irctc

IRCTC IPO breaks all record - Subscribed 112 times On Thursday 3rd October, initial public offering (IPO) of Indian Railway Catering and Tour Corp. (IRCTC) was closed and has recorded to have the highest-ever subscribers for a public issue of a company which is owned by government. NSE data shows that the IPO which was aimed to raise Rs. 645 Cr. was subscribed 112 times and received a bid of over Rs. 225 Cr. shares when compared to the total size which was Rs. 2.02 Cr. for Rs. 315 to Rs. 320. According to the Prime…

YOGI ADITYANATH TO FLAG OFF TEJAS EXPRESS— INDIA'S FIRST PRIVATE TRAIN The Chief Minister of Uttar Pradesh, Yogi Adityanath finally flagged of the first private train of India, the IRCTC Tejas Express between Lucknow and Delhi. With this launch, passengers will now get to travel between Delhi to Lucknow during the festive season with world-class luxury and comfort.  The launch of this train during Navratras and the festive season is a perfect gift for business travellers and tourists. This train will cover the journey…

IRCTC May Hit the Market with IPO on 30th September The state-owned Indian Railway Catering and Tourism Corp. Ltd (IRCTC) plans to launch its Initial Public Offering (IPO) immediately after the sharp turnaround in the market with benchmark Sensex, which gained 8% or 2899 points after the government cut corporate tax on Friday. The Indian Railway and Tourism Corporation (IRCTC) is the subsidiary of Indian railway that handles ticketing and catering operations. The stake sale will be bringing down the government share in the…