Issue Price
₹320
Per Share
GMP
NIL
Grey Market
Est. Listing
₹320
Expected Price
Min. Application
₹25,600
2 lots × 40 shares
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.The company website (www.irctc.co.in) is one of the most transacted websites in the Asia-Pacific region. As on 31st Aug 2019, around 1.40 million travelled on Indian Railways and more than 0.84 million passengers booked ticket online through the IRCTC website and mobile app on a daily basis. In the last three months ended on 30th June, nearly 15 to 18 million transactions were placed per month through the website.IRCTC launched i-Pay payment gateway to manage domestic debit/credit transactions in October 2018. The company is working on technical capabilities and operational utility of the gateway to use it in additional market segments.IRCTC also provides non-railway services including budget hotels, e-catering and executive lounges to create a one-stop solution for customers. Currently, the company operates majorly in four segments which are:1. Travel and TourismIRCTC is specialised in rail tourism. It offers travel and tourism services across diversified segments such as air, land, rail, & cruise tour packages, hotel bookings and air ticket bookings.2. Packaged Drinking WaterIt is an authorized manufacturer and distributor of packaged drinking water on trains and at railway stations. The company manufactures packaged drinking water under brand name Rail Neer.3. Catering ServicesThe company provides food catering services including on-board catering (through mobile) on trains and static catering services at stations.4. Internet TicketingIRCTC has a mobile app (Rail Connect) and a dedicated website to offer online railway ticket booking facility.Competitive StrengthsAn authorized service provider by Indian RailwaysRailway and non-railway tourism and hospitality servicesExclusively authorized by Indian Railways to provide packaged drinking waterA strong operating system across different segments.
Indian Railway Catering & Tourism Corp.Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 20,160,000 | 100.00% | ₹645.12 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹12,800 |
| Retail (Max) | 1 | 40 | ₹12,800 |
| sNII (Min) | 16 | 640 | ₹204,800 |
| bNII (Min) | 79 | 3,160 | ₹1,011,200 |
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue from Operations | 19566.60 | 15695.60 | 16028.50 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 2725.95 | 2206.19 | 2290.81 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 25837.80 | 23191.06 | 18264.54 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |