The Government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) through an Offer for Sale (OFS) which opens for subscription. Offer for Sale in IRCTC opens December 10, 2020 for Non Retail investors. Day 2 for retail investors. Government would divest 15 per cent equity with a 5 per cent green shoe option.
The promoter proposes to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 80,00,000 shares, representing 5 per cent of the total issued and paid up equity share capital. The floor price for the offer shall be Rs 1,367.
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.
