 "Railways has already asked steel ministry and SAIL to shift to higher-grade rail in two years")
Online ticketing, tourism and the catering arm of railways, Indian Railway Catering and Tourism Corporation (IRCTC) on Wednesday said it is looking to raise up to Rs 645 crore through an initial public offering (IPO).
The price band of the IPO is fixed at Rs 315 to Rs 320 per equity share.
The issue comprises an offer for sale of 2.01 crore shares of the face value of Rs 10.
Out of the total issue size, 1,60,000 equity shares are reserved for eligible employees.
The issue will open on September 30 and closes on October 3.
"Through the IPO, we are offloading 12.5 per cent
