
| IPO Close Date | 3-Oct-19 |
| Basis of Allotment Date | 9-Oct-19 |
| IPO Listing Date | 14-Oct-19 |
IRCTC IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 40 | ₹12,800 |
| Maximum | 15 | 600 | ₹192,000 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For IRCTC
Company Financials:
| PARTICULAR | 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 |
| Profit After Tax | 2,725.95 | 2,206.19 | 2,290.81 |
Company Promoters:
The President of India acting through the Ministry of Railways is the promoter of the company.
Objects of the Issue:
The objects of the Offer are:
- To carry out the disinvestment of Equity Shares by the Selling Shareholder constituting Company’s paid up Equity Share capital; and
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Registrar &Company Details
| Company Contact Information | IRCTC IPO Registrar |
| IRCTC Limited 11th Floor, B – 148, Statesman House, Barakhamba Road, New Delhi – 110 001, India Phone: +91 11 2331 1263 / 64 Email: ipo@irctc.com Website: http://www.irctc.com/ | Alankit Assignments Ltd Alankit House 2E/21, Jhandewalan Extension, New Delhi – 110055 Phone: (011) 4254 1234 Email: kamalarora@alankit.com Website: https://www.alankit.com/ |
