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 DateSep 30, 2019 - Oct 3, 2019
Issue TypeBook Built Issue IPO
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)
Face Value₹10 per equity share
IPO Price₹315 to ₹320 per equity share
Retail Discountโ‚น10
Employee Discountโ‚น10
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE

IRCTC IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 30, 2019
Bid/Offer Closes OnOct 3, 2019
Finalisation of Basis of AllotmentOct 9, 2019
Initiation of RefundsOct 10, 2019
Credit of Shares to Demat AcctOct 11, 2019
IPO Shares Listing DateOct 14, 2019

IRCTC IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum140₹12,800
Maximum15600₹192,000

IRCTC IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding87.40%

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

IRCTC IPO Rating

1568
4.3
Rating:Rated 4.3 stars

Vote Here ...

IRCTC IPO Listing Date

Listing DateMonday, October 14, 2019
BSE Script Code542830
NSE SymbolIRCTC
Listing InB
ISININE335Y01012
IPO Price₹320 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO 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

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 FAQs

  1. What is IRCTC IPO?

    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.

  2. When IRCTC IPO will open?

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

  3. What is the lot size of IRCTC IPO?

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

  4. How to apply for IRCTC IPO?

    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.

  5. 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.

  6. When is IRCTC IPO listing date?

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

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IRCTC IPO Review / Comments

MS ASSOCIATE
1042. MS ASSOCIATE  Dec 29, 2019 18:23
Hold For long term
Manoj yadav
1041. Manoj yadav  Dec 26, 2019 21:27
It seems a best in Industry
snm
1040. snm  Dec 10, 2019 18:34
jeniun
Citizen
1039. Citizen  Dec 10, 2019 09:33
I also could see SBI bank still amount is blocked, any news from this bank will be useful.
Aniketiaf
1038. Aniketiaf  Nov 15, 2019 19:17
IPO Guru IPO Guru (1100+ Posts, 6800+ Likes)
amit K singh
1038.1. amit K singh  Nov 22, 2019 09:29
IPO Mentor IPO Mentor (500+ Posts, 900+ Likes)
Will it benefit irctc?
Aniketiaf
1038.2. Aniketiaf  Nov 22, 2019 09:38
IPO Guru IPO Guru (1100+ Posts, 6800+ Likes)
Definitely
Aniketiaf
1037. Aniketiaf  Nov 15, 2019 07:32
IPO Guru IPO Guru (1100+ Posts, 6800+ 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.
RAJAKUMAR
1036. RAJAKUMAR  Nov 12, 2019 22:38
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear Ipo jaanadesh
Bajaj Energy is promoted by Bajaj Power Ventures Shishir Bajaj, Minakshi Bajaj, Kushagra Bajaj
There is no shareholder quota
Anil r rudani
1035. Anil r rudani  Nov 12, 2019 14:24
Today prise
sonal patel
1034. sonal patel  Nov 12, 2019 06:20
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
Not January 2019 ,,it's January 2020
Darpan Bilandi
1033. Darpan Bilandi  Nov 6, 2019 12:08
*#IPO s worth โ‚น30,000 crore in the pipeline, including those of*

๐Ÿ’ฐSBI Cards,
๐Ÿ’ฐCSB Bank,
๐Ÿ’ฐIREDA,
๐Ÿ’ฐBajaj Energy,
๐Ÿ’ฐUTI Asset Management,
๐Ÿ’ฐHDB Financial,
๐Ÿ’ฐEquitas Small Finance Bank and
๐Ÿ’ฐUjjivan SFB

Don't miss opportunities
phrao
1033.7. phrao  Nov 8, 2019 19:50
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Great
All DRHP filed or not?

Give me DRHP not filed mother company name
bcskal
1033.8. bcskal  Nov 11, 2019 15:05
Also the IPO of RAILTEL(part of INDIAN RAILWAYS) is going to hit the markets before JANUARY 2019. With best regards.
Aniketiaf
1032. Aniketiaf  Nov 11, 2019 07:49
IPO Guru IPO Guru (1100+ Posts, 6800+ 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.
harit
1032.1. harit  Nov 11, 2019 08:58
IPO Guru IPO Guru (1400+ Posts, 2500+ Likes)
Still believe that it will not go up to 1500 in next 3 years?
Still thinking that this is a PSU afterall?
GargN
1031. GargN  Nov 8, 2019 17:53
HDB finance IPO tentative month?
amit K singh
1031.1. amit K singh  Nov 9, 2019 08:48
IPO Mentor IPO Mentor (500+ Posts, 900+ Likes)
Mar 2020.
sonal patel
1030. sonal patel  Nov 7, 2019 17:52
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
Csb bank ipo may be open on 19 th November..
GargN
1029. GargN  Nov 7, 2019 12:54
CSB Bank new page opened
RAJAKUMAR
1028. RAJAKUMAR  Nov 6, 2019 09:17
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear King
Yes talking Ujjivan. Retail 10% quota. DRHP filed and got sebi permission.
RAJAKUMAR
1027. RAJAKUMAR  Nov 6, 2019 09:21
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Very tough allotment for retail for Burger
RAJAKUMAR
1026. RAJAKUMAR  Nov 6, 2019 09:20
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Burger King also Retail quota 10%
Sumit fatehchandani
1025. Sumit fatehchandani  Nov 5, 2019 10:29
BURGER KING IPO KAB ARAHA HAI ANY IDEA????
sonal patel
1025.1. sonal patel  Nov 5, 2019 15:18
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
4th quarter
January to March 2020
Aniketiaf
1025.2. Aniketiaf  Nov 5, 2019 15:28
IPO Guru IPO Guru (1100+ Posts, 6800+ 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
Ksk jsg
1024. Ksk jsg  Nov 4, 2019 22:51
If any one has ny idea for how to apply in saudi aramco ipo for indian investors than pls share.....
Rahul Popat
1023. Rahul Popat  Nov 3, 2019 21:40
Dear admin

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

In sharekhan
Rahul Popat
1023.1. Rahul Popat  Nov 4, 2019 17:18
Dear admin

I am waiting for your reply







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