Indian Railway Catering and Tourism Corporation Ltd. i.e. IRCTC IPO dates are as follows, it will start accepting bids from 30th September 2019 and will end on 3rd October 2019. The company is going to raise around 645.12 crores via fresh issue of approx 2 crores equity shares of IRCTC.
The company is 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. It operates one of the most transacted websites, www.irctc.co.in, in the Asia-Pacific region with transaction volume averaging 15 to 18 million transactions per month during the three months ended 30 June 2019.
Delhi-Lucknow Tejas Express, which will be operational from October 5, will be the first train that will be fully run by the railways’ subsidiary, IRCTC and is Railway’s first step towards privatizing operations of some trains.
The company enjoys a virtual monopolistic business that is poised for bright prospects going forward. Checkout for IRCTC IPO dates, price band, and more details.
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