The government has planned to sell up to 5 per cent stake in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS) at a floor price of Rs 680 a share. The OFS includes base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of another 2.5 per cent, taking the total issue size to 4 crore shares or 5 per cent stake.
At the floor price of Rs 680 a share, sale of 4 crore shares in Indian Railway Catering and Tourism Corporation would fetch about Rs 2,700 crore to the exchequer. The proceeds from IRCTC OFS will add to the disinvestment kitty of the government. The OFS is opened for subscription by institutional investors on December 15, 2022 and on December 16, 2022 for retail investors.
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.
| Company Name | CMP |
|---|---|
| IRCTC | 564.75 |
| Thomas Cook (India) | 110.94 |
| TBO Tek | 1291.85 |
| Transcorp Intl. | 28.03 |
| Le Travenues Techno | 179.05 |
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