INSUBCONTINENT EXCLUSIVE:
Corporation's Rs 645-crore initial public offer (IPO) will open for subscription today
IRCTC - the online ticketing arm of the Indian Railways - has set a price band of Rs 315-Rs 320 for the IPO
After the IPO, Government of India's holding in IRCTC will come down to 87.40 per cent
till date.Till now, the Indian Railways has come out with three IPOs of its subsidiaries: Rail Vikas Nigam Limited (RVNL), Rail India
offer by the Indian Railways so far.The RVNL IPO was worth Rs 477.11 crore, whereas the IRCON and RITES public offers raised Rs 466.93 crore
and Rs 460.44 crore respectively.The IRCTC IPO comprises an offer for sale (OFS) of 2,01,60,000 shares of the face value of Rs 10
The recent tax reduction by the government and the increase in revenue from the service charge for online ticketing will improve IRCTC's
the catering business given a very large captive audience which is currently being underserved
Increasing business volumes from catering and Packaged drinking water businesses, along with service charge for online ticket booking will
the Indian Railways to provide catering services to railways, online railway tickets, and packaged drinking water at railway stations and
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