Tuesday, March 31, 2020
Home News Reports IRCTC shares to be listed on stock market on Monday, 14th October

IRCTC shares to be listed on stock market on Monday, 14th October

IRCTC is the subsidiary of Indian Railways and handles online ticketing, catering and tourism operations. The IRCTC is one of the most visited websites in the Asia-Pacific region, with a transaction volume of more than 25 million per month, and 7.2 million logins per day.

Also Read

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

“The Indian Railway Catering and Tourism Corporation (IRCTC), which recently concluded its Initial Public Offering (IPO) will be list its shares on the stock market on Monday, 14th October. The shares will be listed on both, the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange).

“Effective from Monday, October 14, 2019, the equity shares of Indian Railway Catering and Tourism Corporation Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B ‘ Group of Securities,” the BSE said in a circular issued on 11th October 2019.

The IPO was oversubscribed 112 times at a price band of Rs 315 to Rs 320 per share. State-owned IRCTC, which sells tickets for Indian Railways and manages its catering services, is expected to raise Rs 500-600 crore through its IPO. The government is looking to offload up to 20 million shares in IRCTC, following that the government’s stake in IRCTC will come down by 12.5 per cent.

- article continues after ad - - article resumes -

IRCTC’s business is divided into four segments — internet ticketing, catering, packaged drinking water under the ‘Rail Neer’ brand, and travel and tourism. While its sales rose 25% to Rs 1,899 crore, its profit grew 23.5% to Rs 272.5 crore in the fiscal year 2019, compared to last fiscal.

Read: Tejas Express is the REAL reform: Indian Railways on road to privatisation

IRCTC is the subsidiary of Indian Railways and handles online ticketing, catering and tourism operations. The IRCTC is one of the most visited websites in the Asia-Pacific region, with a transaction volume of more than 25 million per month, and 7.2 million logins per day. About 800,000 tickets are booked every day through the IRCTC website and Rail Connect.

However, catering has been the company’s biggest contributor to sales over the years. While more than half of its revenues at Rs 1,044 crore came from its catering business in 2019, internet ticketing business contributed about 12% of its revenue. The remaining Rs 444 crore came from its tourism and travel-related services and Rs 176 crore from its Rail Neer packaged drinking water business.”

- Support OpIndia -
Support OpIndia by making a monetary contribution

Trending now

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Latest News

Coronavirus: Foreign Islamic preachers who attended ‘Tablighi Jamaat’ event in Nizamuddin violated visa rules, Home Ministry may blacklist 800 of them

The Home Ministry on Tuesday said that the foreign Islamic preachers who visited India on tourist visa but attended the Islamic religious conference organised by the “Tableeghi Jamaat” are in violation of visa rules.

People infected by ‘Secularitis’ attempt to blame Modi govt and ‘rightwing’ for mess created at Markaz Nizamuddin: Here are the facts

The Markaz, Nizamuddin in Delhi, the global center for the Tablighi Jamaat, is suspected to be the ground zero of hundreds of potential infections of the Wuhan Coronavirus.

Coronavirus: 24 people diagnosed with COVID-19 in Delhi’s Nizamuddin, foreign members found violating visa norms

Delhi's Nizamuddin which hosted thousands of Muslims for Tablighi Jamaat has recently emerged as the new hotspot for coronavirus

The one true pandemic: How Tablighi Jamat has become the ‘super spreader’ for coronavirus in Asia

In India, 10 coronavirus deaths are now traced to Tablighi Jamat in Delhi. Since yesterday, over 285 people showing coronavirus symptoms have been admitted in Lok Nayak Hospital alone.

Pakistan: Tablighi Jamaat member stabs policeman while trying to escape quarantine after 2 dozen members test positive for coronavirus

On Sunday, a member of the Tablighi Jamaat stabbed a police officer SHO Ashraf Malik Maakhi, with a knife after he reportedly tried to escape a quarantine facility.

Coronavirus: 6 from Telangana who were at Tablighi Jamaat in Nizamuddin die due to COVID-19 infection

On Monday, 6 people from Telangana who attended a religious gathering at Markaz in Delhi's Nizamuddin area between March 13 and March 15 had reportedly died of Coronavirus infection.

Recently Popular

Delhi: Dozens of coronavirus cases across the country traced to Tablighi Jamat Mosque in Nizamuddin, hundreds in hospital, 2000 quarantined, area sealed off

A medical camp has been set up in the area and samples are being tested. Drones have been deployed to maintain strict vigilance over movements. As per reports, over 2000 people in the area are under quarantine.

We’re not rich like US, but we’ve Islam: Pakistan PM announces ways to fight Coronavirus

Imran Khan, in his address to his nation on March 30, praised China, the country which unleashed Wuhan coronavirus on rest of the world.

China refuses to allow discussion on Wuhan Coronavirus in UNSC, blocks draft that called for “full transparency” over the outbreak

The UNSC is divided on its proposal on the pandemic. China has also objections regarding the terminology of the proposal.

King Maha Vajiralongkorn of Thailand goes into isolation with his harem of 20 concubines in Germany, books an entire luxury hotel

Thailand King Maha Vajiralongkorn has booked out the entire Grand Hotel Sonnenbichl in Bavaria, with permission from local council

Infosys employee Mujeeb Mohammad arrested for asking people to ‘spread the virus’ by sneezing in public, fired by the company

Although earlier Infosys said that it could be a case of mistaken identity, later they admitted he was their employee & fired him

Subscribe to our newsletter

Each morning, get an email to keep updated with all the news, opinions and analysis published by OpIndia.

Connect with us

216,705FansLike
266,802FollowersFollow
208,000SubscribersSubscribe
Advertisements