Indian Railway Catering and Tourism Corporation (IRCTC) is coming out with an initial public offering (IPO) to raise around Rs 645 crore. The issue will open on September 30, 2019 and will close on October 3, 2019. It has fixed a price band of Rs 315-320 per share.
The shares of the company are proposed to be listed on NSE and BSE. 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.
