Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a Central Public Sector Enterprise wholly owned by the Government of India (GoI) under the administrative control of the Ministry of Railways. IRCTC is the only authorized entity by Indian Railways to provide online railway tickets, catering services to railways, and packaged drinking water at railway stations and trains in India. The IPO of IRCTC opens for subscription today.
The IPO, with a price band of Rs315 to Rs320 per equity share, will open on September 30, 2019, and close on October 03, 2019.
Retail investors and eligible employees get a discount of Rs10 per share. So the effective price band of IRCTC IPO for retail and eligible employees is ₹305-310 per share.
The issue comprises an offer for sale of 2.01cr shares of the face value of Rs10 each by the President of India, acting through the Ministry of Railways (The Selling Shareholder). Out of the total issue size, 1.60 lakh equity shares are reserved for eligible employees. The Company has offered a discount of Rs10 per equity share on the Offer Price for the retail category and to eligible employees.
The IPO, with a price band of Rs315 to Rs320 per equity share, will open on September 30, 2019, and close on October 03, 2019.
Retail investors and eligible employees get a discount of Rs10 per share. So the effective price band of IRCTC IPO for retail and eligible employees is ₹305-310 per share.
The issue comprises an offer for sale of 2.01cr shares of the face value of Rs10 each by the President of India, acting through the Ministry of Railways (The Selling Shareholder). Out of the total issue size, 1.60 lakh equity shares are reserved for eligible employees. The Company has offered a discount of Rs10 per equity share on the Offer Price for the retail category and to eligible employees.
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