IRCTC IPO DETAILS
Issue Open :- 30th September 2019 - 3rd October 2019
Issue Size :- 20,160,000 Eq Shares of ₹10
Issue Price :- ₹315 - ₹320 Per Equity Share
Market Lot :- 40 Shares
Listing :- NSE & BSE
Allotment Of Shares :- 9th October 2019
Credit of Shares to Demat :- 11th October 2019
Listimg of Shares :- 14th October 2019
About The Company
Incorporated in 1999, state-owned Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a wholly-owned subsidiary of Indian Railways. IRCTC handles tourism, catering, online ticket booking services and provides packaged drinking water in trains and at railway stations in the country. It was conferred as a Mini-Ratna or Category-I Public Sector Enterprise by the Indian Government in 2008.
Currently, the company operates majorly in four segments which are:
1. Travel and Tourism
2. Packaged Drinking Water
3. Catering Services
4. Internet Ticketing
Competitive Strengths
1. An authorized service provider by Indian Railways
2. Railway and non-railway tourism and hospitality services
3. Exclusively authorized by Indian Railways to provide packaged drinking water
4. A strong operating system across different segments.
Objects Of the Issue
The objects of the Offer are:
1. To carry out the disinvestment of Equity Shares by the Selling Shareholder constituting Company's paid up Equity Share capital.
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Company Financials
PAT :-"2726 as on 31st March 2019 as Compared to 31st March 2018 is 2206
EPS :- 17.04 as on 31st March 2019 as Compared to 31st March 2018 is 13.79
Company Promoter The President of India acting through the Ministry of Railways is the promoter of the company.
Our OPINION :
We recommend to INVEST in the share and earn huge profits.
