IRCTC IPO opens Monday. Here's why analysts suggest subscribing to it

Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing, tourism and the catering arm of railways, is scheduled to launch its initial public offering (IPO) on Monday (September 30). The IPO is part of the government's ambitious disinvestment programme that targets raising Rs 1.05 trillion via this route in financial year 2019-20 (FY20).

Here's a look at the key details of the company, issue and whether you should subscribe to the offer or not.

About the Company

IRCTC is a Central Public Sector Enterprise (CPSE), wholly-owned by the Government of India (GoI) and under the administrative control of the