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

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.

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

Issue Open	Sep 30, 2019 - Oct 3, 2019
Issue Type	Book Built Issue IPO
Issue Size	20,160,000 Eq Shares of ₹10 (aggregating up to ₹645.12 Cr)
Offer for Sale	20,160,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Face Value	₹10 Per Equity Share
Issue Price	₹315 - ₹320 Per Equity Share
Retail Discount	₹10
Employee Discount	₹10
Market Lot	40 Shares
Min Order Quantity	40 Shares
Listing At	BSE, NSE

IRCTC IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 30, 2019
Bid/Offer Closes On	Oct 3, 2019
Finalisation of Basis of Allotment	Oct 9, 2019
Initiation of Refunds	Oct 10, 2019
Credit of Shares to Demat Acct	Oct 11, 2019
IPO Shares Listing Date	Oct 14, 2019

IRCTC IPO Lot Size and Price (Retail)

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 Subscription Status (Bidding Detail)

IRCTC IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Total
Shares Offered	10,000,000	3,000,000	7,000,000	160,000	20,160,000
Oct 3, 2019 18:49	108.79x	354.52x	14.83x	5.81x	111.91x

IRCTC IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

IRCTC IPO Rating

1568

4.3

Rating:

Vote Here ...

IRCTC IPO Listing Date

Listing Date	Monday, October 14, 2019
BSE Script Code	542830
NSE Symbol	IRCTC
Listing In	B
ISIN	INE335Y01012
Issue Price	₹320 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
₹320.00
₹644.00
₹625.00
₹743.80
₹728.60
5,440,273

NSE
₹320.00
₹626.00
₹625.00
₹743.80
₹727.75
45,270,607

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
   Alankit House 2E/21,
   Jhandewalan Extension,
   New Delhi - 110055

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

IRCTC IPO Lead Manager(s)

Lead Manager Reports

IRCTC IPO FAQs

1. What is IRCTC IPO?

IRCTC IPO is an main-board initial public offering of 20,160,000 equity shares of the face value of ₹10 aggregating up to ₹645.12 Crores.

The issue price of the IPO is ₹315 - ₹320 Per Equity Share. The minimum order quantity is 40 Shares per application and the offer type is Book Built Issue.

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.
2. When IRCTC IPO will open?

The IRCTC IPO opens on Sep 30, 2019 and closes on Oct 3, 2019.
3. How to apply for IRCTC IPO?

IRCTC IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When IRCTC IPO allotment?

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.
5. When is IRCTC IPO listing date?

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

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Find IRCTC IPO Latest Update

Useful Articles

IRCTC IPO Review / Comments

990. Rahul Popat Oct 18, 2019 23:49

1 |

Congratulation to all holder of shares for notional gain

Hope that this stock fire and break record of all psu stocks and never fall and if fall buying will come in huge

I sold my lot on listing i book my profit now profit for others👍

989. Santhosh Kumar P Oct 18, 2019 22:14

I've already sent an email to Alankit and yet to get the response from them.

988. Santhosh Kumar P Oct 18, 2019 20:20

Hi Admin,
Recently I've applied the IRCTC IPO through UPI. Amount still blocked and I didn't get any allotment.
Kindly suggest me

988.1. AnkurGoel Oct 18, 2019 22:12

IPO Mentor (900+ Posts, 800+ Likes)

Write email to alankit and to your bank manager to unblock the fund.

987. Lahari Oct 18, 2019 17:49

Top Contributor (300+ Posts, 300+ Likes)

Hi Admin

UPI is mandatory for applying IPO for retail investors?. I have applied 5 different demats from a single bank ASBA account. But did not get any allotment. Is this is because of new UPI rules.

987.1. AnkurGoel Oct 18, 2019 22:11

IPO Mentor (900+ Posts, 800+ Likes)

It's because of oversubscription not due to new rules.

986. Chem cho Oct 18, 2019 14:45

1 |

IPO Guru (1800+ Posts, 1600+ Likes)

Happy Markets ,

Today last day to trade to get money , by wednesday to spend for Diwali

Happy Diwali

986.1. sonal patel Oct 18, 2019 17:47

Top Contributor (300+ Posts, 1400+ Likes)

Happy DIWALI sir ji

985. RAJAKUMAR Oct 18, 2019 13:19

IPO Guru (1100+ Posts, 700+ Likes)

Dear MAPatel
No. You can buy till DRHP FILLED. So you can buy now.. So for DRHP NOT FILED. DRHP filling date they fix record date.

985.1. MAPatel Oct 18, 2019 15:04

Ok sir, but i heard that for shareholder category, it must be bought before 31st mart, 2019

985.2. sonal patel Oct 18, 2019 17:46

Top Contributor (300+ Posts, 1400+ Likes)

Where you heard..
Any details

984. Eagleye Oct 16, 2019 14:18

12 |

IPO Guru (4800+ Posts, 15800+ Likes)

Unlisted Shares

PreIPO Bhav:

HDB Fin 1025 +/- 5
CSB 172 +/- 2
CSK 29 +/- 0.50
Reliance Retail 610 +/- 10

Load more comments (3 replies)

984.4. RAJAKUMAR Oct 17, 2019 00:16

IPO Guru (1100+ Posts, 700+ Likes)

Dear Eagle
Reliance Retail will take long time for coming ipo.It is too early.
Any idea reg when HDB filling DRHP

984.5. MAPatel Oct 18, 2019 12:23

i heard that, only those shareholders of HDFC Bank is eligible for shareholder category for HDF Finance IPO who have bought HDFC Bank shares till 31-03-2019.
but someone said that it is allowed upto filed DRPH.

Please confirm that what is true one ?

983. harit Oct 6, 2019 13:12

4 |

IPO Guru (1100+ Posts, 1700+ Likes)

This becomes dmart of PSUs
For sure
Give 2-3 years and will see price 1500 up

Load more comments (13 replies)

983.1. Pradip IPO Oct 6, 2019 13:35

Noted Harit Ji.. :-)

Btw latest Kostak rate & expected listing rate if any..

983.2. 👉 IPO Janadesh 💃 Oct 6, 2019 13:45

1 |

IPO Mentor (700+ Posts, 1600+ Likes)

what would be the P/E at 1500 ?
current eps of this PSU is near 15.

983.3. Aniketiaf Oct 6, 2019 13:57

7 |

IPO Mentor (900+ Posts, 5100+ Likes)

After 3 years, It's rate will be below the highest rate achieved on listing day.

983.4. harit Oct 6, 2019 15:29

1 |

IPO Guru (1100+ Posts, 1700+ Likes)

Okay
Railways is monopoly of govt.
IRCTC has monopoly in railways passengers revenue
Online ticketing is growing not just reserved but URT also
Catering onboard is under IRCTC
Whole trains are given them to run, tourism (less discussed) business is a profitable arm,
+10 RS con.charge make it more
Attractive to me
Now some raising about P/E,eps etc
Monopoly business can't be seen on that basis alone,
Who believed dmart,hdfc AMC,Dixon,will give us 2-3 fold returns?
Costly stocks are getting costlier,
I was reading about this ipo in some microblog sites and according to them govt.missed opportunity to fix priceband of this ipo(they believe it should be much higher)for obviously above reasons
Have a nice day
Thanks

983.5. Pradip IPO Oct 6, 2019 15:48

3 |

Aniket Sir..

Kesa ho aap ?

Btw aap " Indian Air Force " ma ho kya ? 😅😅

" IAF "

983.6. 👉 IPO Janadesh 💃 Oct 6, 2019 15:50

2 |

IPO Mentor (700+ Posts, 1600+ Likes)

Coal India enjoyed monopoly till now before 100 % FDI in coal mining sector.
GIC RE enjoyed monopoly for reinsurance.
HAL , BDL & many more PSUs which enjoyed monopoly.Investors kept distance from all monopolies of PSUs.
DMart HDFC are known for their promotors' reputation and transparency in management.

983.7. Pradip IPO Oct 6, 2019 15:51

4 |

Btw Aniket Ji, aap kitna price par listing expect kar rahe ho ?

And if allotted, what will be the best price to sell the shares.. :-)

Is it either at pre open price or at some price later.. :-)

983.8. Aniketiaf Oct 6, 2019 15:51

8 |

IPO Mentor (900+ Posts, 5100+ Likes)

@ harit,
Who believed dmart,hdfc AMC,Dixon,will give us 2-3 fold returns? ....

I believed, ( Except Dixon)
Not only believed, but also mentioned many times before listing day on chittorgarh itself. That's why I purchased 100 shares of Hdfc AMC @ about 1800 just after listing.
Regarding Irctc,
In brief,
Keep one thing always in mind...
It's PSU.
Regards..
Happy Navratri.

983.9. Aniketiaf Oct 6, 2019 16:04

7 |

IPO Mentor (900+ Posts, 5100+ Likes)

@ Pradip IPO ,
It should list below/about 500.
Any rate about 550 will be the best price for me to leave this share.
(It's my personal opinion, shouldn't be treated like expert's view.)
Thanks.

983.10. amit K singh Oct 6, 2019 18:53

1 |

If it's not a PSU, surely it would have potential to cross 1500rs in 2 to 3 years time. But the white elephants do want their share. this will apply brake on share price upwards movement.

983.11. Pradip IPO Oct 7, 2019 00:02

3 |

Alright..

Thank You Aniket Ji for your kind comment.

Btw one last query, if it lists at 500..

So what stop loss we can kept in this share ?

983.12. harit Oct 14, 2019 13:19

1 |

IPO Guru (1100+ Posts, 1700+ Likes)

This is dmart of PSUs indeed

983.13. Anurup Oct 17, 2019 12:38

2 |

Lagta hai Aniketiaf sir ne Sahi kaha tha.....
IRCTC ne listing k din hi apna peak dekh liya tha.

983.14. Mr. Singh Oct 17, 2019 18:23

No. Peak abhi aana baki hai. There was profit booking after huge listing.

983.15. harit Oct 18, 2019 11:18

2 |

IPO Guru (1100+ Posts, 1700+ Likes)

Today's high is 790.00
This is fresh buying
I still believe it will rise up to 1500 in 2-3 years
50 spl.trains and 150 stations (rly) will be allotted to IRCTC for operations and modernizations in next 6-12 months
IRCTC will be treated as SPV(special purpose vehicle)
To privatize railways
Also
E-ticket will be mandatory for premium trains like,VB,DURANTOs,HUMSAFAR,and others
Altogether makes this company look very attractive to me
(My personal views)

982. Rahul Wgl Oct 17, 2019 08:15

1 |

Thank You Dear @Rahul Popat, Didnt knew then, that I could invest in NII category. Suppose that I could afford to invest Rs. 300000/- , what could have been my chances of allotment..?, and in cases like IRCTC which is hugely over-subscribed; what would have decided the allotment.
Kindly explain a bit.

982.1. Rahul Popat Oct 17, 2019 23:42

1 |

Easy calculation
U apply amount divided by hni category subscription..that amount share u received...its too small....

For small investor its advisable apply only one lot

If u apply 3lakh and hni subscrption 300 times

U received 3000 rs share means its too less....

So better to apply only for one lot in over subscription and under subscription u can apply more lot....but under subscription share are....u know that why its under subscribe.

Always apply one lot only

982.2. Team Chittorgarh.com Oct 18, 2019 09:45

1 |

Dear Mr. Rahul Wgl,

1. Pls read the below faq to understand the investor types:

https://www.chittorgarh.com/faq/difference_between_retail_nii_and_qib_investor/13/

2. For investment in NII, almost all investors use IPO funding. You can read about it at:
https://www.chittorgarh.com/article/ipo-funding-in-india-explaned-ipo-loan-process/205/

3. Unlike RII, the allotment in NII is on a proportionate basis. Please check some of the Basis of Allotment document to understand how shares are allocated in the NII category.

https://www.chittorgarh.com/report/ipo_basis_of_allotment_list/7/

Please feel free to ask any further questions you may have.

Thank you,

Chittorgarh.com Admins

981. A g pujari Oct 17, 2019 19:56

I have a demat account in the sole name of my Grand daughter. SB Account is also opened in her sole name with father as her natural guardian with internet Banking facility. When we tried to apply IPO in her name, SBI did not permit blocking of application money (as SBI does not give transaction rights to minor accounts). Any one having practical knowledge of other Public sector Banks where they permit minor's IPO application and block the application money also?

981.1. AnkurGoel Oct 17, 2019 20:59

IPO Mentor (900+ Posts, 800+ Likes)

Ask sbi to give transaction right otherwise apply IPO from your saving account using her demat account. All PSU banks support asba for other demat accounts.

980. AnkurGoel Oct 17, 2019 11:04

IPO Mentor (900+ Posts, 800+ Likes)

Any well known broker who deals in unlisted shares.

980.1. Quality Comment Oct 17, 2019 12:22

There are many available online. But having some trust issue. If you found then let me know. I have get one but I am not sure should I deal with him or not.

980.2. AnkurGoel Oct 17, 2019 12:25

IPO Mentor (900+ Posts, 800+ Likes)

Trust is always issue until you will not find any good broker.

979. Rahul Wgl Oct 16, 2019 14:43

Applied for IRCTC IPO, but could not get any allotment, Rs. 99200/- still in blocked phase by the bank (ANDHRA BANK). When can I expect the amount to get credited to my account, or Should I approach Banking Ombudsman for a Faster processing of my amount. Mailed both ALANKIT and ANDHRA bank regarding the same; ALANKIT did give a reponse saying that, they have already instructed the concerned banks and I may approach the BANK for further information. Kindly Suggest..

Load more comments (3 replies)

979.4. Rahul Wgl Oct 16, 2019 22:49

Applied for 320 Shares (8 lots).. @Rahul Popat

979.5. Rahul Popat Oct 17, 2019 07:50

1 |

Ok
Contact your branch
And no logic to apply more than one lot in rii over subscription....
Then apply for more than 2 lakh so you can get shares in proportion of hni category.

Consider next time

978. RAJAKUMAR Oct 15, 2019 23:23

1 |

IPO Guru (1100+ Posts, 700+ Likes)

HDB MAY FILE DRHP AFTER DEEPAVALI

978.1. KING VINOD Oct 16, 2019 12:38

IPO Guru (1100+ Posts, 2200+ Likes)

Yes Correct. Mostly HDB may file DRHP by this year end

978.2. RAJAKUMAR Oct 17, 2019 00:11

IPO Guru (1100+ Posts, 700+ Likes)

Dear King
Pre ipo done. So it may file DRHP any time.

977. RAJAKUMAR Oct 17, 2019 00:09

IPO Guru (1100+ Posts, 700+ Likes)

Dear mkslko
You can buy now. You are eligible. Because in DRHP it stated RHP date is record date. After getting permission from sebi one company file RHP before making public issue.

976. sha dows Oct 16, 2019 22:04

I heard, IRCTC is going to issue Bonus shares and Stock split in next two months? Is it true?

975. sha dows Oct 16, 2019 22:03

I hea

974. R R Patel Oct 15, 2019 18:10

2 |

IPO Mentor (700+ Posts, 3100+ Likes)

@Darpan Bilandi

any person eligible under share holder quota can apply in both category i.e. Retail as well as Share Holder Quota but total amount must be less than 2 lakh (max. limit for retailers). In this case two applications will be submitted separately from single account i.e. one for shareholder quota and other for retail quota.

Load more comments (10 replies)

974.11. Rajas Oct 16, 2019 19:32

Pls confirm eligibility criteria for shareholder quota.how much share of HDFC bank we must have for applying in shareholder quota

974.12. amit K singh Oct 16, 2019 19:48

1 |

At least 1 hdfc bank share should be there by the cutoff date as per drhp. As drhp is not yet filed, cut off date is not known. But generally, Cutoff date is the drhp filing date. So if you are already having hdfc bank share, you should be eligible.

973. Darpan Bilandi Oct 15, 2019 12:41

Experts please suggest if i purchase HDFC Bank shares today in 7-8 accounts
is that eligible for Share Holder Quota if any for HDB

Load more comments (10 replies)

973.11. Johny Oct 16, 2019 19:11

2 |

Top Contributor (300+ Posts, 300+ Likes)

Also there was no shareholder quota in Icici Pru Life IPO

973.12. Indy Oct 16, 2019 19:26

1 |

It all depends if the company fixes the record date after your purchase eg you purchase on 16/10 and record date is fixed say 17/10 you r eligible and if company declares record date 15/10 then you are not eligible for consideration

972. AnkurGoel Oct 16, 2019 12:44

2 |

IPO Mentor (900+ Posts, 800+ Likes)

Ujjivan small finance bank IPO will be next good ipo. DRHP already filed. May get approval by November and IPO may be by year end or early next year.

972.1. mkslko Oct 16, 2019 14:41

2 |

Can I bought 1 share of ujjivan finance to apply share holder category

971. Rahul Popat Oct 15, 2019 08:34

3 |

HDB IPO - Issue Details:
Issuer      HDFC BANK
Issue Type      100% Book Built Issue IPO
Issue Period      Issue Opens: 2019
Issue Closes: 2019
Price Brand      Rs.- 1100 - 1200 per Equity Share (Expected)
Issue Size      Rs.10000* Crores
Face Value      Rs.10 per Equity Share
Bit Lot      X Equity Shares and in multiples thereof
Maximum Bid amount for Retail      Rs. 2 Lakhs
QIB      50% of the issue size
NIB      15% of the issue size
Retail Individual Bidders      35% of the issue size
Employee Reservation      X Equity Shares (Rs. - Crs)
Employee Discount      Rs.- per Equity Share
Listing      NSE & BSE
Registrar      Karvy Fintech Private Limited
Book Running Lead Managers      Bank of America Merrill Lynch and Morgan Stanley
Grey Market Price      HDB Finance IPO Grey Market Premium

Load more comments (8 replies)

971.9. Sushil kb Oct 15, 2019 15:50

If info is true then chill guys 10000cr huge amount retail will get easily, there won't be huge oversubscription

971.10. Rahul Popat Oct 15, 2019 23:31

1 |

Dear admin

No confirm details its rumors in market and other site and listen

If its misleading then please delete my msg

https://www.google.com/amp/s/www.moneycontrol.com/news/business/hdb-fin-valued-at-rs-80000-cr-in-grey-market-amid-hopes-of-an-early-ipo-report-4148111.html/amp

Name		Phone
Email		City
State
Are you a day trader?

IRCTC Limited IPO (IRCTC IPO) Detail

Company Promoters:

Company Financials:

Objects of the Issue:

IRCTC IPO Details

IRCTC IPO Tentative Date / Timetable

IRCTC IPO Lot Size and Price (Retail)

IRCTC IPO Promoter Holding

UPI or ASBA Applications

IRCTC IPO Subscription Status (Bidding Detail)

IRCTC IPO Prospectus

IRCTC IPO Rating

IRCTC IPO Listing Date

Listing Day Trading Information

IRCTC IPO Reviews / Ratings

Company Contact Information

IRCTC IPO Registrar

IRCTC IPO Lead Manager(s)

IRCTC IPO FAQs

1. What is IRCTC IPO?

2. When IRCTC IPO will open?

3. How to apply for IRCTC IPO?

4. When IRCTC IPO allotment?

5. When is IRCTC IPO listing date?

Find IRCTC IPO Latest Update

IRCTC IPO Review / Comments