IRCTC IPO Review

IPO Status: Closed [30th Sep 2019 to 3rd Oct 2019]

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IRCTC IPO

The IPO of IRCTC Limited opens on September 30 and closes on October 3, 2019. The company is offering shares in the price band of Rs 315 to Rs 320 per equity share.

About Indian Railway Catering and Tourism Corporation Limited ( IRCTC).

Incorporated in 1999, Indian Railway Catering and Tourism Corporation or IRCTC is a subsidiary of the Indian Railways that handles the catering, tourism and online ticket booking operations of the Indian railways. IRCTC is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under the Ministry of Railways, Government of India. There are 54 lac active users of the site adding 28,000 users everyday and over 7 lac tickets booked on a daily basis.

The main business line of the company is

  • Catering & Hospitality:  IRCTC manages the entire on-board catering services of Indian Railways in more than 460 passenger trains with pantry cars. IRCTC also manages various static catering units of Railways such as Refreshment rooms, Jan Ahaars and Cell Kitchenson railway platforms. They also operate executive lounges and retiring rooms on railway stations and budget hotels.
  • Internet Ticketing: E-ticketing is the main business of IRCTC. It pioneered internet-based rail ticket booking through its website irctc.co.in, as well as from the mobile phones via WIFI, GPRS or SMS. It also provides an SMS facility to check PNR status and Live Train Status as well. The revenue collection from e-ticket booking till now for this year is Rs. 32,069 crores as compared to Rs 28475 crores from last year. 
  • Travel &Tourism: IRCTC through its dedicated web portal irctctourism.com organizes rail-based packages and tours in trains like Bharat Darshan Trains and Aastha Circuit Trains, Buddhist Circuit Tourist train, Majestic Tourist Train, etc. IRCTC also offers a wide range of hotel booking options, air ticketing, and Railway Retiring Rooms to provide the users with a one-stop solution to all their travel needs.
  • Packaged Drinking Water (Rail Neer): IRCTC launched packaged drinking water for the rail commuters under the brand name Rail Neer.
  •  E- catering: IRCTC allows passengers to book food of their choice from partner restaurants and food outlets through a mobile application while traveling on a train. 

IRCTC IPO Objective

The objective of the Offer is

  • To carry out the disinvestment of 20,160,000 Equity Shares by Selling to Shareholders constituting 12.60% of Company’s paid-up Equity Share capital.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

IRCTC IPO Details

IRCTC IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    IRCTC IPO Details
    IRCTC Issue Details Values
    IPO Category Mainline
    IPO Issue Type Book Build Issue IPO
    IPO Issue Size 20,160,000 Eq Shares of ₹10 (aggregating up to ₹645.12 Cr)
    Offer for Sale 20,160,000 Eq Shares of ₹10 (aggregating up to ₹x Cr)
    Face Value 10 Per Equity Share
    IPO Issue Price ₹315-₹320 Per Share
    IPO Discount Retail ₹10, Employee ₹10
    Market Lot 40 Shares
    Min Order Qty 40 shares
    Max Retail Qty 600 Shares
    Promoter Holding Pre IPO 100%
    Promoter Holding Post IPO 87.40%
    IPO Listing At BSE, NSE
    BSE Code 542830
    NSE Code IRCTC

IRCTC Financials for past 3 Years

Past performance and financial results of IRCTC.

    IRCTC financial
    IRCTC IPO Financial 31-Mar-2019 31-Mar-2018 31-Mar-2017
    Total Revenue 19,566.60 15,695.60 16,028.50
    Total Assets 25,837.80 23,191.06 18,264.54
    Total Expense 15,267.00 12239.00 12478.00
    Net Income 2,725.95 2,206.19 2,290.81
    Net Margin 13.9% 14.3% 14.4%

IRCTC IPO Strengths

  1. Only entity authorized by the Indian Railways to provide catering services, railway tickets online and packaged drinking water at railway stations and trains in India.
  2. Highly lucrative revenue source from catering and selling tour packages business.
  3. Attractive pricing and monopolistic nature of business.
  4. Fully debt free company.

IRCTC IPO Threats/Weaknesses

  1. Government controlled.
  2. Risk of future privatization.

IRCTC IPO Important Dates

In this section we have covered all imporatant dates related to IRCTC IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    IRCTC IPO important dates
    IPO Activity Date
    IPO Issue Open Date 30th Sep 2019
    IPO Issue Close Date 3rd Oct 2019
    Basis of Allotment Finalisation Date* 9th Oct 2019
    Refunds Initiation* 10th Oct 2019
    Credit of Shares to Demat Account* 11th Oct 2019
    IPO Listing Date* 14th Oct 2019

* - Tentative Dates

IRCTC IPO Draft Prospectus >>Document

IRCTC IPO Red Herring Prospectus >>Document

IRCTC IPO Allotment Status >>Link

Company Address

IRCTC Limited
11th Floor, B - 148, Statesman House,
Barakhamba Road,
New Delhi - 110 001, India


Website: http://www.irctc.com/
Email: [email protected]
Phone: +91 11 2331 1263 / 64

Registrar

Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi - 110055

Phone: (011) 4254 1234
Email: [email protected]

Lead Manager

  1. IDBI Capital Market Services Limited
  2. SBI Capital Markets Limited
  3. Yes Securities (India) Limited
IRCTC IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for IRCTC? Should I apply in IRCTC IPO?

Last Updated on 2019-11-21T03:22:25+00:00

IRCTC IPO FAQs

  1. 1 .Where can I check IRCTC IPO allotment status?

    IRCTC IPO Allotment is not yet declared, it is expected on Oct 10th 2019.

    Discuss this question

  2. 2 .How to subscribe IRCTC IPO in Zerodha?

    Now you can apply in online IPO application via Zerodha back office software "console". You can subscribe IRCTC IPO with Zerodha. You need to apply application online using UPI payment mode. To purchase IRCTC IPO with Zerodha, you must be Zerodha custome and have UPI payment setup. For more details please visit detail article Step by Step Guide to apply IRCTC IPO with Zerodha.

    Alternate approch to apply in IRCTC IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Other revelevent question on same topics are:

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    Discuss this question

  3. 3 .How to apply in IRCTC IPO online?

    Apply in IRCTC IPO online

    To subscribe or apply in IRCTC IPO, you can use the following methods:

    IRCTC IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in IRCTC IPO directly with your brokers website. Example HDFC Security, ICICI Direct, AxisDirect and so on are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online are providing you access to applying in IRCTC IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in IRCTC IPO. Max syndicate bank provide you access to apply in IRCTC IPO via ASBA process. You must have your net banking access, DP ID information to apply in IRCTC IPO via ASBA. Bank like Axis, SBI allows you to apply max 5 application from one bank account. Where ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in IRCTC IPO via physical application, but you can’t apply physical application via ASBA. You need to apply physical application via UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Other revelevent question on same topics are:

    Where to subscribe IRCTC IPO? Where to apply for IRCTC IPO? How to subscribe IRCTC IPO online? IRCTC IPO where to apply? Where to buy IRCTC IPO online? How to buy IRCTC IPO online? How to purchase IRCTC IPO? How to get IRCTC IPO? How to book IRCTC IPO? How to invest IRCTC IPO? IRCTC IPO kaise buy kare?

    Discuss this question

  4. 4 .How to download online application form for IRCTC IPO?

    Applying in IRCTC IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download IRCTC IPO application online and submit to nearest bank or to your broker. With new mandate from SEBI all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply IRCTC IPO, please refer article >> Link

    Other revelevent question on same topics are:

    How to fill IRCTC IPO form? How to fill IRCTC IPO form online? IRCTC IPO online form? IRCTC IPO online form fill up? IRCTC IPO blank form download? IRCTC IPO bid form? IRCTC IPO full form? IRCTC IPO form nse? IRCTC IPO form bse? IRCTC IPO form online? IRCTC IPO form print? IRCTC IPO application amount?

    Discuss this question

  5. 5 .What is the listing date of IRCTC IPO?

    IRCTC IPO is going to be list on 14-10-2019. NSE Code for IRCTC is IRCTC. BSE Code for IRCTC is 542830.

    Other revelevent question on same topics are:

    When IRCTC IPO will be listing? IRCTC IPO NSE listing date?IRCTC IPO date of listing.IRCTC IPO BSE listing date?

    Discuss this question

  6. 6 .When IRCTC IPO will be allocated?

    IRCTC IPO Allotment Date is 09-10-2019.

    Other revelevent question on same topics are:

    IRCTC IPO share allotment date?IRCTC IPO allotment date?

    Discuss this question

  7. 7 .When IRCTC IPO will be open?

    IRCTC IPO Issue Open Date is 30-09-2019.

    Other revelevent question on same topics are:

    IRCTC IPO start date? When IRCTC IPO Open Date? When to invest in IRCTC IPO?

    Discuss this question

  8. 8 .When IRCTC IPO will be close?

    IRCTC IPO Issue Close Date is 03-10-2019.

    Other revelevent question on same topics are:

    IRCTC IPO end date? When IRCTC IPO Close Date? Last Date to invest in IRCTC IPO?

    Discuss this question

  9. 9 .What is price of IRCTC IPO for retail investor?

    IRCTC IPO price for retail investor is ₹315-₹320 Per Share. Company is also offering special discount of Retail ₹10, Employee ₹10.

    Discuss this question

  10. 10 .What is lot size of IRCTC IPO for retail investor?

    IRCTC IPO lot size for retail investor is 40 shares(Min) and 600 Shares (Max).

    Other revelevent question on same topics are:

    IRCTC IPO lot details? IRCTC IPO market lot? IRCTC IPO details lot size?

    Discuss this question

  11. 11 .Can I invest in IRCTC IPO via UPI?

    Yes, you can invest in IRCTC IPO via UPI. If aplying online you can use UPI as well as ASBA any one process, if applting in physical form UPI is mandatory.

    Discuss this question

  12. 12 .What is minimum amount retail investor need to apply for one application of IRCTC IPO?

    To apply in one application of IRCTC IPO you need ₹315-₹320 Per Share(Issue Price) - Retail ₹10, Employee ₹10 (discount) * 40 shares (Minum Order Qty) =₹12400.

    Discuss this question

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User Comments

avatar
5. R jain  11/13/2019 12:38:49 PM Reply
Best IPO of my life, first time on day one i got double the return, Thanks team for keeping information up to date.
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4. Parul Kochar  10/11/2019 9:46:29 AM Reply
when and what price IRCTC IPO will list?
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4.1. IPO Updates  10/11/2019 9:50:05 AM
ITCTC IPO will list on NSE, BSE on Monday 14th Oct 2019. Price will be 550 to 600 INR.
avatar
4.2. IPO Updates  10/11/2019 10:25:20 PM
BSE Notice on IRCTC Listing -
Trading Members of the Exchange are hereby informed that effective from Monday, October 14, 2019, the equity shares of Indian Railway Catering and Tourism Corporation Limited shall be listed and admitted to dealings on the Exchange in the list of ''B '' Group of Securities.
avatar
4.3. IPO Guru  10/14/2019 9:52:24 AM
GMP is 250+,

Try to sell slowly, and try to add when profit booking starts.
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3. IPO Updates  10/10/2019 11:27:05 AM Reply

IRCTC IPO latest updates - 10th Oct 2019

Basis of allotment

Retail Investors - 40 Shares in 13:96 ratio (7.38%).

HNI Subscription: 350.70

IPO Allotment Status will be available post 2:00 PM today.


Tentative Listing Date - Monday 14th Oct 2019.

avatar
3.1. IPO Updates  10/10/2019 1:28:06 PM

IPO Allotment live, check your allotment status online

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3.2. Moti keshu  10/11/2019 9:47:08 AM
Got 1 out of 6 applications.
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3.3. Sumeet  10/11/2019 9:47:52 AM
Got 2 out of 2. How much will be the listing price?
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2. Arindam Guha  10/9/2019 5:21:29 PM Reply
IRCTC IPO Current GMP is 210-220, expecting around 8 to 10 k profit per lot. expected listing b/w 550 to 570. The allotment is going to be announced by tmr. till then relex.
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2.1. Shayam Rathore  10/9/2019 10:08:44 PM
IRCTC IPO GMP Rs 225 +/- 1, Kostak 1125 Rs
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1. Sachin Jain  10/9/2019 10:24:42 AM Reply
IRCTC IPO Link for allotment status ... not yet out, to be announced on 9th Oct 2019.
http://ipo.alankit.com/
avatar
6.1. Priyanka Jain  10/9/2019 2:53:22 PM
Had a call with Alankit, details are going to be available by tmr approx 2:00 PM (10th Oct 2019)
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6.2. Anand Kishore  10/9/2019 5:24:15 PM
IRCTC IPO Allotments and Refunds both are going to come on 10 Oct 2019.

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