Much Awaited IPO of IRCTC may kicks off on 30th Sept 19.

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.

Business divisions:
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.

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