Indian Railway Catering and Tourism Corporation (IRCTC) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). As many as 2 crore equity shares of face value of Rs 10 each would be offloaded through an offer for sale by the government.
The company's shares are proposed to be listed on BSE and NSE. The book running lead managers to the issue are IDBI Capital Markets & Securities, SBI Capital Markets and YES Securities (India).
IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.
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