IPO Status: Closed [30th Sep 2019 to 3rd Oct 2019]
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
The objective of the Offer is
IRCTC IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|IRCTC Issue Details||Values|
|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|
Past performance and financial results of IRCTC.
|IRCTC IPO Financial||31-Mar-2019||31-Mar-2018||31-Mar-2017|
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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.
|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
Last Updated on 2019-11-21T03:22:25+00:00
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.
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To subscribe or apply in IRCTC IPO, you can use the following methods:
|IRCTC IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
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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?
IRCTC IPO price for retail investor is ₹315-₹320 Per Share. Company is also offering special discount of Retail ₹10, Employee ₹10.
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?
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.
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.