Indian Railway Catering & Tourism Corporation Ltd. share price target

A good bet on India's growing tourism & travel market IRCTC is the only entity authorized by the Indian Railways to provide services like catering, travel & tourism, online ticket booking, and packaged drinking water. The company fully enjoys virtual monopoly offering major tourism related services under one roof. The company was conferred the status of Mini-ratna (Category -1 Public Sector Enterprise) by the Govt. of India, on May 01, 2008....

About the company Incorporated in 1999, state-owned Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a wholly-owned subsidiary of Indian Railways. IRCTC handles tourism, catering, online ticket booking services and provides packaged drinking water in trains and at railway stations in the country. The company was conferred as a Mini-Ratna or Category-I Public Sector Enterprise by the Indian Government in 2008. In the last three months ended on 30th June, nearly 15 to 18 million transactions were placed per month through the IRCTC website. IRCTC also provides non-railway services including budget hotels, e-catering and executive lounges to create a one-stop solution for...

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)