Let’s have a detailed review of the company and analytics of the IRCTC IPO release date, IPO offer price, subscription, IRCTC IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.
IRCTC IPO Review & Ratings
|IRCTC IPO Ratings & Review|
|Top Brokers Review||8.2/10|
Summary of IRCTC IPO
During June 2019, an average of more than 1.40 million passengers reserved online tickets and travelled on Indian Railways every day. Approximately 71.40% of Indian Railways’ tickets are booked online with an average of more than 0.80 million tickets booked through www.irctc.co.in and “Rail Connect” on a daily basis.
Between Fiscal 2014 and Fiscal 2019, online rail bookings have registered an approximately 12.5% CAGR to reach approximately 284 million annually, with e-booking penetration rising to approximately 70% in Fiscal 2019. Online rail bookings are expected to grow at approximately 8% CAGR to reach approximately 425-435 million in fiscal 2024, with e-booking penetration rising approximately 81 – 83% during the same period.
Our total revenues , excluding interests and dividend income for Fiscal 2017, Fiscal 2018 and Fiscal 2019 were 15,558.42 million, Rs 15,199.89 million and Rs 18,993.29 million, respectively. Our profit after tax (excluding other comprehensive income for Fiscal 2017, Fiscal 2018 and Fiscal 2019 were Rs 2,290.81 million, Rs 2,206.19 million and 2,725.95 million respectively.
The Promoters of this company is the President of India acting through the Ministry of Railways, Government of India. The lead managers to the issue are IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited, YES Securities (India) Limited and the Registrar to this issue is Alankit Assignments Limited.
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IRCTC IPO Date
The opening and the closing date of IRCTC IPO is Sept 30 – Oct 3, 2019.
IRCTC IPO Subscription (NSE+BSE)
|Day / Date||QIB||NII||RII||Employee||Total Subscription|
|1st Day – Sept 30||0.00x||0.21x||2.23x||1.15x||0.81x|
|2nd Day – Oct 1||1.65x||1.73x||6.21x||2.64x||3.25x|
|3rd Day – Oct 3||108.79x||354.52x||14.80x||5.81x||111.91x|
|Shares Offered or Net Issue||10,000,000||3,000,000||7,000,000||160,000||20,160,000|
The subscription details will be updated regularly.
IRCTC IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
|Basis of Allotment Finalization||Oct 9, 2019|
|Refunds Initiation||Oct 10, 2019|
|Credit of Shares to Demat Account||Oct 11, 2019|
|Share Listing Date||Oct 14, 2019|
IRCTC IPO – Price Band or Cash Price
The price band of the IPO is Rs 315 – Rs 320, for this Book Built IPO (Listed at BSE & NSE)
IRCTC IPO – Issue Size
The IRCTC IPO issue size is 20,160,000 Equity shares, aggregating up to Rs 645.12 Crores.
IRCTC IPO Equity Shares Offerings
- QIB – 10,000,000
- NII – 3,000,000
- RII – 7,000,000
- Employee – 160,000
The market lot or the minimum order quantity decided is 40 equity shares.
The retail and employee discounts available is Rs. 10.
IRCTC – Company Overview
As a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways, we are the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India
IRCTC Business Segment
Currently, we operate in four business segments, namely, internet ticketing, catering, packaged drinking water under the “Rail Neer” brand, and travel and tourism:
Internet Ticketing: We are the only entity authorized by Indian Railways to offer railway tickets online through our website and our mobile application. As of June 30, 2019, more than 1.40 million passengers traveled on Indian Railways on a daily basis, which consisted of approximately 71.42% of Indian Railways’ tickets booked online.
Catering: We provide food catering services to Indian Railway passengers on trains and at stations. On-board catering services are referred to as mobile catering and catering services at stations are referred to as static catering.
Packaged Drinking Water (Rail Neer): We are the only entity authorized by the Ministry of Railways to manufacture and distribute packaged drinking water at all railway stations and on trains, according to CRISIL.
Travel and Tourism: As of the date of this Draft Red Herring Prospectus, we have footprints in across all major tourism segments such as hotel bookings, rail, land, cruise and air tour packages and air ticket bookings, and are known as one of India’s leading travel and tourism companies catering to the needs of diverse tourist segments. With the strength of being a CPSE under the administrative control of the Ministry of Railways, we specialize in rail tourism.
IRCTC – Financial Statements
Financial Summary of IRCTC IPO
|Amount (in INR & Millions)|
|Profit After Tax||2,725.95||2,206.19||2,290.81|
Earnings per Equity Share (in millions)
|31-Mar-2019||31 Mar 2018||31-Mar-2017||31 Mar 2016|
From the above financial statements, one could clearly say that the railway’s subsidiary company has grown tremendously in the past few years.
These are some of the qualitative factors that are the reasons why you should buy the issues of this company.
- Authorised by the Ministry of Railways to offer tickets of Indian Railways online;
- An Authorised catering service provider to passengers traveling by Indian Railways;
- Comprehensive tourism and hospitality service provider in India;
- Exclusively authorized for manufacturing and supplying packaged drinking water at railway station and trains;
- Robust operating system and internal control; and
- Qualifed and experienced employees and management team.
The Quantitative factors are used to compute the offer price of the company
On the basis of the standalone statement:-
|Basic & Diluted EPS||RONW||NAV (Rs.)|
- Price to Earning Ratio (P/E) in relation to the Offer Price of Rs [●] per Equity Share
- Competitive Peers: NA
IRCTC IPO – Objects of the Issue
The main objective of this issue is:
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
- To carry out the disinvestment of Equity Shares by the Selling Shareholder constituting Company’s paid up Equity Share capital.
IRCTC IPO – Promoter
IRCTC is owned by the Ministry of Railways. There are many public-sector banks that have invested in IRCTC. They have promoted the company it means that has improved the quality of service rendered by the company. The percentage of IRCTC IPO Promoter Holding are as follows:
- Pre Issue Share Holding – 100%
- Post Issue Share Holding – 87.40%
Interest of Promoters
Interest of Promoters in the promotion of the company
The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares.
Interest of promoters in the property of the company
The promoter is not interested in the property of the company, they are only the shareholders of the company who have invested in the firm.
Interest of promoters in the intellectual property of the company
The promoter does not have any interest in the intellectual property of the company.
IRCTC IPO Lead Managers
|IDBI Capital Markets & Securities Limited|
SBI Capital Markets Limited
YES Securities (India) Limited
IRCTC Registrar to the Offer
|Registrar to the Offer|
|Alankit Assignments Limited|
205 – 208, Anarkali Complex
New Delhi 110 055, Delhi, India
Tel: 011 42541954/933/ 022 4348 1293
Investor grievance E-mail:
Contact Person: Kamal Arora/ Abhijit
Deb/ Virender Sharma
SEBI Registration No.: INR000002532
IRCTC IPO Grey Market Premium
The IRCTC IPO Grey Market Premium is Rs 140-Rs 150, Kostk is Rs 1000, and Subject to Sauda is 5000.
IRCTC IPO Review by Top 10 Stock Brokers of India
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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IRCTC IPO News
News 1 – Download IRCTC DRHP Prospectus
News 2 – Download IRCTC IPO RHP PDF
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