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Irctc Limited Ipo Details

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Indian Railways Catering and Tourism Corporation Limited IPO

IRCTC is one of the greatest transportations over the world. It was joined on 27th September 1999. IRCTC to raise around Rs 645.12 crore through an IPO. The IPO will open for membership on September 30, 2019. The organization works its business in four sections, for example, Internet Ticketing, cooking, bundled drinking water under the " Rail Neer" brand, and Travel and Tourism. As of the monetary reports, IRCTC is progressing admirably. The stock specialists expect IRCTC IPO to work out in a good way and get great membership numbers.

IRCTC IPO Details

Issue Open: Sep 30, 2019 – Oct 3, 2019
Issue Type: Book Built Issue IPO
Initial public offering Size: 20,160,000 Equity Shares of Rs 10 (accumulating up to Rs 645.12 Cr)
Offer for sale: 20,160,000 Equity Shares of Rs 10 (amassing up to Rs 645.12 Cr)
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 315-Rs 320 Per Equity Share
Retail Discount: Rs 10
Representative Discount: Rs 10
Market Lot: 40 Shares
Min Order Quantity: ...
... 40 Shares
Posting At: BSE, NSE

It is a book assembled type issue. The IPO membership period will close on October 3, 2019. It offers a sum of 20,160,000 value shares. Out of the aggregate of 20,160,000 offers, 1,60,000 offers saved for qualified representatives. It has fixed a value band between Rs 315-Rs 320 for every value share. The Indian Railway issue contains a proposal available to be purchased of 20,160,000 value portions of presumptive worth Rs 10.
It offers Rs 10 as a rebate to retail and representatives. The base request amount of the issue is 40 offers, and a market parcel is 40 offers. It will propose to list at BSE and NSE.
IRCTC IPO will oversee by IDBI Capital Markets and Securities Limited, SBI Capital Markets Ltd, and Yes Securities Ltd.
As of the offer records, 50 percent of the offers will accessible for assignment to qualified institutional purchasers (QIB). Moreover, 2 lakh shares accessible for the common reserve parcel on a proportionate premise. It offers over 15% of offers to non-institutional financial specialists (NII) and 35 percent of offers to retail singular speculators (RII).

Objects of Issue
The organization will use net continues raised from the issue towards
1. To do the disinvestment of value shares by the selling investor establishing organizations settled up value share capital
2. To accomplish the advantages of posting the value shares on the stock trades.

Initial public offering Promoter Holding
Pre-Issue Share Holding: 100%
Post Issue Share Holding: 87.40%

IPO Registrar
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055

Phone: (011) 4254 1234
Email: kamalarora@alankit.com
Website: https://www.alankit.com/

Disclaimer: This post is only data about the IPO. It doesn't offer any guidance or proposal. If you don't mind read the offer report cautiously and counsel your consultant before contributing.
https://creationsnew2020.wixsite.com/irtctc-ipo

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