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IRCTC IPO a huge hit; subscribed 112 times on final day of bidding

The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed 77.91 times so far on the final day of bidding on Thursday. The IPO to raise about Rs 645 crore received bids for 157 crore shares against the total issue size of 2 crore scrips, according to data available with the exchanges till 1530 hours. IRCTC's IPO was subscribed 3.25 times till the second day of bidding on Tuesday. Equity markets were closed on Wednesday on account of 'Mahatma Gandhi Jayanti'. The initial public offering (IPO) is in a price range of Rs 315-320 per share. The issue comprises an offer-for-sale of 2.01 crore shares of a face value of Rs 10 each. Out of the total issue size, 1,60,000 equity shares are reserved for eligible employees. The offer is being managed by YES Securities (India), SBI Capital Markets and IDBI Capital Markets & Securities.

Despite bulls' preference for IRCTC IPO, important to tread with caution

In the first two days of the three-day offer, the IPO was oversubscribed by 325 per cent

IRCTC IPO subscribed three times a day before close: All you need to know

The issue closes on Thursday

IRCTC's IPO subscribed about 81% on the opening day of bidding

The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed about 81 per cent on the opening day of bidding on Monday. IRCTC's public offer to raise about Rs 645 crore received bids for 1.63 crore shares as against the total issue size of two crore shares, according to exchanges' data. The non-institutional investors category was subscribed 21 per cent and that of retail individual investors 2.23 times. Price range for the initial public offering (IPO) has been fixed at Rs 315-320 per share. The issue comprises an offer-for-sale of 2.01 crore shares of face value of Rs 10 each. Out of the total issue size, 1,60,000 equity shares are reserved for eligible employees. Bidding for the offer of the railways' tourism and catering arm will close on Thursday. Equity markets will be closed on Wednesday on account of 'Mahatma Gandhi Jayanti'. YES Securities (India), SBI Capital Markets and IDBI Capital Markets & Securities are the managers to the

IRCTC IPO: A robust growth outlook, attractive valuations are key positives

IRCTC has had healthy revenue growth of 27.4 per cent in FY19, while the same over FY17-19 averaged 11 per cent

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

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).

Top 10 biz headlines: Modi lures investors, IRCTC's IPO, and more

From PM Modi urging investors to come to India and invest to LIC's stake in private sector dropping to 16-year-low, here are the top 10 business headlines on Thursday

IRCTC looks to raise Rs 645 cr via IPO, at price band of Rs 315-320 a share

The issue comprises an offer for sale of 2.01 crore shares of the face value of Rs 10

No tatkal, free insurance of Rs 25 lakh: IRCTC's many firsts for Tejas

The Delhi-Lucknow and Mumbai-Ahmedabad Tejas Express trains will be the first trains to be run by the IRCTC

Pay more for IRCTC tickets from Sep 1: Check service charges on AC, non-AC

The IRCTC will levy a service charge of Rs 15 per ticket for non-AC classes and Rs 30 for AC classes, including first class, according to the August 30 order issued by IRCTC

IRCTC recruitment 2019: Apply for walk-in interview today on irctc.com

IRCTC recruitment 2019: Candidates with BSc in Hospitality and Hotel Administration from a recognized university can appear for the walk-in interview

IRCTC to bring back service charge on online ticket booking from Sep 1

Passengers may have to pay Rs 15 and Rs 30 for non AC classes and AC classes as service charge from September 1

IRCTC files draft red herring prospectus with Sebi for IPO: Details here

Market sources say the government plans to offload around 12 per cent stake through the IPO

Govt files IPO document for IRCTC with Sebi, plans to offload 12% stake

The share sale could fetch between Rs 500 crore and Rs 600 crore and help the government with its disinvestment target

Online train tickets to get costlier as IRCTC restores service charge

The service charges were withdrawn three years ago to promote digital payments

RailYatri integrates with IRCTC

The court had in April this year ruled that the businesses and operation of the website and mobile application RailYatri were unauthorised.

Govt eyes Rs 1,500 crore from IRCTC, IRFC IPOs by September

The finance ministry earlier this year initiated the process of launching an IPO of IRFC but the company has told the railway ministry that their borrowing cost will go up if it gets listed

IRCTC launches its own payment aggregator system called IRCTC iPay

Under this new arrangement, IRCTC will have full control of the payment system because of its direct relationship with acquiring banks, card networks and other partners

IRCTC offers free Rs 50 lakh travel insurance for air travellers

This facility will be available for passengers irrespective of the class of tickets and for both domestic and international flights.

Now, IRCTC's chatbot 'AskDisha' will answer all your queries about trains

The essential features of AskDisha include ability to quickly answer to customer queries, ability to multitask, ability to provide round-the-clock customer support