IPO Period : 30th Sep’19 – 3th Oct’19

Name : Indian Railway Catering and Tourism Corporation Limited (IRCTC)

(https://en.wikipedia.org/wiki/Indian_Railway_Catering_and_Tourism_Corporation)

Incorporation: 1999

Location: 16, Parliament Street, New Delhi, India

Function/Objectives:

Segments:

  1. Travel & Tourism : IRCTC provides services related to Air, Land, Rail and tour packages along with hotel  bookings
  2. Packaged Drinking Water: Manufactures & distributes water with brand name “ Rail Neer” at Railway stations across India.
  3. Catering Services: It provides food catering service at both on board & through booths at stations.
  4. Internet Ticketing: It offers a dedicated website and app (Rail Connect) to book tickets online.

Promoters: President of India acting through Ministry of Railways.

Financials:

Figures ‘Rs. In Cr.’

Particulars 31-03-2019 31-03-2018 31-03-2017
Assets 2583.78 2319.11 1826.45
Revenue 1956.67 1569.56 1602.85
PAT 272.60 220.62 229.08

Objects

1.  Disinvestment by the selling shareholder and

2. To achieve benefits  of listing on Stock exchange.

GMP ( Grey Market Premium)/GMP IRCTC

GMP of IRCTC is Rs. 140-150 per share

Conclusion

Looking at Monopoly on Railway Ticket booking and P/E of 18 along with good track record of Dividend distribution, one may apply for Listing Gain or for long term perspective.

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Disclaimer: The conclusion given is solely on the basis of experience of blog writer and is based on his personal experience; one should do his own analysis and study before reaching to any conclusion. Neither IPO Research nor writer will be held responsible for any loss on investment to reader without proper analysis.

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