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IRCTC Limited IPO (IRCTC IPO) Detail

Sep 30, 2019 - Oct 3, 2019

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:

1. Travel and Tourism
IRCTC is specialised in rail tourism. It offers travel and tourism services across diversified segments such as air, land, rail, & cruise tour packages, hotel bookings and air ticket bookings.

2. Packaged Drinking Water
It is an authorized manufacturer and distributor of packaged drinking water on trains and at railway stations. The company manufactures packaged drinking water under brand name Rail Neer.

3. Catering Services
The company provides food catering services including on-board catering (through mobile) on trains and static catering services at stations.

4. Internet Ticketing
IRCTC has a mobile app (Rail Connect) and a dedicated website to offer online railway ticket booking facility.

Competitive Strengths

  1. An authorized service provider by Indian Railways
  2. Railway and non-railway tourism and hospitality services
  3. Exclusively authorized by Indian Railways to provide packaged drinking water
  4. A strong operating system across different segments.

Company Promoters:

The President of India acting through the Ministry of Railways is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. 10 Lakhs)
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

Objects of the Issue:

The objects of the Offer are:

1. To carry out the disinvestment of Equity Shares by the Selling Shareholder constituting Company's paid up Equity Share capital; and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

IRCTC IPO Details

IPO Opening Date Sep 30, 2019
IPO Closing Date Oct 3, 2019
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
Issue Size20,160,000 Eq Shares of ₹10
(aggregating up to ₹645.12 Cr)
Offer for Sale20,160,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Retail Discount ?10
Employee Discount ?10

IRCTC IPO Tentative Timetable

The IRCTC IPO open date is Sep 30, 2019, and the close date is Oct 3, 2019. The issue may list on Oct 14, 2019.

IPO Open Date Sep 30, 2019
IPO Close Date Oct 3, 2019
Basis of Allotment Date Oct 9, 2019
Initiation of Refunds Oct 10, 2019
Credit of Shares to Demat Account Oct 11, 2019
IPO Listing Date Oct 14, 2019

IRCTC IPO Lot Size

The IRCTC IPO market lot size is 40 shares. A retail-individual investor can apply for up to 15 lots (600 shares or ₹192,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 40 ₹12,800
Maximum 15 600 ₹192,000

IRCTC IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 87.40%

UPI or ASBA Applications

As per the RHP Page No 308 this offer is under Phase II of UPI.

IPO UPI Phase II Definition: This phase has commenced with effect from July 1, 2019 and will continue for a period of three months or floating of five main board public issues, whichever is later.

Under this phase, submission of the ASBA Form by a Retail Individual Bidder through intermediaries to SCSBs for blocking of funds has been discontinued and has been replaced by the UPI Mechanism. However, the time duration from public issue closure to listing continues to be six Working Days during this phase.

IRCTC IPO Review

The company enjoys virtual monopolistic business that is poised for bright prospects going forward. Although issue appears fully priced on the basis of financial parameters, investors may consider investment for medium to long term as the company is poised to create fancy being the first mover in the segment. (Subscribe). Read detail review...

IRCTC IPO Subscription Status (Bidding Detail)

The IRCTC IPO is subscribed 111.91 times on 10/3/2019 6:49:03 PM. The public issue subscribed 14.83 times in the retail category, 108.79 times in the QIB category, and 354.52 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB108.79
NII354.52
Retail14.83
Employee5.81
Total111.91

IRCTC IPO Prospectus

IRCTC IPO Rating

1568
4.3
Rating:Rated 4.3 stars
Vote Here ...

IRCTC IPO Listing Date

Listing Date Monday, October 14, 2019
BSE Script Code 542830
NSE Symbol IRCTC
Listing In B Group of Securities
ISIN INE335Y01012
IPO Price ₹320 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹320.00
₹644.00
₹625.00
₹743.80
₹728.60
NSE
₹320.00
₹626.00
₹625.00
₹743.80
₹727.75

Company Contact Information

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/

IRCTC IPO Registrar

Alankit Assignments Ltd

Phone: (011) 4254 1234
Email: kamalarora@alankit.com
Website: https://www.alankit.com/

IRCTC IPO FAQs

IRCTC IPO is a main-board IPO of 20,160,000 equity shares of the face value of ₹10 aggregating up to ₹645.12 Crores. The issue is priced at ₹315 to ₹320 per equity share. The minimum order quantity is 40 Shares.

The IPO opens on Sep 30, 2019, and closes on Oct 3, 2019.

Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The IRCTC IPO opens on Sep 30, 2019 and closes on Oct 3, 2019.

IRCTC IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.

You can apply in IRCTC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for IRCTC IPO will be done on Oct 9, 2019, and the allotted shares will be credited to your demat account by Oct 11, 2019. Check the IRCTC IPO allotment status.

The IRCTC IPO listing date is on Monday, October 14, 2019.

IRCTC IPO Message Board

Ranked Members  Ranked Members

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2106 Comments

1042. MS ASSOCIATE |Dec 29, 2019 7:23:09 PM
Hold For long term
1041. Manoj yadav |Dec 26, 2019 10:27:05 PM
It seems a best in Industry
1040. snm |Dec 10, 2019 7:34:24 PM
jeniun
1039. Citizen |Dec 10, 2019 10:33:18 AM
I also could see SBI bank still amount is blocked, any news from this bank will be useful.
1038. Aniketiaf |Nov 15, 2019 8:17:13 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Railway board to hike meal prices on Rajdhani, Shatabdi, Duronto trains - https://m.hindustantimes.com/india-news/rail-board-to-hike-meal-prices-on-rajdhani-shatabdi-duronto-trains/story-TaOHGO3I8ziQ5tR4Xy1evN.html
1038.1. amit K singh |Nov 22, 2019 10:29:37 AM
IPO Mentor IPO Mentor (700+ Posts, 1300+ Likes)
Will it benefit irctc?
1038.2. Aniketiaf |Nov 22, 2019 10:38:59 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Definitely
1037. Aniketiaf |Nov 15, 2019 8:32:10 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
SBI board approved divestment of the bank's stake in SBI Cards up to 4% through initial public offering (IPO) by way of offer for sale of up to 3.73 crore shares.
1036. RAJAKUMAR |Nov 12, 2019 11:38:48 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Ipo jaanadesh
Bajaj Energy is promoted by Bajaj Power Ventures Shishir Bajaj, Minakshi Bajaj, Kushagra Bajaj
There is no shareholder quota
1035. Anil r rudani |Nov 12, 2019 3:24:33 PM
Today prise
1034. sonal patel |Nov 12, 2019 7:20:26 AM
IPO Guru IPO Guru (1100+ Posts, 4700+ Likes)
Not January 2019 ,,it's January 2020
1033. Darpan Bilandi |Nov 6, 2019 1:08:33 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
*#IPO s worth Rs 30,000 crore in the pipeline, including those of*

????SBI Cards,
????CSB Bank,
????IREDA,
????Bajaj Energy,
????UTI Asset Management,
????HDB Financial,
????Equitas Small Finance Bank and
????Ujjivan SFB

Don't miss opportunities
1033.7. phrao |Nov 8, 2019 8:50:37 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Great
All DRHP filed or not?

Give me DRHP not filed mother company name
1033.8. bcskal |Nov 11, 2019 4:05:26 PM
Also the IPO of RAILTEL(part of INDIAN RAILWAYS) is going to hit the markets before JANUARY 2019. With best regards.
1032. Aniketiaf |Nov 11, 2019 8:49:32 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
Tejas Express run by IRCTC made a profit of around 70 Lakh and added a revenue of 3.7 Crore till the month of October.
1032.1. harit |Nov 11, 2019 9:58:13 AM
IPO Guru IPO Guru (1800+ Posts, 3100+ Likes)
Still believe that it will not go up to 1500 in next 3 years?
Still thinking that this is a PSU afterall?
1031. GargN |Nov 8, 2019 6:53:17 PM
HDB finance IPO tentative month?
1031.1. amit K singh |Nov 9, 2019 9:48:15 AM
IPO Mentor IPO Mentor (700+ Posts, 1300+ Likes)
Mar 2020.
1030. sonal patel |Nov 7, 2019 6:52:23 PM
IPO Guru IPO Guru (1100+ Posts, 4700+ Likes)
Csb bank ipo may be open on 19 th November..
1029. GargN |Nov 7, 2019 1:54:59 PM
CSB Bank new page opened
1028. RAJAKUMAR |Nov 6, 2019 10:17:41 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear King
Yes talking Ujjivan. Retail 10% quota. DRHP filed and got sebi permission.
1028.1. Medge |Nov 6, 2019 12:21:38 PM
IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
DRHF link
https://listing.bseindia.com/download/11423/IPO/Ujjivan%20Small%20Finance%20Bank%20Limited%20-%20DRHP_20190819122726.pdf
1027. RAJAKUMAR |Nov 6, 2019 10:21:54 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Very tough allotment for retail for Burger
1026. RAJAKUMAR |Nov 6, 2019 10:20:59 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Burger King also Retail quota 10%
1025. Sumit fatehchandani |Nov 5, 2019 11:29:13 AM
BURGER KING IPO KAB ARAHA HAI ANY IDEA????
1025.1. sonal patel |Nov 5, 2019 4:18:29 PM
IPO Guru IPO Guru (1100+ Posts, 4700+ Likes)
4th quarter
January to March 2020
1025.2. Aniketiaf |Nov 5, 2019 4:28:57 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
All you want to know about Burger King's Rs 1,000-crore IPO https://www.rediff.com/business/report/all-about-burger-kings-rs-1000-crore-ipo/20191104.htm
1024. Ksk jsg |Nov 4, 2019 11:51:28 PM
If any one has ny idea for how to apply in saudi aramco ipo for indian investors than pls share.....
1023. Rahul Popat |Nov 3, 2019 10:40:36 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Dear admin

Can u guid me how to sell shares in auction??

In sharekhan
1023.1. Rahul Popat |Nov 4, 2019 6:18:40 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Dear admin

I am waiting for your reply