IRCTC IPO is a wholly owned subsidiary of Indian Railways and is all set to make a debut in the stock market with an issue size of 645.12 Cr.
IRCTC IPO– Overview
IRCTC IPO -Tentative Dates
| IRCTC IPO opening date | 30 Sept 2019 |
| IRCTC IPO closing date | 3 Oct 2019 |
| Basis of Allotment | 9 Oct 2019 |
| Initiation of Refunds | 10 Oct 2019 |
| The credit of Shares to Demat | 11 Oct 2019 |
| IRCTC IPO Listing Date | 14 Oct 2019 |
Industry Overview.
Total railway passenger traffic has remained nearly flat over the past four years, going from 8,397 million passengers in fiscal 2014 to 8,286 million passengers in fiscal 2018. Passenger traffic, after falling by 1-2% between fiscals 2014 and 2016, witnessed a revival in fiscal 2018, largely driven by a turnaround in non-suburban traffic.
Company Overview
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 IPO-Objectives
- To carry out the disinvestment of Equity Shares by the Selling Shareholder constituting Company’s paid-up Equity Share capital.
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IRCTC IPO- Financial Statements
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 25,837.80 | 23,191.06 | 18,264.54 |
| Total Revenue | 19,566.60 | 15,695.60 | 16,028.50 |
| Profit After Tax | 2,725.95 | 2,206.19 | 2,290.81 |
IRCTC IPO- Strengths
- An authorized service provider by Indian Railways
- Railway and non-railway tourism and hospitality services
- Exclusively authorized by Indian Railways to provide packaged drinking water
- A strong operating system across different segments.
IRCTC IPO- Weakness
- The entire revenue of ~100% is dependent of Railways projects. As the government is slowly moving the Railways projects into PPP (Public Private Partnership) models, then this will have a dampening effect on revenues of IRFC going forward.
Company Contact Information
IRCTC Limited
11th Floor, B – 148, Statesman House,
Barakhamba Road,
New Delhi – 110 001, India
Phone: +91 11 2331 1263 / 64
Email: ipo@irctc.com
Website: http://www.irctc.com/
IRCTC IPO Registrar
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: kamalarora@alankit.com
Website: https://www.alankit.com/
