. Initial Public Offering of up to 20,160,000 Equity Shares.
. Price band of Rs. 315 –Rs. 320 per equity share.
. Minimum Bid lot is 40 equity shares and in multiples of 40 equity shares thereafter.
. Issue opening date – Monday, September 30, 2019 and Issue closing date – Thursday, October 3, 2019.
. Retail Discount and Employee Discount: Rs 10 per Equity Share on Offer Price.
. The Floor Price is 31.5 times the face value of the Equity Shares and the Cap Price is 32.0 times the
Chennai, September 25, 2019: Indian Railway Catering and Tourism Corporation (IRCTC), the railways’ online ticketing, tourism and catering arm announces the launch of its Initial Public Offering (IPO), in a bid to raise approximately Rs 645 crore at the upper end of the price band.
The IPO, with a price band of Rs 315 to Rs 320 per equity share, will open on September 30, 2019 and close on October 3, 2019.
The issue comprises an offer for sale of 2,01,60,000 shares of face value of Rs 10 each by the President of India, acting through the Ministry of Railways (The Selling Shareholder). Out of the total issue size, 1,60,000 equity shares are reserved for eligible employees. The Company has offered a discount of Rs 10 per Equity Share on the Offer Price for the retail category and to eligible employees.
The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.
The book running lead managers to the offer are IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited and YES Securities (India) Limited.