Indian Railway Catering & Tourism Corporation Ltd. share price target

As a Central Public Sector Enterprise wholly owned by the Government of India and under the...

travelling by Indian Railways (IRs) 2) strong business visibility amid reintroduction of service charge (Rs15 per ticket for non-AC and Rs30 per ticket for AC from 01 Sep 2019) for online ticket booking and plans to double the number of Rail Neer plants to 20 by FY21E 3) debt free & cash rich BS (Rs11.4bn of cash as of FY19; ~23% of post money market cap) with healthy...

IPO NOTE

They are the only entity authorized by Indian Railways to offer railway tickets online through their website www.irctc.co.in and mobile application, "Rail Connect". Between Total Issue as % of total capital (Post12.6%...

The only authorised entity to offers Indian railway tickets online IRCTC is the only entity authorized by Indian Railways to offer railway tickets online through its website www.irctc.co.in and mobile application, "Rail Connect". Approximately 72.60% of railways' tickets are booked online with an average of more than 0.84 million tickets booked online on daily basis. According to CRISIL, online rail bookings are expected to grow at ~8% CAGR to reach ~425-435 million in FY24E, with e-booking penetration rising approximately 8183% during the same period. With a surge in e-commerce...

IRCTC is a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways. The company is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. IRCTC was conferred the status of Mini ...

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a wholly-owned subsidiary of Indian Railways, Government of India. It is a Mini Ratna (Category-I Central Public Sector Enterprise), incorporated in 1999 as an extended arm of the Indian Railways with the objective to upgrade, modernize, professionalize and manage the catering and hospitality services at stations, on trains and other locations, online ticket booking services, packaged drinking water and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems....

Indian Railway Catering and Tourism Corporation Limited IPO Note Issue Open: September 30 - October 03,2019, Price Band: Rs. 315 320 (A discount of Rs 10 to the Employees and Retail Category), Issue Size: 2,01,60,000 eq shares (Entirely Offer for sale)

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...