Sector: Transportation (Railways) & Hospitality l IPO Note Background: Indian Railway Catering & Tourism Corporation Ltd. (IRCTC) is the only government undertaking authorized to by Indian Railways to provide catering services, online railway tickets and packaged drinking water at railway stations and trains in India. The company enjoys Mini-Ratna status as well. The company is fully owned by Government of India (GoI) and is managed by Ministry of Railways. IRCTC's business is broadly divided in 4 segments; Internet Ticketing, Catering, Packaged Drinking Water, and Travel & Tourism. IRCTC operates one of the most transacted websites in the Asia-Pacific region with a transaction volume exceeding 25 million per month and 7.2 million logins per day. To augment...