IRCTC to launch IPO today, price band between Rs 315-320 per share

The minimum bid lot is 40 shares. Thus, orders can be placed in the multiple of 40 equity shares. The IPO proceeds will go directly to the government. The shares will get listed on both BSE and NSE. IRCTC had filed draft papers with markets regulator Securities and Exchange Board of India (Sebi) for its initial public offer in August this year. IDBI Capital Markets & Securities, SBI Capital Markets and YES Securities (India) are the managers to the offer. IRCTC is the Indian Railways tourism arm which sells train tickets online, provides catering service to railways and provides packaged drinking water at railway stations and trains. The IRCTC website is one of the most transacted in the Asia-Pacific region, with a volume of more than 25 million a month. IRCTC, according to its annual report, sold train tickets worth Rs 28,475 crore online in the year ending March 2018, growing 14% from a year earlier, but its overall income registered a dip. Apart from IRCTC, three other Indian Railways entities that have launched IPOs are Rail Vikas Nigam Limited (RVNL), Rail India Technical and Economic Service (RITES) and Indian Railway Construction Company Limited (IRCON). DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Hindustan Timeshttps://www.internetpolyglot.com/user/346766