The IPO, the price band for which has been set at Rs 315-320 per share, is an offer for sale by the government, wherein it is diluting 12.6 per cent stake, amounting to 2.01 crore equity shares
The Rs 645 crore Indian Railway Catering and Tourism Corporation (IRCTC) initial public offering (IPO) is all set to hit the primary market on Monday. The IPO is part of the government's divestment programme, the price band for which has been fixed at Rs 315-320 per share. The company will not receive any proceeds of the IPO, as it is an offer for sale issue. The issue will close on October 03, 2019, following which the government's stake in IRCTC will come down by 12.5 per cent.
Key things to know about the IRCTC IPO
Edited by Manoj Sharma