The issue comprises of 2 crore equity shares of face value of Rs 10 each. According to market sources, the IPO size is expected to be around Rs 500-600 crore.
The book running lead managers to the offer are IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited, YES Securities (India) Limited.
The company was incorporated on September 27, 1999, as a public limited company.
As a Central Public Sector Enterprise wholly -owned by the government and under the administrative control of the Ministry of Railways, IRCTC is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.
It was conferred the status of Miniratna by the government on May 1, 2008.
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 June 30.
The company has also diversified into other businesses, including non-railway catering and services such as e-catering, executive lounges and budget hotel.
At present, it operates in four business segments, namely, internet ticketing, catering, packaged drinking water under the “Rail Neer” brand, and travel and tourism.
