Upcoming IPO : Indian Railway Catering and Tourism Corporation

Upcoming IPO : Indian Railway Catering and Tourism Corporation

Indian Railway Catering and Tourism Corporation (IRCTC) is Indian Railways authorized company engaged into the business of Catering Services, Internet ticketing, Packaged drinking water under the brand ‘Rail Neer’ and travel & tourism. The Company is wholly owned by the Government of India under the administrative control of the Ministry of Railways. IRCTC is the only entity who provides catering services, online ticket and packaged drinking to Indian railway : Know More Details Click Here: https://blog.arihantcapital.com/index.php/upcoming-ipo-indian-railway-catering-tourism-corporation/

IRCTC record listing gain of over 100%, retail oversubscribed by 112x, Institutional-108x

On a side note, even though the IPO was a success, the funds raised by the government from its stake sale will not reflect the complete gains realized by traders.
I bet the government would have instantly regretted keeping the IPO issue price so low and leaving so much money on the table.

Hi,

This is welcome news for passengers of Indian Railway. What about quality of food product, because most of the railway station canteen food products is not hygienic.

Yes, I agree. The railway food is not hygienic.

However, they are coming up with new initiatives and alternatives to improve the quality. For example, the food delivery on trains via e-catering/railyatri is not that bad.