IRCTC initial public offer is expected to hit dalal street on 30th September.
Size of IPO is expected between Rs.500-600 crores (as per DHRP filled by company), hence Government stake is anticipated to reduce by 12.5%.
Key company details are as follows :
IRCTC was incorporated as “Indian Railway Catering and Tourism Corporation Limited” on September 27, 1999, as a public limited company under the Companies Act, 1956.
Company major revenue comes from E-ticketing services for rail travel, apart from this it also offers travel & tourism services in air ticket booking, cruise tour package & hotel booking segment.
In hospitality segment company deals in packaged drinking water under brand name of “Rail Neer” and provides food catering services including on-board catering on trains and static catering services at stations.
Note : Details like price band, market lot, minimum bidding quantity etc will be shared once IPO is announced.