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IRCTC Limited IPO

IRCTC Limited IPO

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Listed Price: ₹ 644.00 (+101.25%)

The Initial Public Offering of IRCTC Limited's culminated in its successful listing on 14-10-2019 at the NSE, BSE trading platform. The company secured 2,01,60,000 Shares through this capital market exercise, withTBD allocated to new capital formation.

Investors participated within the price parameters of ₹315 to ₹320, with minimum investment requirements of 40 shares. The subscription period from 30-09-2019 to 03-10-2019 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on 10-10-2019. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

IRCTC Limited IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Company Financials ( in Lakhs )

IRCTC Limited IPO About Company

Indian Railway Catering and Tourism Corporation Limited (IRCTC), established in 1999, is a government-owned company and a fully-owned subsidiary of Indian Railways. It is responsible for managing catering, tourism, online ticketing, and the supply of packaged drinking water on trains and at railway stations across India. In 2008, it was recognized as a Mini-Ratna (Category-I) Public Sector Enterprise by the Government of India. IRCTC’s official website, www.irctc.co.in, is one of the most visited websites in the Asia-Pacific region. As of August 31, 2019, around 1.40 million people traveled daily on Indian Railways, with over 840,000 passengers booking tickets online through IRCTC’s website and mobile app. Between April and June, the platform handled approximately 15 to 18 million transactions per month. In October 2018, IRCTC introduced i-Pay, its own payment gateway, to manage domestic debit and credit card transactions, with plans to expand its use in other sectors. The company also offers non-railway services like budget hotels, e-catering, and executive lounges to enhance customer convenience. IRCTC mainly operates in four key areas: travel and tourism, packaged drinking water, catering services, and internet ticketing. It provides tour packages by rail, road, air, and cruise, along with hotel and flight bookings. It also manufactures and supplies bottled water under the Rail Neer brand, offers onboard and station-based catering, and facilitates online ticket booking through its website and Rail Connect mobile app.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

IRCTC Limited IPO Strength Factors

  1. Authorized service provider for Indian Railways
  2. Offers tourism and hospitality services for both railway and non-railway sectors
  3. Has exclusive rights to supply packaged drinking water for Indian Railways
  4. Runs a strong and efficient operating system across various segments

IRCTC Limited IPO Risk Factors

NA

IRCTC Limited IPO Lead Manager(s)

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

IRCTC Limited IPO Promoter(s)

The President of India acting through the Ministry of Railways

IRCTC Limited IPO Company Details

IRCTC Limited
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IRCTC Limited IPO Registrar

Alankit Assignments Limited
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IRCTC Limited IPO FAQs