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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

Issue OpenSep 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
Issue Price₹315 - ₹320 Per Equity Share
Retail Discountβ‚Ή10
Employee Discountβ‚Ή10
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
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

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. 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. 2. When IRCTC IPO will open?

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

  3. 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. 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. 5. When is IRCTC IPO listing date?

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

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IRCTC IPO Review / Comments

Rahul Popat
990. Rahul Popat  Oct 18, 2019 23:49 I Like It. 1 | Report Abuse Reply
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 othersπŸ‘
Santhosh Kumar P
989. Santhosh Kumar P  Oct 18, 2019 22:14 I Like It. | Report Abuse Reply
I've already sent an email to Alankit and yet to get the response from them.
Santhosh Kumar P
988. Santhosh Kumar P  Oct 18, 2019 20:20 I Like It. | Report Abuse Reply
Hi Admin,
Recently I've applied the IRCTC IPO through UPI. Amount still blocked and I didn't get any allotment.
Kindly suggest me
AnkurGoel
988.1. AnkurGoel  Oct 18, 2019 22:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Write email to alankit and to your bank manager to unblock the fund.
Lahari
987. Lahari  Oct 18, 2019 17:49 I Like It. | Report Abuse Reply
Top Contributor 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.
AnkurGoel
987.1. AnkurGoel  Oct 18, 2019 22:11 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
It's because of oversubscription not due to new rules.
Chem cho
986. Chem cho  Oct 18, 2019 14:45 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Happy Markets ,

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

Happy Diwali
sonal patel
986.1. sonal patel  Oct 18, 2019 17:47 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1400+ Likes)
Happy DIWALI sir ji
RAJAKUMAR
985. RAJAKUMAR  Oct 18, 2019 13:19 I Like It. | Report Abuse Reply
IPO Guru 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.
MAPatel
985.1. MAPatel  Oct 18, 2019 15:04 I Like It. | Report Abuse
Ok sir, but i heard that for shareholder category, it must be bought before 31st mart, 2019
sonal patel
985.2. sonal patel  Oct 18, 2019 17:46 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1400+ Likes)
Where you heard..
Any details
Eagleye
984. Eagleye  Oct 16, 2019 14:18 I Like It. 12 | Report Abuse Reply
IPO Guru 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
RAJAKUMAR
984.4. RAJAKUMAR  Oct 17, 2019 00:16 I Like It. | Report Abuse
IPO Guru 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
MAPatel
984.5. MAPatel  Oct 18, 2019 12:23 I Like It. | Report Abuse
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 ?
harit
983. harit  Oct 6, 2019 13:12 I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 1700+ Likes)
This becomes dmart of PSUs
For sure
Give 2-3 years and will see price 1500 up
Mr. Singh
983.14. Mr. Singh  Oct 17, 2019 18:23 I Like It. | Report Abuse
No. Peak abhi aana baki hai. There was profit booking after huge listing.
harit
983.15. harit  Oct 18, 2019 11:18 I Like It. 2 | Report Abuse
IPO Guru 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)
Rahul Wgl
982. Rahul Wgl  Oct 17, 2019 08:15 I Like It. 1 | Report Abuse Reply
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.
Rahul Popat
982.1. Rahul Popat  Oct 17, 2019 23:42 I Like It. 1 | Report Abuse
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
Team Chittorgarh.com
982.2. Team Chittorgarh.com  Oct 18, 2019 09:45 I Like It. 1 | Report Abuse
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.comΒ Admins

A g pujari
981. A g pujari  Oct 17, 2019 19:56 I Like It. | Report Abuse Reply
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?
AnkurGoel
981.1. AnkurGoel  Oct 17, 2019 20:59 I Like It. | Report Abuse
IPO Mentor 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.
AnkurGoel
980. AnkurGoel  Oct 17, 2019 11:04 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Any well known broker who deals in unlisted shares.
Quality Comment
980.1. Quality Comment  Oct 17, 2019 12:22 I Like It. | Report Abuse
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.
AnkurGoel
980.2. AnkurGoel  Oct 17, 2019 12:25 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Trust is always issue until you will not find any good broker.
Rahul Wgl
979. Rahul Wgl  Oct 16, 2019 14:43 I Like It. | Report Abuse Reply
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..
Rahul Wgl
979.4. Rahul Wgl  Oct 16, 2019 22:49 I Like It. | Report Abuse
Applied for 320 Shares (8 lots).. @Rahul Popat
Rahul Popat
979.5. Rahul Popat  Oct 17, 2019 07:50 I Like It. 1 | Report Abuse
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
RAJAKUMAR
978. RAJAKUMAR  Oct 15, 2019 23:23 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
HDB MAY FILE DRHP AFTER DEEPAVALI
KING VINOD
978.1. KING VINOD  Oct 16, 2019 12:38 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Yes Correct. Mostly HDB may file DRHP by this year end
RAJAKUMAR
978.2. RAJAKUMAR  Oct 17, 2019 00:11 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear King
Pre ipo done. So it may file DRHP any time.
RAJAKUMAR
977. RAJAKUMAR  Oct 17, 2019 00:09 I Like It. | Report Abuse Reply
IPO Guru 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.
sha dows
976. sha dows  Oct 16, 2019 22:04 I Like It. | Report Abuse Reply
I heard, IRCTC is going to issue Bonus shares and Stock split in next two months? Is it true?
sha dows
975. sha dows  Oct 16, 2019 22:03 I Like It. | Report Abuse Reply
I hea
R R Patel
974. R R Patel  Oct 15, 2019 18:10 I Like It. 2 | Report Abuse Reply
IPO Mentor 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.
Rajas
974.11. Rajas  Oct 16, 2019 19:32 I Like It. | Report Abuse
Pls confirm eligibility criteria for shareholder quota.how much share of HDFC bank we must have for applying in shareholder quota
amit K singh
974.12. amit K singh  Oct 16, 2019 19:48 I Like It. 1 | Report Abuse
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.
Darpan Bilandi
973. Darpan Bilandi  Oct 15, 2019 12:41 I Like It. | Report Abuse Reply
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
Johny
973.11. Johny  Oct 16, 2019 19:11 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Also there was no shareholder quota in Icici Pru Life IPO
Indy
973.12. Indy  Oct 16, 2019 19:26 I Like It. 1 | Report Abuse
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
AnkurGoel
972. AnkurGoel  Oct 16, 2019 12:44 I Like It. 2 | Report Abuse Reply
IPO Mentor 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.
mkslko
972.1. mkslko  Oct 16, 2019 14:41 I Like It. 2 | Report Abuse
Can I bought 1 share of ujjivan finance to apply share holder category
Rahul Popat
971. Rahul Popat  Oct 15, 2019 08:34 I Like It. 3 | Report Abuse Reply
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
Sushil kb
971.9. Sushil kb  Oct 15, 2019 15:50 I Like It. | Report Abuse
If info is true then chill guys 10000cr huge amount retail will get easily, there won't be huge oversubscription
Rahul Popat
971.10. Rahul Popat  Oct 15, 2019 23:31 I Like It. 1 | Report Abuse
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



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