IRCTC IPO – Review, Allotment Status, Subscription, Price, Date & more

The IRCTC IPO is one of the latest IPO from IRCTC that is in compliance with the SEBI. Lets have a read here about the IPO release date, IPO offer price, IPO subscription, 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
CriteriaRatings
Industry Sentiments8.2/10
Industry Ranking8.o/10
Company Background8.3/10
Company Reputation8.0/10
Competitive Edge8.2/10
Financial Statements8.2/10
Popularity Index8.5/10
Promoters Reputation8.0/10
Retail Appetite8.1/10
Top Brokers Review8.2/10
Overall Ratings8.2/10
Star Ratings★★★★☆

Summary of IRCTC IPO

IRCTC IPOThe IRCTC announced that it would file papers for raising an IPO last year. The IPO should have been listed in the month of January 2018. Due to some of the internal financial crisis, the Ministry of Railways is postponing this offer. The company feels that the IPO would get better reception if it is on air after the crisis is resolved. The company is managed by some of India’s top banks and financial institutions and also comes directly under the aegis of the Indian government, so the decision to go for an IPO and the process of filing the Draft Red Herring Prospectus is not a single-handed decision. The price of the issue size is not known. It will be announced as soon as the Draft Red Herring Prospectus is out. The stocks will be listed both on NSE and BSE. The company’s shares are most expected as it is one of the oldest mutual funds company in India and holds a good place in the market.


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IRCTC IPO Date

The IPO date has not been released yet.

IRCTC IPO Subscription

 SUBSCRIPTION
DAY 1x
DAY 2x
DAY 3x
DAY 4x
DAY 5x

The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.

IRCTC IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

IRCTC IPO – Price Band

The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

The face value of the equity shares is yet to be released by the company. It will be known after the company releases the draft red herring prospectus. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated[.] times the face value of the Cap price of the Price band.

IRCTC IPO – Issue Size

IRCTC IPO issue size is not known yet.

IRCTC IPO Equity Shares Offerings

The equity shares will be listed after the issues get approval from the SEBI.


IRCTC – Company Overview

The Indian Railways Catering and Transport Corporation was started in the year 1999 by the Ministry of Railways, Government of India. The company was started with the main aim to provide the best, modernized, affordable railway catering services to the travelers at affordable prices. Out of all the websites that provide the platform to book rail tickets, IRCTC still remains one of the most preferred sites.

The IRCTC offers a wide range of services to the public. It aims to provide a one window solution to all the needs of the traveler, even some of the basic need for survival like Water. The Railways supply clean pure packaged drinking water at all of its railway stations called Rail Neer, that quenches the thirst of the passengers without having to pay a lot for the water, the other best and modern coach facilities, the longue facilities, the influx of the private sector to develop the amenities of the company, world-class coaches at best prices, the boarding and lodging packages for tours, the maintenance of resting places at the railway stations are a few to name. From this, one could say that IRCTC is oriented towards the customer satisfaction.


IRCTC – Financial Statements

Assets of the company

Assets (in millions)

 31 March 201731 March 2016
Non-Current Assets2810.5992763.313
Current Assets15455.74212346.574
Total Assets18266.34115109.887

Revenue and PAT of the company

   Revenue and Profit (in millions)

 March 31, 2017March 31, 2016
Total Revenue15963.115225.3
Profit After Tax2117.11972.9

Assets (in millions)

Earnings per Equity Share (in millions)

 31 March 201731 March 2016
Basic3.65.293
Diluted 3.65.293

 From the above financial statements, one could clearly say that the railway’s subsidiary company has grown tremendously in the past few years.

IRCTC – Basis of Offer Price

IRCTC determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares. The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company. The face value of the equity shares Rs x is yet to be released by the company. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

Qualitative Factors

These are some of the qualitative factors that are the reasons why you should buy the issues of this company.

  • The company that aims to provide all-in-one service to those who wish to use the rail transport medium
  • A dedicated team that aims to provide the best of travel experience at many affordable rates
  • Apart from the rail-based services, the company’s interest in the air ticket booking has widened its domain.
  • The high-profit generation due to the number of business verticals like Catering & Hospitality, Internet Ticketing, Travel and Tourism, Packaged Drinking Water.

Quantitative Factors

The Quantitative factors are used to compute the offer price of the company

  • Basic and Diluted Earnings Per Share (“EPS”)
  • Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
  • Return on Net Worth (“RoNW”)
  • Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
  • Net Asset Value (“NAV”) per Equity Share
  • Comparison with Listed Industry Peers
  • The Offer Price will be [●] times of the face value of the Equity Shares

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 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.

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

The detail of the Lead Managers for the IPO that is yet to arise is not known. It will be known after the company releases the draft red herring prospectus.

IRCTC Registrar of the Offer

The detail of the Registrar of the Offer of the IPO is not known. It will be known after the company releases the draft red herring prospectus.


IRCTC IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking8.5/108.5/108.5/108.5/108.5/10
Sharekhan8.2/108.5/108.2/108.5/108.2/10
Kotak Securities8.4/108.5/108.5/108.5/108.4/10
ICICI Direct88.4/108.4/108.3/108.5/10.5/10
IIFL8.5/108.2/108.4/108.0/108.5/10
Edelweiss8.5/108.5/108.5/108.4/108.2/10
Zerodha8.5/108.5/108.5/108.5/108.0/10
5Paisa8.5/108.5/108.5/108.5/108.5/10
Karvy88.5/108.4/108.2/108.5/108.5/10
Motilal Oswal8.5/108.5/108.2/108.4/108.2/10

 IRCTC IPO Grey Market Premium

The IRCTC IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.


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