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IRCTC Limited IPO (IRCTC IPO) Detail

September 30, 2019 - October 3, 2019

IRCTC IPO is a book built issue of Rs 645.12 crores. The issue is entirely an offer for sale of 2.02 crore shares.

IRCTC IPO bidding started from September 30, 2019 and ended on October 3, 2019. The allotment for IRCTC IPO was finalized on Wednesday, October 9, 2019. The shares got listed on BSE, NSE on October 14, 2019.

IRCTC IPO price band is set at ₹315 to ₹320 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹12,800.

The issue includes a reservation of up to 160,000 shares for employees offered at a discount of Rs 10 to the issue price.

Idbi Capital Market Services Limited, SBI Capital Markets Limited and Yes Securities (India) Limited are the book running lead managers of the IRCTC IPO, while Alankit Assignments Ltd is the registrar for the issue.

Refer to IRCTC IPO RHP for detailed information.

IRCTC IPO Details

IPO Date September 30, 2019 to October 3, 2019
Listing Date October 14, 2019
Face Value ₹10 per share
Price Band ₹315 to ₹320 per share
Lot Size 40 Shares
Total Issue Size20,160,000 shares
(aggregating up to ₹645.12 Cr)
Offer for Sale20,160,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Retail Discount Rs 10 per share
Employee Discount Rs 10 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IRCTC IPO Reservation

IRCTC IPO offers 20,160,000 shares. 10,000,000 (49.60%) to QIB, 3,000,000 (14.88%) to NII, 7,000,000 (34.72%) to RII, 160,000 (0.79%) to employees. 175,000 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 640 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered10,000,000 (49.60%)NA
NII (HNI) Shares Offered3,000,000 (14.88%)
Retail Shares Offered7,000,000 (34.72%)175,000
Employee Shares Offered160,000 (0.79%)NA
Total Shares Offered20,160,000 (100%)

IRCTC IPO Timeline (Tentative Schedule)

IRCTC IPO opens on September 30, 2019, and closes on October 3, 2019.

IPO Open Date Monday, September 30, 2019
IPO Close Date Thursday, October 3, 2019
Basis of Allotment Wednesday, October 9, 2019
Initiation of Refunds Thursday, October 10, 2019
Credit of Shares to Demat Friday, October 11, 2019
Listing Date Monday, October 14, 2019
Cut-off time for UPI mandate confirmation 5 PM on October 3, 2019

IRCTC IPO Lot Size

Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 40 ₹12,800
Retail (Max) 15 600 ₹192,000
Lot Size Calculator

IRCTC IPO Promoter Holding

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

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

About IRCTC Limited

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 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 (IRCTC IPO Objectives)

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 Review (Apply)

[Dilip Davda]  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 October 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

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 Prospectus

IRCTC IPO Rating

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

IRCTC IPO Listing Details

Listing Date October 14, 2019
BSE Script Code 542830
NSE Symbol IRCTC
ISIN INE335Y01012
Final Issue Price ₹320 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue 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

Check IPO Performance…

IRCTC Limited Contact Details

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: http://ipo.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 share. The minimum order quantity is 40 Shares.

The IPO opens on September 30, 2019, and closes on October 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 September 30, 2019 and closes on October 3, 2019.

IRCTC IPO lot size is 40 Shares, and the minimum amount required is ₹12,800.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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2106 Comments

1042. MS ASSOCIATE |   Link |  Bookmark |December 29, 2019 7:23:09 PM
Hold For long term
1041. Manoj yadav |   Link |  Bookmark |December 26, 2019 10:27:05 PM
It seems a best in Industry
1040. snm |   Link |  Bookmark |December 10, 2019 7:34:24 PM
jeniun
1039. Citizen |   Link |  Bookmark |December 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 |   Link |  Bookmark |November 15, 2019 8:17:13 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |November 22, 2019 10:29:37 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Will it benefit irctc?
1038.2. Aniketiaf |   Link |  Bookmark |November 22, 2019 10:38:59 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Definitely
1037. Aniketiaf |   Link |  Bookmark |November 15, 2019 8:32:10 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |November 12, 2019 11:38:48 PM (1400+ Posts, 1200+ 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 |   Link |  Bookmark |November 12, 2019 3:24:33 PM
Today prise
1034. sonal patel |   Link |  Bookmark |November 12, 2019 7:20:26 AM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Not January 2019 ,,it's January 2020
1033. Darpan Bilandi |   Link |  Bookmark |November 6, 2019 1:08:33 PM
Top Contributor Top Contributor (300+ Posts, 200+ 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 |   Link |  Bookmark |November 8, 2019 8:50:37 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Great
All DRHP filed or not?

Give me DRHP not filed mother company name
1033.8. bcskal |   Link |  Bookmark |November 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 |   Link |  Bookmark |November 11, 2019 8:49:32 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |November 11, 2019 9:58:13 AM
Still believe that it will not go up to 1500 in next 3 years?
Still thinking that this is a PSU afterall?
1031. GargN |   Link |  Bookmark |November 8, 2019 6:53:17 PM
HDB finance IPO tentative month?
1031.1. amit K singh |   Link |  Bookmark |November 9, 2019 9:48:15 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Mar 2020.
1030. sonal patel |   Link |  Bookmark |November 7, 2019 6:52:23 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Csb bank ipo may be open on 19 th November..
1029. GargN |   Link |  Bookmark |November 7, 2019 1:54:59 PM
CSB Bank new page opened
1028. RAJAKUMAR |   Link |  Bookmark |November 6, 2019 10:17:41 AM (1400+ Posts, 1200+ Likes)
Dear King
Yes talking Ujjivan. Retail 10% quota. DRHP filed and got sebi permission.
1028.1. Medge |   Link |  Bookmark |November 6, 2019 12:21:38 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
DRHF link
https://listing.bseindia.com/download/11423/IPO/Ujjivan%20Small%20Finance%20Bank%20Limited%20-%20DRHP_20190819122726.pdf
1027. RAJAKUMAR |   Link |  Bookmark |November 6, 2019 10:21:54 AM (1400+ Posts, 1200+ Likes)
Very tough allotment for retail for Burger
1026. RAJAKUMAR |   Link |  Bookmark |November 6, 2019 10:20:59 AM (1400+ Posts, 1200+ Likes)
Burger King also Retail quota 10%
1025. Sumit fatehchandani |   Link |  Bookmark |November 5, 2019 11:29:13 AM
BURGER KING IPO KAB ARAHA HAI ANY IDEA????
1025.1. sonal patel |   Link |  Bookmark |November 5, 2019 4:18:29 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
4th quarter
January to March 2020
1025.2. Aniketiaf |   Link |  Bookmark |November 5, 2019 4:28:57 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |November 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 |   Link |  Bookmark |November 3, 2019 10:40:36 PM (200+ Posts, 400+ Likes)
Dear admin

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

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

I am waiting for your reply