IRCTC IPO Review, Dates, Subscription & Expert Analyst
Indian Railway Caterring and Tourism Corporation Limited IPO

IRCTC IPO is a Indian Railway Catering and Tourism Corp IPO. Indian Railways has authorized the IRCTC to provide packaged drinking water at railway stations and trains in India as well as catering services to the railways, online train tickets and is the only in India. IRCTC is 100% owned subsidiary of Indian Railways before ipo listing.

IRCTC mainly offers services like Internet ticketing , Catering , Catering Services, Packaged Drinking Water and Travel & tourism.

  • Online Ticketing

About 12.4% of topline business comes from Internet ticketing.  The customer can use the internet via WiFi, GPRS or SMS to book train tickets as well as check the train status and PNR status directly via just one SMS

  • Catering

About 52.9% revenues comes from catering. IRCTC provides very good quality meals to its passengers. IRCTC brought pantry cars in medium and long distance trains so that passengers could get cooked food quickly and hot. The IRCTC also provides food service from the shop on the platform.

Packaged Drinking Water

IRCTC also produces packaged drinking water and only IRCTC can distribute packed drinking water to Indian Railways.

  • Travel and Tourism

About 23.8% revenues comes from to travel and tourism. IRCTC organizes Deluxe Tours packages for tourists from home and abroad. Special luxury trains like IRCTC Buddhist Circuit Train and Maharaj’s Express and their luxury tourism packages are popular in Tourist.

Key Points

  • Government Owned company.
  • Authorized by Indian railways to provide services.
  • Huge setups
  • Zero Competition.

IRCTC IPO Issue Details

IssueDetails
NameIRCTC
Issue Opens30-Sep-19
Issue Closes3-Oct-19
Issue Size ( crore) 635-645
Price Band ( per share) 315-320
Face Value 10
Fresh Issue (at upper band)500 crore
No. of shares on offer (crore)2.0 crores
QIB (%)50
Retail (%)35
Non-Institutional (%)15
Minimum lot size (no of shares)40 Shares
Discount for employees and retail*10 discount

Shareholding Pattern (%)

Pre-IssuePost-Issue
Promoter Group100.0%87.4%
Public/Other0.0%12.6%

IRCTC Financial Details (INR crore)

₹ croreFY17FY18FY19
Total Income1535.41470.51867.9
Profit After Tax229.1220.6272.6
EPS ()14.313.817.0
EBITDA312.6273.1372.2
Total Assets878.71,044.21,109.5
Total liabilities and Equity878.71,044.21,109.5

IRCTC Company Contact Information

Contact DetailsRegistrar
Indian Railway Catering and Tourism Corporation Limited
11th Floor, B – 148,
Statesman House
Barakhamba Road
New Delhi – 110001
Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055
Phone: +91 11 2331 1263Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: ipo@irctc.comEmail: irctcigr@alankit.com
Websitewww.irctc.comWebsite: www.alankit.com

Listing Time Table of IRCTC IPO

  • IPO Opening Date: 30 Sep 2019
  • IPO Closing Date: 3 Oct 2019
  • Final Allotment: 9 Oct 2019
  • Refunds: 10 Oct 2019
  • Transfer of shares to Demat accounts: 11 Oct 2019
  • Listing Date: 14 Oct 2019

Listing Day IRCTC Performance.

NSEBSE
Listing Date30 Sep 20193 Oct 2019
IPO Price₹ 320₹ 320
Open626644
High743.80743.80
low625625
Close727.75728.80
Volume45 M5.30 M
Listing Day P/L+127.45%+127.75%

Analyst Reviews.

Anand Rathi – SubscribeICICIdirect – Subscribe
Angel Broking – SubscribeHDFC Securities Limited – None
Axis Capital – SubscribeIDBI Capital – None
Canara Bank – SubscribeIndia Infoline Ltd – Subscribe

Subscription Details

Subscriptions (No. of times, 03 Oct at 11:15 PM)

CategoryOffered SharesDAY 1DAY 2DAY 3
QIB1,00,00,0000.00x1.65x108.79x
NII30,00,0000.21x1.73x354.52x
Retail70,00,0002.23x6.21x14.94x
Total2,01,60,0000.81x3.25x111.95x

IRCTC IPO Lead Managers & Company Promoters

Lead ManagersBoard of Directors
IDBI Capital Markets & Securities LimitedChairman & Managing Director:
Shri Mahendra Pratap Mall
SBI Capital Markets LimitedGovernment Director:
Shri. Neeraj Sharma
Shri. Vinay Srivastava
YES Securities (India) LimitedIndependent Director:
Shri C.R.Sundaramurti
Shri. Prof. Sachin Chaturvedi
Ms. Sarita Deshpande

FAQs for IRCTC IPO

1.What is IRCTC IPO?
Ans: IRCTC IPO is a Main board IPO. Total number of 2,01,60,000 shares offered through public issue. Offers price is Rs.315 to Rs.320. Investor can apply between 1 lot (40 share in 1 lot) up-to 15 lots(600 shares).

2.How do I apply for the IRCTC IPO?
Ans: Anyone having demat account are eligible for IRCTC IPO application. There are two method available for application.

  • ASBA Payment Method : The net-banking facility available for online IPO application.
  • UPI Payment Method: By using UPI payment method for application process.

3.What is the IRCTC IPO issue date?
Ans: IRCTC IPO issue period is from 30-Sep-19 to 03-Oct-19.

4.What is the IRCTC IPO allotment date?
Ans: Allotment date is 9 Oct 2019 and share will transfer to your demat account on 11 Oct 2019.

5.What if IRCTC IPO Shares not allotted to me?
Ans: Suppose shares not allotted to you than refund will be credited to your linked bank account. Refunds date is 10 Oct 2019.

6.How to Apply IRCTC IPO through Zerodha?
Ans: Zerodha customers can apply for IRCTC ipo throuh UPI’s payment gateway by Zerodha Console. Pls follow Below steps.

  • login to console.zerodha.com
  • Portfolio<<IPOs
  • Get the list of current listed IPOs.
  • You can apply for an IPO online.

7.What is the IRCTC IPO Listing date?
Ans: Listing date for this IPO is 14 Oct 2019

8.Is there any other IRCTC IPO Listing later this year?
Ans: There is no such information available regarding the further listing of State bank of India IPO.

9.What is the Lot Size of IRCTC IPO?
Ans: Minimum 40 shares (1 lot) and maximum 600 (13 lot) shares of lot size is available. One share price is ₹.320 so 1 lot of 84 shares will be ₹.12,800 and Maximum 13 lots will cost you ₹.192,000

10.What is the face value of IRCTC IPO?
Ans: Face value of IRCTC is ₹10 Per Equity Share.

11.What IRCTC symbols in NSE & BSE?
Ans: NSE: IRCTC & BSE: 542830, Group: B

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